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Impact of the Russia-Ukraine Conflict on Apparel Industry - Thematic Research

Impact of the Russia-Ukraine Conflict on Apparel Industry - Thematic Research

  • August 2022
  • 28 pages
  • ID: 6320159
  • Format: PDF
  • GlobalData

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Impact of the Russia-Ukraine Conflict on Apparel Industry - Thematic Research

Summary
The Russian invasion of Ukraine has had impacts worldwide on the apparel sector. The initial shock sent energy prices rocketing, and the sudden lack of availability of raw materials and staple crops is pushing up the cost of living for many consumers around the world.

Key Highlights
- The Russian invasion of Ukraine has had global impacts on the apparel sector. The initial shock sent energy prices rocketing, and the sudden lack of availability of raw materials and staple crops is pushing up the cost of living for consumers worldwide, compounding the inflationary impacts of the global supply chain crisis.
- The subsequent sanctions against Russia by many Western economies have been met with retaliation from Moscow. This includes sanctions that directly impact retail activities, such as restricting international shipping, payment systems and money transfers.
- The current global geopolitical climate is volatile, and this will have ongoing implications for the apparel market. While many retail sectors are experiencing unfavorable market conditions, non-essential goods will be the most affected, especially apparel.
- A key part of the Western response to the Russian invasion of Ukraine has been to impose sanctions, hindering economic activities and disrupting supply chains.

Scope
- GlobalData provides insight into the impact of the Russia-Ukraine conflict on the Apparel sector.
- The report provides an overview of the potential outcomes and impacts of the Russian invasion of Ukraine, and the impacts of this on raw materials, manufacturing, transportation and the trading impact in apparel.
- The report also outlines the retailers that will be less affected by this theme, as well as those whose operations will be the most affected.
- The key transportation, regulatory and raw materials trends impacting the theme are discussed throughout the report and a timeline of the major milestones in the conflict.

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