Since the beginning of this year, the traditional manufacturing industry has been faced with factors that are not conducive to development, such as rising labor costs, rising raw material costs, and so on, resulting in shoe companies having to raise their quotations. This will inevitably lead to the loss of orders from some new customers, which will reduce the profit level of the footwear industry as a whole, and the original advantage of the domestic footwear industry is gradually turning into a disadvantage.

It is understood that the rising price of raw materials is the biggest pressure facing the footwear industry. Every change of raw material prices affects the whole industry chain.

From the beginning of this year, cotton prices surged 20% to 30%, rising from 11 thousand yuan per ton at the beginning of last year to more than 17 thousand yuan per ton.

Faced with the gradual increase of raw material prices, the pressure on footwear industry is also increasing, making shoe making business feel pressure.