Founder & CEO at Nanwang Anti-mold Prevention Solutions World-class mold prevention products and service solutions for the retail and manufacturing industries
Navigating the waves of change, shoe manufacturers are witnessing the dawn of recovery in supply chains. 🌅👞🔗 #Nike's supplier, Feng Tai, reported a rise in July revenues, hinting the return of warm prospects. The consolidated revenue for July showcased a 6.8% month-on-month and 8.4% year-on-year growth, hitting NT$7.78 billion - the highest since November 2019. This points towards a steady increase in orders and shipments as inventory adjustments approach completion. 📈📦 In the same vein, Yue Yuen, a fellow manufacturer, reported a consolidated revenue of NT$17.14 billion in July, reflecting a 30.99% month-on-month growth, albeit an 18.01% year-on-year decline. Nonetheless, it's the second highest revenue for July in the company's history, with the year-to-date revenue through July marking NT$113.84 billion - the second highest for the first seven months on record. 💼💪 As a leading Taiwanese shoe OEM/ODM with more than 50 international brand clients, Yue Yuen's positive figures are a sign of rising demand. 🌐🤝 Meanwhile, a significant development is underway at Indonesia's Batang Integrated Industrial Zone (KITB) - a new production base set to open in 2024. 🏭🌆📆 Yih Quan Footwear Indonesia, a Taiwanese shoe manufacturer, is investing US$80 million in a 16.4-hectare factory, planning to kick-start production in Q1 2024. The company is in the process of recruiting employees. 👷♂️👷♀️ Working in partnership with Indonesia's Ministry of Manpower, KITB aims to offer certified skills training for potential hires from surrounding communities, reinforcing Yih Quan's dedication to contributing to local workforce and area. 🤝💼🎓 These initial indications of recovery, along with the new production capacity coming online, draw a promising landscape for the shoe manufacturing industry. I'd love to hear your insights on these recent advancements. Drop your thoughts in the comments!💭👇 #ShoeIndustry #SupplyChain #Manufacturing #Recovery Nanwang Anti-mold Prevention Solutions Vision: Become the world's leading eco-friendly mold prevention service provider, leading the industry towards sustainable development. Vision: Become the world's leading eco-friendly mold prevention service provider, leading the industry towards sustainable development.
Professional with International Experienced in Manufacturing
1yGreat Cooperation 👍 I hope the Shoe Industry in Indonesia will grow rapidly...