Skills and Low-cost Benefits Underpinning China Footwear Industry
Released on: July 1, 2008, 12:06 am
Press Release Author: Shushmul Maheshwari
Industry: Retail
Press Release Summary: With advantages of low production cost and technical skills, China is expected to remain the world’s largest producer and exporter of footwear, says RNCOS report.
Press Release Body: According to “China Footwear Market Analysis”, a new market research report by RNCOS, the footwear production industry is now shifting towards Asian countries due to the huge availability of raw material and low cost of production in these countries, especially in China, the largest footwear producer.
As per the report, a large pool of skilled labor available at substantially low cost in China is proving advantageous, particularly for the labor-intensive industries such as footwear and leather goods manufacturing. Also, China is one of the lowest cost footwear producers among the major footwear producing countries, says the report. In addition to low-cost, the country also boasts of the largest technically-trained human resources in leather craft across the globe.
Apart from this, operating conditions in the Chinese footwear industry also distinguish it from other countries. The footwear industry is not restricted by ethical issues and red tape and gains from the protective political rule with rather compliant workforce and low labor unrest.
Supported by the technical skills and low cost benefits, China has gained a competitive edge over its competitors, becoming the largest exporter of footwear worldwide. And in the absence of a close competitor, the country is expected to retain its status of the largest footwear exporter in near future.
The research study “China Footwear Market Analysis” provides detailed analysis and data on the footwear industry of China to help client in identifying the opportunities to tap in the Chinese footwear industry. It presents a rational and objective forecast on per head disposable income and volume of footwear retail sales in the country. The forecast given in the report is based on a correlation between past market growth and growth of base drivers and gives a direction to clients in which the industry is likely to move.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today\'s globally competitive environment.
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