All Trade & Sourcing articles – Page 9
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ArticleSanctions weigh on Turkish plans to expand exports to Russia
A fresh round of U.S. sanctions is reportedly jeopardizing the planned growth of Turkish footwear exports to Russia and other post-Soviet countries. Turkish footwear companies are looking to expand exports to Russia, Central Asia and the Middle East to compensate for the losses suffered in Europe, according to the Turkish ...
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ArticleBrazilian footwear exports collapse in December
In December, Brazilian footwear exports fell by 41.5 percent year-over-year in volume to 7.45 million pairs and by 33.3 percent in value to $73.44 million, according to data released by the Brazilian footwear industry association, Abicalçados. For the whole of 2023, exports dropped by 16.6 percent in volume to 118.34 ...
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Some CMA CGM ships continue to use the Red Sea route
The French container carrier CMA CGM is still sending some of its ships through the Red Sea despite attacks on commercial vessels by Houthi rebels based in Yemen, according to the news agency Dow Jones. The shipping company, which is the third largest in the world in terms of capacity, ...
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Hapag-Lloyd and Maersk join forces
The German shipping company Hapag-Lloyd and its Danish peer Maersk have signed an agreement for a new long-term operational collaboration called “Gemini Cooperation”, which will start in February 2025. “The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability,” the companies said in a joint statement. ...
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Boohoo embroiled in factory closure and label-changing scandal
British fast fashion company Boohoo found itself embroiled in two more potential scandals as it considers closing a factory it established as a flagship center of excellence and was accused of removing original labels at the same plant and replacing them with ‘Made in UK’ tags.Boohoo is consulting with up ...
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Maersk to divert shipping from Red Sea for “foreseeable future”
Maersk said that it will divert all vessels from the Red Sea and the Suez Canal south around the Cape of Good Hope for the “foreseeable future”. The decision was taken by the Danish shipping company because of the volatile situation in the Red Sea as Yemen’s Houthi rebels ...
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Cambodia footwear exports down by 23%
Cambodia’s footwear exports fell by 23 percent in the first 11 months of 2023 to $1.21 billion from $1.57 billion a year earlier, according to the Ministry of Commerce. The country’s exports of garment, footwear and travel products were down by 15 percent over the period to $9.9 billion. Cambodia ...
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Nepal shoe industry working at 40% capacity
Nepal’s footwear manufacturing industry is working at only 40 percent of capacity due to a decline in exports, higher imports and smuggling, the local news agency RSS reported, citing Naniraj Ghimire, the president of the Footwear Manufacturer’s Association of Nepal. According to the association, Nepal has the capacity to produce ...
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Maritime disruption in the Red Sea will strain supply chains
A prolonged disruption of martime traffic in the Red Sea caused by attacks on vessels by Houthi militants from Yemen is expected to strain global supply chains and raise transportation costs, according to the credit rating agency DBRS Morningstar. “The passing-through of costs by the providers of essential seaborne cargo ...
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Maersk suspends transit through Red Sea, ships rerouted via Cape of Good Hope
The Danish shipping company Maersk, which manages about a fifth of global container shipping, said that its ships due to sail through the Red Sea and the Gulf of Aden will be rerouted via the Cape of Good Hope. Other companies, including the French group CMA CGM and the German ...
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SponsoredA showcase for the best of this Italian champion industry
The leather industry in Italy generates an annual turnover of more than €30 bn. One event in Milan is perfectly placed to showcase this champion.
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ArticleRussia’s footwear imports rise sharply
In the third quarter of 2023, Russia imported 106.5 million pairs of shoes, 47 percent more compared with the same period of the previous year, the Russian Center for Prospective Technologies (CRPT) estimated. CRPT specializes in the development of digital labeling, marketing and tracking systems for goods in various industries. ...
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Bangladeshi textile minimum wage increased by over 56%
The minimum wage committee of Bangladesh has approved a 56.25 percent raise in the minimum monthly salary of the country’s four million textile sector workers, bringing it to 12,500 takas (about €104). Raisha Afroz, the secretary of the government-nominated committee, told the news agency AFP that the new minimum salary ...
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Cofra to build a factory in Egypt
The Italian safety footwear manufacturer Cofra is planning to invest €10 million in a factory in Egypt, Arab Finance reported citing the minister of trade and industry, Ahmed Samir. The factory will occupy a 50,000-square-meter area in the Robbiki Leather City cluster and is expected to create 2,000 jobs. ...
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ArticleHermès could consider investments in Italian shoe, fashion suppliers
Hermès could invest in some of its Italian footwear and fashion suppliers to further integrate its supply chain, said Eric du Halgouët, the company’s executive vice president of finance. “We could consider vertical integration with investments to consolidate partnerships with some suppliers that share our standards,” he said during a ...
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Taiwanese insole maker DSC expanding in Indonesia, India
Dahsheng Chemical (DSC), a Taiwanese maker of closed-cell and open-cell foam products founded in 1945, is expanding its global manufacturing footprint in Indonesia and India. The new locations, estimated to generate more than 1,500 jobs, will increase DSC’s global capacity by 24 million pairs of insoles per month and accelerate ...
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ArticleWorld Shoe opens a shoe factory in Ghana
On Oct. 10, World Shoe announced the opening of its inaugural factory in Ghana to produce the first antimicrobial, eco-friendly footwear brand manufactured in Africa. ”The production launch represents a collaborative effort among public, private, and civil service sectors to provide high-quality, low-cost products for retail consumers throughout African and ...
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ArticleRussia mulls creating footwear clusters to boost local production
The Russian government is discussing the establishment of footwear clusters in the European part of the country, aiming to meet at least 10 percent of domestic demand. The clusters are planned in the Dagestan Republic, Rostov and Moscow province, or oblast, the Russian newspaper Izvestia reported, citing sources close to ...
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ArticleHow a Malaysian shoemaker is hedging the China risk and trying to expand in the U.S. and Europe
Sweetkiss Shoes Footwear Co., a Malaysian incorporated footwear group known for its Dr Shooz brand, launched a new factory in Ho Chi Minh City, Vietnam, in July 2023 to supplement its Chinese facility, which is located in Guangzhou and has been operational since November 2012. Source: Sweetkiss Shoes ...
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Pou Chen to axe more jobs in Vietnam
Pou Chen Corp, the world’s largest athletic footwear manufacturer, has told authorities that it will lay off 1,221 people on permanent contracts at its Ho Chi Minh City factory in Vietnam. Since the beginning of the year, Pou Chen has reduced the number of employees at the factory, which was ...
