This was fascinating from Samsonite (h/t The Transcript).
Shows the plasticity of global supply chains.
In a year they have taken sourcing for their US business from 90% China to 67% by Q3 and aiming for 50% next year.
“…we’re very rapidly accelerating the shifting of sourcing from China for our U.S. business … I’m happy to say that for Q3, we’re already at 67%. And as we look to next year, we start to feel like we can get very close to 50% source from China, which for just the core U.S. business was close to 90% just at the start of this year. So, it’s a pretty dramatic shift” – Samsonite CEO
