Despite all the talk about reshoring from Asia and the approach to consumer markets, there is no indication of such a trend in the data, explains Joana Vaz Teixeira, publisher of World Footwear, an initiative of the Portuguese footwear association Apiccaps, in an interview with the @PublicationsEdm publishing group. [Data fails to show significant reshoring is underway – shoeintellignce.com]
The demand for relocation of footwear production from Asia to Spain is growing, say respondents from @PublicationsEdm, but the Iberian country lacks the capacity necessary to significantly increase production, while exports of Spanish-made shoes have returned to pre-pandemic levels. [How reshoring to Spain is being hampered by labor and capacity shortage – Shoe Intelligence]
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]
"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.
A comment from the Guardian on the United States trying to ease dependence on China since pandemic lockdowns sparked a global supply chain crisis. However, the number of delayed shipments from China to the United States has declined lately, stabilizing around 35 %. But it is also higher wages that could reduce China's global competitiveness as a manufacturing base.
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