16 June 2022
A new edition of our fortnightly newsletter, Leatherbiz Market Intelligence, went live on June 14 and is available for subscribers to read in the Intelligence section of the website.
This edition makes the point, not for the first time, that the global leather industry is in “an extremely difficult phase” at the moment. It also says that without hard work, good ideas and initiatives, as well as a lot of commitment, it will be very difficult to get back on the road to success.
The difficulty is that high production costs, logistical problems and geopolitical unrest are likely to remain in place for some time. In the face of these challenges, in addition to this being the industry’s traditionally quiet period, the report suggests some leather manufacturers may withdraw from production, either because they are forced to or do so voluntarily.