Panjiva, a firm that analyses information drawn from shipping manifests filed with US Customs, said the number of global suppliers actively serving the US market fell from 22,099 in July to just 6,262 in October, a decline of more than 70 per cent.
The firm, which has provided data to customers including Kellwood, a leading branded clothing company, and Hudson's Bay Company, the Canadian retailer, lists as “active” any supplier that has made a shipment into the US over the previous three months.
Josh Green, chief executive of Panjiva, said the numbers “paint a frightening picture of the state of the world's suppliers”.
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