Influx of foreign footwear complicates local industry
In the first two months of 2024, production value fell by 350 million Mexican pesos, representing a negative performance of 14% compared to the same period last year.
Additionally, footwear manufacturing contracted by 1.5 million pairs, according to Mauricio Battaglia Velázquez, president of CICEG, who blamed the influx of Asian products.
In Guanajuato, the sector is feeling the impact of undervaluation, piracy, smuggling, and e-commerce platforms and imports.