Home / Knowledge / News / APLF-SauerReport to address Hide Market Crash
APLF-SauerReport to address Hide Market Crash
26
Mar '09
These are challenging times for the Leather Industry.A chronic over-supply of raw materials is impacting dangerously on the market. The situation will likely get worse - certainly in the near future and likely in the medium to longer term.

The Hide Market Crash is the ripple effect of the global economic crisis: plummeting sales in the automobile and household furniture sectors, both big leather consumers, caused a radical decline in demand for animal skins. A similar trend followed in other leather articles like apparel, small leather goods and footwear.

What can be done to ameliorate the situation? theSauerReport is co-organising a brainstorming session with APLF, where top industry professionals will exchange ideas, experiences and solutions.

The seminar will address concerns such as:
- how the industry will deal with the lowest raw material prices ever seen
- what to do with the world-wide surplus of raw material
- how to resolve all the financial and contractual problems that the crisis has already caused
- how consumer demand will develop

The Hide Market Crash: Implications on the Leather Industry
This primary cause of the problem of today is disparity in supply and demand. Hides and skins are available in only very slightly lower numbers but demand for leather may be down as much as 30 - 40% over all.

"The leather industry has no control over the supply of its raw material. As long as there is a demand for meat - and there is, in spite of the crisis-its by-product, hides and skins, keep coming in hundreds of thousands, every day," notes Ron Sauer, founder of theSauerReport.

Cattle hides, which are the source of 70% of global leather production, have lost about 50% of their value since October 2008. Tanners saw their orders reduced tremendously by the reduced demand for the final products.

Businesses now are trying to survive in midst of chaos. Orders were cancelled or renegotiated at much lower prices, shipments and payments were delayed, factories closed, workers made jobless, essential credits cancelled and reduced.

The leather industry is facing serious and dangerous challenges ahead. Isn't it time to address these problems together?

Seminar Information
When: Thursday, 2 April, 10:30am to 12:30pm
Where: Room 607 Hong Kong Convention and Exhibition Centre

Agenda
Opening and introduction to today's problems and the objectives of the meeting by Ron Sauer of www.theSauerReport.com

View from China and the International Hide Skin and Leather Traders Association (ICHSLTA) by Mme. Zhang Shuhua, Chairman of the China Leather Industry Association (CLIA) and President of ICHSLTA.

View from the United States and what happened to the China/US hide market relationship by John Reddington, President of the US Hide, Skins and Leather Association.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search