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Strong health of the footwear business is expected in the coming months
Although COVID-19 is still dominating most of our conversations and making headlines in the news, most of our panel experts believe that businesses will have a positive evolution. Read about this in our most recent bulletin of World Footwear Business Conditions Survey
The sentiment in the industry improved markedly in the last semester. Most of the respondents to the fifth edition of the World Footwear Business Conditions Survey think that the health of their businesses in the next six months is going to be either strong (46%) or very strong (13%), whereas only 15% expect it to be weak.
Asian respondents are particularly upbeat, with 29% of them expecting that the health of their businesses will be “very strong”, while in Europe this percentage is only 4%.
Manufacturers’ answers are more homogeneous, with 55% forecasting “strong” health, with distributors having more diverse opinions, with higher percentage of both “very strong” and “weak” opinions.
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Contents
Executive SummaryBusiness Context
Health of the Business
Employment Level
Prices
Quantity
Difficulties
Types of Footwear
Possible Explanations
Retail Channels
Post-Pandemic Expectations
Footwear Prices to Grow 20% Until 2025
Footwear Business not Expected to be Carbon Neutral by 2050
About the Survey
About the Survey
In 2019 the World Footwear has created the World Footwear' expert 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 then to redistribute such information in a way it will provide an accurate overview of the situation of the global footwear industry.
The fifth edition of this online survey was conducted during the month of October 2021. We have obtained 122 valid answers, 43% coming from Europe, 30% from Asia, 13% and 7% from North and South America, respectively, 6% from Africa and 1% from Oceania. Half of respondents are involved in footwear manufacturing (manufacturers) – 31% – or footwear trade and distribution (traders) – 19% – and the other half in other footwear-related activities such as trade associations, consultancy, journalism, etc. (others).
Previous Editions of this Bulletin can be found HERE
