Topic > Essay on Footwear Industry - 948

For example, the industry's gross profit decreased by about 1.50 percentage points in 2011, followed by a 15% increase in the price of synthetic fiber. Recently, synthetic rubber values ​​have been declining since the second quarter of the year. (S, N. 2015). Over the five years to 2014, the synthetic fiber manufacturing sector experienced a short lapse in comparison to the overall reduction that characterized the sector in previous years. If this sector were to stabilize, it could have a very positive impact on the footwear industry. And the recovery of the leather industry occurs in the situation of Canada after the recession and plays a vital role in the Canadian footwear industry, however the profits remain low in the current year. (S,