It’s been a rocky road for retailers globally, who are struggling to fill the demand-supply gap in the wake of prolonged production cycles. The industry's headwinds continue with heightened inflation, factory closures, shipping delays, and port backlogs, over and above the ongoing labor-cost-freight-transport challenges that began with the COVID-19 pandemic. Amid fears that a recession is around the corner, it seems like the recessionary phase has already hit the retail world, especially apparel, as we enter into the second half of FY2022.
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