Industry Analysis & Industry Trends
Despite the economic recovery, the industry is not forecast to show signs of consistent improvement over the next five years. This is due to retailers' increasing price-setting powers pushing footwear wholesalers out of the industry. Furthermore, an increase in cheap imports will cut into domestic sales and wholesalers will be forced to slash prices and wages just to stay competitive, causing profit to suffer... purchase to read more
Industry Report - Industry Investment Chapter
Historically, the Footwear Wholesaling industry has been labor intensive. Much of this labor has been used for administrative tasks such as selling or managing stock, and for physical tasks like moving stock. These roles do not add much value to the products, and as a result, advances in computer technology have been able to automate an increasing number of these tasks. IBISWorld estimates that the industry uses $0.03 for capital investments for every dollar spent on labor in 2014.
Technology is used for stock control, inventory management and supply chain management... purchase to read more