DROP IN GLOBAL FOOTWEAR PRODUCTION
By Amit Chopra In 2023, global footwear production decreased by 6% to 22.4 billion pairs, marking the lowest point in a decade, excluding the pandemic years of 2020 and 2021. The industry remains heavily concentrated in Asia, where nearly 9 out of every 10 pairs of shoes are manufactured, accounting for 87.1% of global production. China […]
