Industry Analysis & Industry Trends
Over the next five years, operators in the Shoe and Footwear Manufacturing industry will continue to feel the heat from imports. Shoe manufacturers are increasingly offshoring their production to lower-cost countries, and cheap imports will satisfy a growing proportion of domestic demand. As a result, any gains in revenue will be marginal. To stay afloat, operators will establish their presence in niche markets and continue to consolidate operations... purchase to read more
Industry Report - Industry Locations Chapter
Footwear manufacturers that locate in the New England region of the country greatly benefit from economies of scale. While only 12.6% of establishments set up shop here, they bring in 19.4% of total industry revenue. This disparity signifies the region's proximity to international trade ports and access to low-cost inputs. Similarly, footwear factories established in the Great Lakes region can take advantage of scale economies - the area holds only 9.0% of all locations, but brings in 16.6% of revenue. Chicago has historically been a hub for transportation around the country, so manufacturers that set up shop in the state benefit from low transportation costs.
On the other hand, the manufacturers in the West incur higher costs on average... purchase to read more