Fast Retailing’s Uniqlo is facing shipping delays of products from Vietnam of around two weeks due to upstream material supply shortages from China resulting from the spread of COVID-19 coronavirus. Vietnam accounted for 16.1% of U.S. imports of apparel by value in 2019, with a 10.3% rise offsetting a tariff-linked 8.3% slide in shipments from China. Uniqlo has aggressively moved its sourcing towards Vietnam recently. Vietnam represented 20.2% of U.S. seaborne imports linked to the firm in 2019 compared to 11.5% in 2016. That process has continued recently with a 365% surge in shipments ...
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