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(Yicai) Sept. 11 -- Lycra cannot truly move its China business to any other location, despite having factories in the United States, Mexico, Brazil, Europe, and Singapore, according to the chief commercial officer of the leading US supplier of high-performance elastic fibers.
Despite frequent global trade tensions, Lycra's outlook on the Chinese textile manufacturing industry remains optimistic, Nicolas Banyols said in an interview with Yicai on the sidelines of the Intertextile Shanghai Apparel Fabrics - Autumn Edition, which ran from Sept. 2 through 4.
Regarding production capacity, supply chain support, technical knowledge, and skilled labor, no other nation can match China, Banyols noted, adding that this makes transferring production capacity on a large scale out of the country nearly impossible.
At most, only some orders may be shifted to countries such as Vietnam and Guatemala, and even then, it will be done on a limited scale and will remain marginal, Banyols pointed out.
Over the past few months, many Western brands have adopted a wait-and-see approach, delaying orders or reducing order quantities because they are uncertain whether US tariff policies will lead to inflation in the coming months, which could affect consumers' purchasing power for the next season, according to Banyols.
This uncertainty affects not only China but all sourcing regions, including Western countries, Banyols said, adding that it reflects how US tariff policies have indirectly impacted the expectations and confidence of all parties in the supply and value chains.
Lycra focuses on the research, production, and brand licensing of high-performance elastic fibers, establishing its brand as a synonym for elasticity. Its presence is everywhere, from cycling apparel to swimwear, jeans to knitted socks, athletic shoes to suits, and even high fashion.
Editors: Tang Shihua, Martin Kadiev