China Supplier Strike Brings Global Shoe Industry Facing Crisis

In the past two weeks, Prada SpA Prada group, Nike Inc. (NYSE:NIKE) Nike group and Adidas AG (ADS.DE) Adidas and other global apparel giants Stella International Holdings Ltd. nine Xing Holding Co., Ltd. and Yuyuan group in the Pearl River Delta city of Dongguan in China's factory in a continuous strike, the strike is still the workers' concern for social security and provident welfare issues.

Yu Yuan is the largest in the world.

Acting for Industry and commerce,

It is the world's largest supplier of fashion shoes, and the strike of the two factories in Dongguan has made global shoe manufacturers nervous.

According to WSJ\Reuters and other media reports, the nine Xing group is located in Xingang and xingxiong of Dongguan.

Thousands of workers have been on strike since March 10th, but the nine sides denied thousands of people, saying only "hundreds of people".

Yuyuan strike has started since last year and has received the attention of the Ministry of human resources and social affairs.

According to the data, in 2014, nine Hing's footwear products shipped up to 53 million 100 thousand pairs, accounting for about 60% of the high-end fashion shoes in the world. Apart from the well-known Prada Prada brand, Burberry Group PLC (BRBY.L) Boboli, Michael Kors Holdings Ltd. (NYSE:KORS), and the brand shoes products of the group of LVMH, including the LVMH group, the company, including the group of 10, including Xingang, Xinglai, Xingpeng, xingxiong, Xingli, Xingtai and so on, the total number of employees is about 10000.

Yuyuan's annual shipments are more than 200 million, and its employees exceed 400 thousand.

Although the OEM business of Taiwanese, Hong Kong and Chinese capital has been shifting outward in the past five years, the capacity of other Southeast Asian countries is still weak, and China is still the most important manufacturing market. With the continuous protection of industrial workers, many manufacturers and representatives of the industry and commerce are concerned about this situation, because once the strike continues, the global apparel industry will be deeply affected.