How to maneuver in the recession driven by the COVID-19 pandemic, Russia's unprovoked invasion of Ukraine and the cost-of-living crisis: perspectives of the retail evolution’s great acceleration in the example of the UK, where booming clothes shops buck retail decline in February.
“Covid lockdowns in China are set to further disrupt global supply chains,” headlines the NYT. A wave of infections from Omicron variants has prompted Chinese authorities to block residents, close factories and stop truck traffic, damaging already worn supply chains.
The footwear sector is in a process of recovery, both in jobs and in factories. In January 2022, the shoe factories of Guanajuato recovered 8,000 of the 15,000 jobs lost at the most critical moment of the coronavirus pandemic. [México: la industria del calzado está saliendo del túnel – Puntodincontro]
The Sourcing Journal reports on further price increases and delays in logistics. Lockdowns across China have created new supply chain uncertainties, but one factor that’s become clear: shippers can expect a rise in rates once restrictions are lifted and operations resume.
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]
The Leather and Hide Council of America has shared data for leather exports in 2021. Cow hides values rebounded in 2021, after falling to their lowest levels in May 2020. The COVID-19 impact has decreased, but the leather industry continues to deal with weaker demand, the escalation of replacement products and logistical problems. Slaughter declining in 2022. LHCA Defends the image of leather: “Real Leather. Stay Different”.
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