Asia – Apparel and Footwear Supply Chain_ Recent Supply Chain Developments

Growing brands' strength remain solid: OEMs continue to see good shipment growth to sports brands such as Adidas, Hoka, New Balance, Asics, and On Running, evidenced by related OEMs' solid January sales growth despite the fewer working days YoY given CNY (Lai Yih at +21% YoY, thanks to Hoka; Chung Jye at +22%, thanks to New Balance; and Sports Gear at +37%, thanks to Adidas and Asics). Further, OEMs' comments on growing brands' order growth remain solid for 2025, e.g. Adidas' apparel at +mid-teens to 20% an ...