The fashion industry is faced with challenges ranging from increasingly fickle consumers with little brand loyalty to the rise of upstart brands upsetting the traditional giants. One way it’s seeking to respond to that changing dynamic: moving production out of Asia back to the U.S. or nearby countries.

About four-fifths of nearly 200 global apparel industry sourcing executives said “a step change in nearshoring for speed is somewhat or highly likely by 2025,” according to a survey conducted by McKinsey & Co. and The Sourcing Journal, a trade publication, in September. Most of the respondents came from companies based in the Americas or Europe.

Almost 80% of the survey respondents also said it's "highly likely" or "somewhat likely" that "trade agreements change offshore-onshore equation." Read More