Footwear: the next China is China
14/01/2014
In recent comments quoted by the China Leather Industry Association, Mr Mangione said: “The short answer is that the next China is China.”
Nevertheless, he said the “scramble to find suitable alternative sourcing options” has produced a good pool of substitutes in some important niches, with costs, worker availability and investment in shoe making infrastructure still the biggest issues.
But he insisted that no alternative country, nor even any combination of countries, will be able to complete the infrastructure investment that would be required to supplant China in the foreseeable future.
He estimated China’s shoe production now to be around 13.5 billion pairs per year, with nearly 10.1 billion pairs exported.