News from World

tag: NEARSHORING

19 January 2023

Mexico could reach 36 million pairs of footwear exported in 2022

According to the first estimates of the Guanajuato Shoe Chamber (Ciceg), Mexico may have added36 million pairs of shoes exported during the year 2022, exceeding the volumes of 2021 which, as announced by FashionNetwork.com, had closed with about 29 million pairs. It would be the nearshoring effect, after the progressive abandonment of Asia by the footwear brands [México podría haber alcanzado los 36 millones de pares de ... - fashionnetwork.com]

16 January 2023

A gloomy economic picture

Growing protectionism and worsening international cooperation could badly damage the world economy, the International Monetary Fund said. Its report, released on the eve of the Davos summit — a paean to free trade and global integration — argues that poorer countries would be hit harder than rich ones. The projections add to continued gloom over economic prospects worldwide, with economists still predicting a recession as likely, despite signs of slowing inflation and hopes that China’s abandonment of zero-COVID could boost growth. [Confronting Fragmentation Where It Matters Most: Trade, Debt ... – IMF]

17 September 2022

Retailers want nearshoring to bring production closer to customers

Purchasing officers now prefere Turkey [for European markes], and China [in its home market]. Preferences for Ethiopia, and Vietnam fall significantly. Data shows it’s part of a larger nearshoring and reshoring pivot in fashion to bring their supply chains closer to home. [Why now and for how long? – Vogue]

12 June 2022

Globalization is changing, offering new opportunities for the Mediterranean area

"Asia is losing weight in the role of the world's factory; production and retail must be recalibrated. The Mediterranean will be the dock of long-haul maritime trade," writes the Catholic-inspired newspaper Avvenire. The transport crisis, with the considerable increase in costs, pushes to redraw the maps of world trade", writes Reuters.

27 May 2022

Nearshoring effects: Mexican footwear exports to the USA increase

Footwear exports are growing after the slowdown due toCovid-19, writes Luces de Siglo. Mexican shoe factories benefit from the move of U.S. companies away from China's supply chain in Asia, according to CICEG (Cámara de la Industria del Calzado del Estado de Guanajuato).

02 May 2022

Rapidly deteriorating trade between the United States and China

At the Sourcing Journal Global Outlook Conference, two experts gave insights into one of the most complicated and significant geopolitical issues dividing the world’s two largest economies. Topping the key issues are punitive tariffs between the two nations. Steve Lamar, president and CEO of the American Apparel & Footwear Association (AAFA), said legislation pending in Congress is focused on more enforcement and tools to deal with China. [‘Hand Wringing’ and ‘Finger Pointing’ Define US-China Trade – Sourcing Jpurnal]

Page 1 of 2
Next