Rising Labor Costs Have Led Shoe Companies To Face Serious Challenges.

For China, which has a population of 1 billion 300 million, the abundant labor force has become the resource of global manufacturing industry scrambling for grabbing. The name of "world factory" has long been known far and wide.

In particular, the major industries represented by "made in China" footwear products are internationally.

But in recent years, due to the influence of economic factors at home and abroad, many manufacturers who invest in factories in China have gradually fallen into difficulties.

In the slow and unstable recovery stage after the global financial crisis, China has seen a relatively rapid growth.

On the other hand, as China's aging population is becoming more and more obvious, the proportion of the population entering the labor market is shrinking, and the value of the vigorous labor force is increasing day by day.

The growth of labor cost has become an inevitable fact. This will be a severe test and challenge for the shoe industry that needs human resources. How to control labor cost and realize pformation and upgrading of production mode has become a pressing imperative for all major enterprises nowadays.

In the era of increasing labor costs, China's shoes will be changed in the world, but this does not mean that Chinese shoes have completely lost their advantages, and the objective conditions such as a complete industrial chain and high occupancy rate make China's footwear industry still occupy a favorable position in the market.

China's shoe enterprises can only overcome their difficulties and regain the global competitiveness by changing their labour costs and changing their production and operation modes.