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Your calculations weren't quite correct because you didn't account for all the different survey answers. If you account for all of them, right now about 21% [0]
by why_only_15 8y ago
Your calculations weren't quite correct because you didn't account for all the different survey answers. If you account for all of them, right now about 21% [0] of clothes are nearshored, and in 7 years about 30% of clothes will be nearshored. That's about a 45% increase in the amount of clothing nearshored or 13% decrease in the amount of clothes manufactured overseas. Vietnam's share might still increase though because it may take more of the declining Asian share.
[0]: Using the midpoint between the two survey options and 60% for 50%+: 6.21 + .45.03 + .35.04 + .25.05 + .15.15 + .075.18 + .025.33 = .21025
[1]: With the same method: .6.24 + .45.04 + .35.14 + .25.18 + .15.22 + .075.15 + .025.03 = .301