All Trade & Sourcing articles
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ArticleKybun moves part of shoe production to Italy amid dispute over "Swissness" rules
The Swiss comfort shoe manufacturer Kybun Joya is moving part of its production from Sennwald, in the St. Gallen Rhine Valley, to its factory in Montebelluna, northern Italy, amid controversy over the Alpine country’s new “Swissness” regulations. Around 40 jobs are affected by the relocation. At a press conference ...
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ArticleImports of small parcels into the EU collapse according to the French government
Imports into the European Union through small parcels has declined by 30 to 40 percent thanks to the introduction of levy on such purchases, according to the French Economy Minister, Roland Lescure. As of July 1, parcels mailed to the EU with a value of up to €150 are subject ...
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ArticleUK trade union urges Zotefoams to reconsider transferring footwear foam production to Vietnam
The British trade union GMB urged Zotefoams to reconsider plans to transfer the production of foam for footwear to Vietnam from Croydon, south of London, where the company has been operating for over 90 years. The British company has an exclusive deal to supply high-performance foam to Nike. The production ...
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ArticleIn July, Brazil posted its first trade deficit in footwear
In July, Brazil posted a trade deficit in footwear of $3.6 million, the first on record since the current data series started in 1997, according to Abicalçados, the Brazilian footwear association. In July, the South American country’s imports totaled $66 million in value, in line with a year earlier, and ...
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EU imposes anti-dumping duties on Chinese nylon yarn
The European Commission has imposed anti-dumping duties ranging from 60 percent to 67.6 percent on imports of polyamide yarn (nylon) from China into the European Union. The move follows an investigation that found imports of polyamide yarns from China were entering the EU at dumped prices, harming domestic manufacturers. According ...
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US introduces new tariffs for 60 trading partners
As the temporary 10 percent global tariff imposed under Section 122 reaches its 150-day legal limit, the US administration is replacing the levy with new duties of 10 percent or 12.5 percent on selected imports from 60 trading partners. The new tariffs, effective July 24, are imposed under Section 301 ...
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ArticleCortina returns to its private label roots
Cortina is returning to its private label roots and doubling down on efforts to contain the price of its footwear after recently abandoning efforts to develop its SJ label as an independent brand. Dieter Vyls, the Commercial Director of Cortina, said that the decision to cease efforts to develop SJ ...
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US imposes 50% tariff on Canadian imports
The US administration has imposed a 50 percent tariff on a wide range of goods imported from Canada. The tariff however will not be applied to some key imports such as energy, potash, fish and critical minerals. On July 20, the US President, Donald Trump, signed three proclamations pursuant to ...
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India, UK free trade agreement comes into effect
On July 15, the Comprehensive Economic and Trade Agreement (CETA) between India and the UK came into effect. According to the Indian government, 99 percent of Indian exports to the UK will benefit from zero duty thanks to the free trade agreement. “We expect to double India-UK trade in ...
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ArticleUS imposes 25% tariff on Brazilian goods
The US will impose a 25 percent tariff on most imports from Brazil starting July 22, after a yearlong investigation into what the US administration calls unfair trade practices, according to the Office of the United States Trade Representative (USTR). The decison, taken under Section 301 of the Trade ...
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Vasky loses 70,000 pairs of shoes in a fire
The Czech footwear company Vasky has lost about 70,000 pairs of shoes in a fire that broke out on July 9 in its warehouse in Zlín. ”We lost almost everything and are facing the hardest test in the history of Vasek.The worst case scenario has come true,” the company’s ...
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Fire in Chinese footwear factory kills 28 people
Twenty-eigh people died in a fire that broke out on July 9 in the Fujian Huiteng factory, which produces footwear for Chinese and foreign brands in Jinjiang, according to the news agency Xinhua. Xinhua reported than an investigation was underway into the cause of the fire. The news agency added ...
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Deltaport Footwear to build a new production site in Bangladesh
Deltaport Footwear, a company backed by Italian and Irish investors, will invest $21.6 million to launch a factory in the Bangladesh Export Processing Zones Authority (BEPZA) economic zone in Mirsharai, in the Chattogram region. ”This investment is expected to contribute significantly to the diversification of Bangladesh’s export-oriented footwear industry while ...
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Twisted X launches a collection made in the US
Twisted X, a brand of the Texas-based Twisted X Global Brands company, is bringing footwear manufacturing to the United States with the launch of the Built in the USA Collection. ”Assembled in the United States with globally sourced materials, the Built in the USA Collection exemplifies Twisted X’s diversification plan,” ...
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ArticleHow the Italian Trade Agency boost support to Expo Riva Schuh and the footwear industry
The Italian Trade Agency has significantly boosted its financial support for Italy’s footwear industry, with evidence of the increased funding seen in the sharp rise in the number of incoming buyers at the Expo Riva Schuh and Gardabags trade fair held in Riva del Garda from June 13 to 16. ...
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DSC to expand manufacturing capacity in Indonesia
The Taiwanese performance foam manufacturer Dahsheng Chemical (DSC) plans to expand advanced foam chemistry and fabrication capabilities at its P.T. Dah Ju facility in Jawa Barat, Indonesia. The site was opened in 2023. ”The investment deepens DSC’s Global Ready strategy, bringing localized innovation and technical expertise closer to Tier 1 ...
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Shipments of humanoid robots may be higher than previously expected
Shipments of humanoid robots are likely to be higher than previously expected, according to Morgan Stanley. The US bank now projects shipments of 50,000 units for the year, up from 28,000 units estimated previously. With more companies in China, such as XPeng, announcing mass production from late 2026, that figure ...
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ArticleBally ends shoe production in Switzerland
The Swiss luxury brand Bally is ending shoe production in Switzerland after 175 years and cutting 27 jobs at its original manufacturing site in the canton of Ticino, according to Swiss media reports. The last production workers at the company’s original site in Caslano, near Lugano, have received termination ...
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TKG Taekwang to build a footwear plant in Tamil Nadu
TKG Taekwang, a South Korean footwear manufacturer, has received approval to establish a 514 crore rupee (€47m) non-leather footwear manufacturing facility on 69 acres of land at the ELCOT Special Economic Zone (SEZ) in Navalpattu, Tiruchy, in the Indian state of Tamil Nadu. In the Indian numeral system, a crore ...
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ArticleSemler completes its restructuring
The German shoe manufacturer Carl Semler GmbH has completed its self-administered restructuring, with creditors unanimously approving the insolvency plan. Under the supervision of a restructuring expert, Lukas Eisenhuth, and a court-appointed administrator, Dennis Blank, the 162-year-old company continued operations throughout the insolvency proceedings. Semler filed for bankruptcy at the Pirmasens ...
