Portuguese footwear industry ready to expand
A new strategic plan has been unveiled by the Portuguese Footwear, Components and Leathergoods Manufacturers’ Association (APICCAPS). As part of this endeavour, the industry is expected to invest EUR 600 million (USD 633 million) during the next eight years in what is being described as ‘another decade of growth’.
Within The Strategic Plan of the Footwear Cluster 2030, the organisation sets out four key priorities: ‘qualification of people and companies’, ‘sustainable products and processes’, ‘flexibility and quick response’ and ‘strong presence in the markets’. In addition to these, 24 measures and 113 concrete actions have been identified as necessary to reposition Portuguese shoemakers as competitive players within the international scene. Companies working within the nation’s footwear sector already reportedly export over 95 per cent of their production to 172 countries around the world.
The document also highlights the importance of sustainability, stating that Portugal’s shoemakers must apply the utmost effort to this subject, thus turning it into one of the industry’s essential competitive arguments.
“This plan is more than a vision – it is a commitment of the sector to strengthen its competitiveness internationally and continue generating value for our country,” commented APICCAPS president Luís Onofre, who is shown above.
This article was originally published on page 3 of the December 2022 issue of SATRA Bulletin.