Wolverine Worldwide is planning to increasingly shift manufacturing from China to Vietnam. This is what representatives from Wolverine reportedly said during a recent conference led by the Vietnam Leather, Footwear and Handbag Association (Lefaso) and the Footwear Distributors and Retailers of America (FDRA) in Vietnam. While 75 percent of the company's supplies currently come from China, the group intends to cut that to a third by 2020 and leave the rest to Vietnam, which currently supplies 15 percent. Footwear in Vietnam generated $8.5 billion sales in 2013 and is the country's third most-lucrative export industry in terms of revenues. The national shoe industry association, Lefaso, is targeting sales of $12 billion in 2014 for leather goods and footwear.

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