Nicaragua earmarked as rising star for footwear exports
Monday, April 16, 2012
The Footwear Distributors and Retailers of America, in its recently published 2012 Annual Footwear Sourcing Forecast, showcased Nicaragua as a "rising star" with great potential to increase its footwear exports to the United States.
According to the 2012 forecast, US footwear imports from China accounted for 85.3 percent of all footwear imports in 2011, the lowest market percentage in seven years.
That's why the United States should seek to restructure its sourcing strategies and options due to China's increasing prices, shortages in labor and increased compliance costs, and keep an eye on Cambodia, Bangladesh and Nicaragua.