What Is the Supply Chain Crisis and How Is It Affecting Footwear This Year?

This earnings and holiday season, the supply chain crisis is dominating every conversation.  Port congestion, factory shutdowns and labor shortages are all a part of the problem, which experts say could last through 2023. In some cases, the delays are putting certain brands and retailers in jeopardy of missing crucial inventory targets. While supply chain issues aren’t a new concept, many consumers are only now facing the impacts of product shortages and inflation. As the holidays near, FN has rounded up our supply chain coverage to explain how it began and how it is affecting the footwear industry and consumers. What is causing the supply chain crisis? At Sourcing Journal’s Inflection Point Summit, top supply chain and industry exerts explained how supply chain problems came to be. Eugene Laney, president and CEO of the American Association of Exporters and Importers (AAEI), pointed out that there were already existing problems when things took an unexpected turn amid the pandemic. For example, the U.S. was dealing with a tense trade relationship with China and ongoing infrastructure issues. Once demand for certain products started to increase in the pandemic, the stage was set for a perfect storm of issues. Did the pandemic cause the supply chain crisis? Given existing issues in the

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