Many organisations representing America’s most recognised retail brands, suppliers and businesses recently announced the launch of the US Global Value Chain Coalition. The American Apparel & Footwear Association (AAFA), the National Retail Federation (NRF), the Retail Industry Leaders Association (RILA) and the US Fashion Industry Association (USFIA) formed the coalition to educate policymakers and the public about millions of American jobs and national economic growth their members generate through their value chain.
A research revealed that making use of the global marketplace, 98 per cent of the apparel sold in the US, companies to offer consumers the widest variety of apparel at the best prices while supporting millions of medium- to high skilled jobs. The report also shows that tariffs routinely applied to apparel imports are among the highest levied on any industry and can result in higher prices for consumers.
Retail global value chains employ millions of Americans through the production of goods and provision of services, distribution and sales. The Coalition aims to be an advocate, educate, conduct research and engage policies that support American employees and their families through this grand Coalition.
Rick Helfenbein, President and CEO, AAFA disclosed, “In today’s global economy, it is essential that policies in Washington support the modern supply chain. While 98 per cent of the clothes and shoes sold in the U.S. are imported, it is important to note that our industry provides nearly four million American jobs throughout the supply chain. By developing policies that open new markets and remove trade barriers, we can be more competitive, supply more good-paying jobs to American workers and provide greater value for American consumers.”
Jonathan Gold, Vice President for supply chain and customs policy for NRF said, “Global value chains are a critical component to businesses success.” Following the launch, the Coalition will meet with officials in Congress and the Administration to discuss the impact and importance of the U.S. global value chain.
