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Employment: stabilisation is the word for the footwear industry
In the latest edition of the World Footwear Business Conditions Survey, two-thirds of our panel members responded that they believe the level of employment will stabilise in the next few months. Get free access to the report with the main conclusions
Regarding expectations for the employment evolution over the next six months, the current survey edition reflects an overall optimistic perspective.
Among the respondents who shared their views, those anticipating an increase in the number of people employed exceeded by 29.8 percentage points those expecting a decline. However, it's noteworthy that the most prevalent response is "stabilise" (66.0%).
Notably, there are no significant disparities among respondents from different lines of business or organizations of varying sizes. However, respondents in Africa and Asia demonstrate a notably higher level of optimism compared to those in Europe and North America.
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Contents
Executive SummaryBusiness Context
Health of the Business
Employment Level
Prices
Quantity
Difficulties
Retail Channels
Expectations about the Evolution of Footwear Consumption in 2024
Footwear Consumption to Increase 9.5% in 2024
Impact of COVID-19 on the Location of Footwear Production
About Survey
About the Survey
In 2019 the World Footwear has created the World Footwear Experts Panel and is now conducting a Business Conditions Survey every semester.
The objective of the World Footwear Experts Panel Survey is to collect information regarding the current business conditions within the worldwide footwear markets and disseminate this information to provide an accurate overview of the situation of the global footwear industry.
The ninth edition of this online survey was conducted during the month of November 2023.
We have obtained 118 valid answers, 41% from Asia, 32% from Africa, 18% from Europe, 6% from North America and 4% South America. About 40% of respondents are involved in footwear manufacturing (manufacturers) or footwear trade and distribution (traders) and the other 60% in other footwear-related activities, including education and research (14%), trade associations (12%), consultancy (9%) and other activities (25%).
Previous Editions of this Bulletin can be found HERE