FDRA promotes production diversification
During the peak of tension between China and the United States, FDRA's President and CEO, Matt Priest, stated that footwear companies must now consider options beyond the Asian country and diversify their production.
The footwear sector still maintains a significant dependence on China, which accounts for around 60% of the total volume, despite being a low figure compared to recent performance.
Among the members of the organization who visited the Asian continent, some expressed interest in Vietnam, as well as Indonesia and Cambodia, as reported by Priest. The leader considered that the diversification of production should be a strategic plan.