According to The Tribune, in Punjab’s Jalandhar leather district, “raw materials become expensive and export orders are canceled.” Enterprises in the leather supply chain were hit hard after the start of attacks by the Russian army. The most affected are manufacturers of sporting goods, utensils, tanneries, and leather products.
The prime minister of Italy, Mario Draghi, paid an official visit to the leather manufacturing cluster at Santa Croce sull’Arno in Tuscany on February 24 as part of a wider tour of the region. He also visited a number of finished-product factories near Florence [Leather sector poised for “vigorous growth”, Italy’s prime minister insists – Footwearbiz]
Florence’s Mercato del Porcellino is so named for the hefty bronze boar that lounges beneath the arcades of the Renaissance loggia. Normally, it’s tourists who rub the pig’s now well-shined nose for good luck. But in these months, with a dearth of customers, it’s the leather sellers whose stalls lie just behind in the open market who need the animal’s fortune. [Florence’s Long-Standing Leather Vendors Long For Tourists’ Return – Forbes]
Manufacturing is expanding. The PMI index at 53.7 exceeded the PMI of ASEAN countries (52.7). Manufacturing exports account for 76.49% of the total. Footwear recorded the highest growth (+33.42%), in pairs, from 793.8 million to 1.05 billion. They drive foreign companies, which absorb most of the labor. PT Shoes Bata Tbk (BATA)plans for 2022: a mixture of local market and exports.
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