Riva Schuh and Gardabags: New sourcing model emerging
Footwear and leathergoods show Riva Schuh and Gardabags closed in Italy this week (January 10 to 13), with the president of its scientific committee suggesting the sourcing landscape is changing to a more nuanced scenario guided by “affinity-based factors”.
Economist Enrico Cietta said geography remains important, but is now accompanied by geopolitical, cultural, technological and industrial elements as well as a more cautious approach to risk management.
China has lost approximately 780 million pairs in terms of exports and 770 million pairs in terms of production since 2017, he added, which the country had been able to offset through domestic consumption until 2023. Now, production and exports are declining and other countries are increasing their shares.
He concluded Expo Riva Schuh and Gardabags is aligned with the new model and aims to be a “stable point of reference in a constantly evolving market”.
