All Trade & Sourcing articles – Page 6
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ArticleHow the exodus out of Russia is creating opportunities for locals
Western footwear retailers that pulled out from the Russian market over the past few months in the wake of Russia’s invasion of Ukraine sold products worth 51.2 billion rubles (€911m) in the country in 2021, estimated Chestny Znak, a Russian regulator supervising the labelling of fashion products on the domestic ...
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CMA CGM cuts freight rates for French imports, exports
The French shipping company CMA CGM is cutting freight costs for imports and exports to and from France. The company is cutting freight rates by €750 per container for imports from Asia to metropolitan France and for all imports by French overseas territories. CMA CGM is also reducing the cost ...
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ArticlePakistan is benefiting from a shift out of China
In an interview with Shoe Intelligence, Ahmed Fawad Farooq, secretary general of the Pakistan Footwear Manufacturers Association (PEMA), has outlined how Pakistan is benefiting from a transfer of production out of China and is seeking to beef up its footwear industry to meet growing demand. Many industry experts have indicated ...
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EU, New Zealand conclude talks for trade agreement
After four years of talks, the EU and New Zealand concluded negotiations for a trade agreement. The deal includes sustainability commitments, including respect of the Paris Climate Agreement and core labour rights, which are enforceable through trade sanctions. The agreement is the first one to integrate the EU’s new approach ...
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Gucci’s Pigini unit to build a new upper plant in Italy
Pigini, a footwear subsidiary of the fashion house Gucci, will buid a new production site in Recanati, in the Italian region of the Marche, home to a large footwear cluster. The more than 10,000 square meter facility is expected to employ about 400 people in three years’ time and will ...
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Chinese economic situation worse than in 2020
The Chinese Prime Minister Li Keqiang said that the country is facing a “critical moment” with difficulties that are worse, to a certain extent, than in 2020 when the Covid-19 pandemic emerged. China is tackling a resurgence of the pandemic and has applied a zero-Covid policy resulting in restrictions, including ...
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ArticleWar in Ukraine threatens German eco-friendly manufacturing
The war in Ukraine will have a significant impact on environmentally-friendly footwear manufacturing as it disrupts supply chains and forces factories across the country to shut down, according to the German shoe industry’s sustainability initiative, Cads. Before the conflict, Ukraine was an important supplier of material for eco-friendly shoe ...
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ArticleIndia expects to double trade with Australia
The India-Australia Free Trade Agreement, officially called the Australia-India Economic Cooperation and Trade Agreement (AIECTA), is the first trade agreement India has signed with a developed economy in more than a decade. Negotiations began in 2011 but were suspended in 2015 as talks stalled over issues such as market access ...
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ArticleC-Suite interview: Covid-19 has masked the surge of regional integration in Asia-Pacific
In an exclusive interview with Shoe Intelligence, William Wong, the founder and head of the Hong Kong-based footwear company Goddess International, and the representative of the Confederation of International Footwear Association (CIFA), sheds light on the impact of regional integration in Asia-Pacific, the growing role of the region in design ...
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News briefs
EU bans exports of luxury goods to Russia
The European Union has toughened trade sanctions against Russia with the adoption of a fourth package of measures, which includes an export ban on luxury goods “to directly hit Russian elites”. The EU is sanctioning the country for ”its brutal aggression against Ukraine and its people.” The sanctions ”will further ...
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ArticleItalian shoemakers ask for aid to mitigate the impact of Ukrainian war
The Italian footwear association Assocalzaturifici is asking for state aid to mitigate the negative impact Russia’s invasion of Ukraine has had on business. “We feel like we are back in March 2020, in the middle of the pandemic,” said the president of Assocalzaturifici, Siro Badon, during a roundtable at Micam, ...
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ArticleThe Russian footwear market faces a perfect storm
The Russian market is braced for major turbulence after dozens of footwear brands pulled out of the country following the Russian invasion of Ukraine and the subsequent introduction of international sanctions. Adidas, Nike and Puma have joined the long list of international brands that have quit the country’s market, along ...
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ArticleHotter plans to increase its European suppliers
Hotter Shoes is looking for additional European suppliers as it plans to increase the frequency of its collection releases and focus on digital sales. The British brand focuses on the over 55 year-old demographic with a high level of disposable income. It noted that the cohort has become more ...
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Russia allows to repay foreign debt in rubles
The Russian government has established a list of “hostile” countries whose debt towards Russian individuals and corporations can be repaid in rubles. The list includes member states of the European Union, Australia, the U.K., Canada, Monaco, South Korea, the U.S., Switzerland and Japan. Under the new legislation, Russians will be ...
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News briefsLenzing opens world’s largest Lyocell plant in Thailand
Lenzing has announced the completion of its €400 million Lyocell expansion project in Thailand. The new plant, which is described by the company as the largest of its kind in the world, has a nameplate capacity of 100,000 tons per year. Construction work started in the second half of 2019 ...
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ArticleVietnam sees leather goods, footwear exports up 10-15% in 2022
Vietnam’s exports of leather, footwear and bags this year are expected to increase by 10-15 percent in 2022 to $23-25 billion, according to the Vietnamese leather, footwear and handbag association, Lefaso. In 2021, Vietnamese exports of leather, footwear and handbags increased by 4.6 percent to $20.78 billion, with footwear exports ...
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ArticleTurkish footwear manufacturers are benefitting from a reshoring from the Far East
Exports of Turkish footwear rose by 22.9 percent in 2021 to over $1 billion for the first time. Overall exports of leather and leather goods reached $1.73 billion, with footwear representing 58.3 percent of the total. Russia was the main export market for Turkish shoes, up by 24.5 percent to ...
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Uzbek shoe imports rise in first 11 months
In the first 11 months of 2021, Uzbekistan imported 3.5 million pairs of shoes from 46 countries for a total value of $12.8 million, up by $4.8 million from the same period in 2020, according to the State Statistics Committee. The top three countries from which Uzbekistan imported footwear during ...
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Caprice to source shoes from Sri Lanka
Caprice, a brand of the German footwear group Wortmann, will start sourcing shoes in Sri Lanka in order to diversify its production in South Asia. The company already imports shoes from Pakistan, Bangladesh and Myanmar. From April 2022, a factory in Sri Lanka’s capital Colombo will start manufacturing leather shoes ...
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Pittards not affected by situation in Ethiopia
Pittards, a British producer of leather and luxury leather goods, said that its activities in Ethiopia have not been affected by the war in the country. “The board is mindful of the current situation in Ethiopia. At present, the group’s operations in Ethiopia, including the free flow of goods, activities, ...
