What impact can global sourcing and production have on fashion companies' profitability?
Megha shuklaEnlightened
What impact can global sourcing and production have on fashion companies' profitability?
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Global sourcing and production can have both positive and negative impacts on fashion companies’ profitability. While it can provide access to cost-effective labor and diverse markets, it also introduces challenges such as supply chain disruptions, longer lead times, quality control issues, and potential reputational risks.