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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