All Trade & Sourcing articles – Page 10
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ArticleHow after a stellar 2022, Spanish shoemakers are facing a challenging environment
Last year, the Spanish footwear industry returned to levels similar to the pre-pandemic period. Exports exceeded €3 billion for the first time, with almost 160 million pairs of shoes sold abroad. But, export growth has slowed down early 2023 and the Spanish industry continues to struggle with structural shortcomings while ...
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ArticleWhy footwear brands are reluctant to be fully transparent about the supply chain despite client demand
Consumer demand for traceability in the footwear supply chain is here to stay but many brands around the world are still failing to pay enough attention to the trend, according to Bruno Venditti, chief operating officer of the Italian digital product passport start-up Blockvision. In an interview with Shoe Intelligence, ...
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ArticleCanada probes Walmart, Hugo Boss, Diesel for alleged use of Uyghur forced labor
The Canadian Ombudsperson for Responsible Enterprise (CORE) will launch investigations regarding the alleged use of Uyghur forced labor in China by the Canadian units of Walmart, Hugo Boss and Diesel. CORE has published initial assessment reports regarding complaints about Walmart Canada, Hugo Boss Canada and Diesel Canada for allegedly benefitting ...
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ArticleHow Turkey is still benefiting from Covid-19 reshoring, even if some production has returned to the Far East
Turkish footwear exports are set to break a new record in 2023, partly thanks to the reshoring of some production from the Far East during the Covid-19 pandemic. After reaching an all-time high of $1.2 billion in 2022, Berke Içten, head of the association of Turkish footwear manufacturers TASD, forecasts ...
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News briefs
Psudo launches a new style in partnership with Blumaka
The Los Angeles-based sneaker brand Psudo said that it is launching its latest style, Psudo blu in partnership with Blumaka, a shoe and insole manufacturer allowing brands to develop foam parts that have up to 85 percent recycled content. Psudo blu sneakers will be produced at Blumaka’s solar-powered factory in ...
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News briefsA Nike factory opens in Uzbekistan
The Chinese group SinoInternational has started a factory for manufacturing Nike footwear in Andijan, Uzbekistan, the Uzbek association of leather, footwear and fur products, Uzcharmsanoat, said on its website. Nike granted permission to build the factory in 2019, but construction was delayed by the Covid-19 pandemic. In addition, it took ...
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ArticleHow reshoring requests proved short-lived for Portuguese producers
Demand to reshore footwear manufacturing from Asia to Portugal has petered out after growing substantially in 2022, several Portuguese producers told Shoe Intelligence. Last year, as high inflation, energy prices and China’s zero-covid policies upended the global footwear supply chain, Portuguese manufacturers were approached by clients who wanted to reshore ...
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ArticleThe Brazilian trade show BFShow to hold its first edition Nov. 21-23
Brazilian Footwear Show-BFShow, promoted by the Brazilian footwear association Abicalçados in partnership with NürnbergMesse Brasil, will hold its first edition on Nov. 21-23 in Porto Alegre at the FIERGS exhibition center. The trade fair also has the support of the Brazilian export and investment promotion agency Apex Brasil and of ...
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ArticleU.S. footwear imports to plunge in 2023 due to bloated inventories
U.S. footwear imports are likely to plummet to below 2.0 billion pairs this year after a nearly 30 percent growth in 2022 to nearly 2.75 billion pairs, according to data from the U.S. International Trade Commission and a forecast from the The Footwear Distributors & Retailers of America (FDRA). Correspondingly, ...
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ArticleHow Turkey is rebuilding Antakya’s shoe cluster after the earthquake
Where footwear factories once stood in Antakya, the city in southeastern Turkey devastated by an earthquake in February 2023, name tags and signboards are the only traces left in the flattened and desolate landscape. But 40 kilometers away, in a town called Reyhanlı, Turkish authorities have installed container shelters and ...
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News briefs
India’s DPIIT approves a footwear cluster near Mumbai
India’s Department for Promotion of Industry and Internal Trade (DPIIT), which is under the authority of the Ministry of Commerce and Industry, has approved in principle the creation of a leather footwear and accessories cluster park covering 151 acres in Ratwad in Maharashtra’s Raigad district. The project is part ...
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News briefs
Brazilian exports suffer from weaker dollar, economic slowdown, Chinese competition
In May, Brazilian footwear exports fell by 18.7 percent year-over-year in volume to 8.53 million pairs and by 5.6 percent in value to $98.2 million due to the weakness of the U.S. dollar against the Brazilian real, the slowdown of the global economy and increased competition from Chinese producers as ...
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News briefs
New Balance invests $65m to expand factory in Maine
New Balance has announced a $65 million investment to expand its current athletic footwear manufacturing facility in Skowhegan, Maine. The expansion consists of an 11,150 square meter single-story addition to the existing five-story factory building, set for completion by the end of 2024, with around 1,900 square meters of the ...
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News briefs
Asos suppliers reportedly cutting ties over credit insurance worries
Suppliers to Asos are reportedly cutting ties with the fast fashion retailer over credit insurance concerns. They are responding to insurers reducing or withdrawing trade credit insurance following a slide in earnings at the British online fashion retailer. Allianz Trade is understood to have withdrawn cover entirely, while Atradius has ...
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News briefs
Pou Chen lays off over 5,700 workers in Vietnam
Taiwan-based Pou Chen Corporation, parent company of Yue Yuen and supplier to major Western sporting goods firms such as Nike, Adidas and Reebok, announced further layoffs of more than 5,700 workers at Pouyuen Vietnam Co. in Ho Chi Minh City between June 24 and July 8, according to media reports. ...
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News briefs
Smuggling from Kazakhstan is affecting the Russia footwear industry
Counterfeit footwear smuggled from Kazakhstan is inflicting a lot of pain on the Russian footwear industry, according to Vladimir Denisenko, head of Russia’s major footwear manufacturer Unichel. Law enforcement agencies are trying to stem contraband, but as Russia and Kazakhstan are both members of the Eurasia Economic Union and share ...
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News briefsBoohoo reportedly asks suppliers for discounts in bid to cut costs
The British fast fashion retailer Boohoo has reportedly asked suppliers for discount on orders as it looks to manage costs. The Times newspaper reported that all suppliers received a call on Thursday requesting a 10 percent discount on all delivered and undelivered clothing orders. “This is major self-harm. They are ...
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ArticleBrazilian exports decline in volume in Q1
Brazil’s footwear manufacturers exported 38.44 million pairs of footwear in the first quarter of 2023, down by 5.7 percent year-over-year, for a total of $328.44 million, up by 2.4 percent, according to the local footwear associaton Abicalçados. In the sole month of March, exports totaled 11.67 million pairs, down by ...
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ArticleBirkenstock’s factory in Pasewalk nears completion; new CFO appointed
Birkenstock’s new shoe factory in Pasewalk, Germany, is nearing completion, with production at the site set to start the third quarter of 2023. Seven months after laying the foundation stone for its €120-million plant last August, the footwear giant has held a topping-out ceremony with 250 guests. The construction ...
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News briefs
Indonesian footwear exports may fall 40% in 2023
Indonesia’s footwear exports are forecast to drop between by about 40 percent in 2023 to $4.64 billion from $7.74 billion in 2022, according to the Indonesian footwear association Aprisindo. Last year, export rose by 25.15 percent, after increasing by 28.76 percent in 2021 and 8.96 percent in 2020. But, ...
