Leather industry must reassess dependence on China

May 3 leather business in its website business released the latest issue of leather market information report, the core content of this report is, leather industry need to "re-evaluate" the dependence on China.

The 21st century China leather industry has created a great success story, at present, China is the world's largest leather production country, is also leather and leather products largest consumer country.

But the "market information" report said, the reliance on China has always been seen as the basis of security politics and social partnership, but economic interests do not necessarily mean stability". The current background is the Russia-Ukraine conflict and the Chinese government to implement regardless of the economic cost of insisting on the epidemic "zero" seal control management.

These two factors have brought extreme uncertainty to global markets, and the expectation of an early end to this challenging period and a return to the past" seems to be a luxury. In addition to Russia, some countries are beginning to reflect on the risks of their economies becoming too dependent on China," the report said. For now, the tannery industry's dependence on China is not yet so severe that it is impossible to reverse."

It won't happen overnight, but global brands are rethinking their strategies, "exploring different production options" is on the agenda, and over time it is becoming clear that brands must rethink their supply chain positioning.

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