Footwear - How the War with Iran is Impacting the Footwear Sector
Soaring oil prices could result in rising shoe prices in about a three-month timeframe.
With the price of oil dominating headlines, costs for shoe firms are likely going up — but by how much may not be known for another three months.
In a Tuesday webinar hosted by the Footwear Distributors and Retailers of America (FDRA), president and CEO Matt Priest noted that there are at least 25 different inputs where oil is a direct part of the process that is used in footwear. These include thermoplastic polyurethane and other types of foam that into cushioning, polyvinyl chloride, polycarbonite, synthetic textiles, polyester fabric, nylon fabrics, to name a few.