GLOBAL FOOTWEAR SECTOR SPIES OPTIMISTIC OUTLOOK AFTER FIGHTING INFLATION AND LOGISTICS CHALLENGES
April 19th, 2024
While the global footwear market is always buoyed by the basic human need for shoes, the supply chain difficulties caused by Covid-19 and Russia’s invasion of Ukraine, and the recent wave of inflation, has challenged the industry, especially high-end brands.
With inflation abating, manufacturers and retailers are starting to relax, however, with market researchers bullish about the footwear industry’s medium-term prospects.
According to India-based market advisors Straits Research, global footwear sales were USD389.23 billion in 2022 and are projected to ...
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