Vietnamese-Italian Partnership Advances Sustainable Footwear Production for European Market

The footwear industry is currently navigating several challenges and strategic developments globally. Cirql, a Vietnam-based company, has partnered with Italian firm Frasson to supply sustainable recycled polymer midsoles and outsoles to European brands, advancing eco-friendly footwear solutions. Meanwhile, rising crude oil prices amid the Israel-Iran conflict have pressured footwear firms to bring in inventory early to avoid tariff hikes and potential fuel surcharges, with companies like Nike and Steve Madden implementing modest wholesale price increases. The ongoing conflict also disrupts Israeli footwear firms' operations, forcing store closures and limited production to prioritize employee safety, as seen with distributors like Tammuz Group and manufacturers such as Naot. Additionally, the counterfeit sneaker market is thriving, especially online, fueled by leaked components from subcontracting factories and creating significant challenges for brands like Nike to police authenticity effectively. Lastly, Venezuela is taking steps to strengthen its national footwear industry by fostering collaboration across the production chain to boost sustainable growth.