Venezuela
Venezuelan footwear industry calls for a financing plan
Following the 25th edition of the Latin American Footwear Forum, we spoke with the President of the Venezuelan Chamber of Footwear and Components (Cavecal), Tony di Benedetto, about the challenges and expectations of the country’s footwear industry
Venezuelan footwear production expected to grow by 20% in 2023
Venezuelan footwear production may increase by about 20% this year, says Tony Di Benedetto, President of Cavecal, but growth can be compromised if industry and trade conditions do not improve
Venezuelan footwear production supplies 25% of domestic demand
Despite encouraging figures concerning footwear production, CAVECAL notes that high production costs and bank financing restrictions are the main reasons holding footwear companies back
Latin America: footwear associations raise their concerns
Argentina, Brazil, Colombia, Chile, Ecuador, Guatemala, Mexico, Paraguay, Uruguay and Venezuela got together and issued a statement with their concerns arising from the impact of Covid-19 on the footwear industry
Singapore: most competitive economy
Singapore has ranked as the world’s most competitive economy for the first time since 2010, according to the IMD World Competitiveness Rankings, as the United States slipped from the top spot and economic uncertainty took its toll on conditions in Europe
Venezuela orders stores to get into the Christmas spirit
One of the world's highest inflation rate has led to a low level of disposable income for Venezuelans, in an economy struggling with chronic shortages of goods
Footwear industry in Venezuela hit with lack of hides
The national footwear industry association Cavecal said that the quantity of country’s hides available for its members is not sufficient to fill the needs of the industry- 1
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