Challenges and Impact on the Footwear Sector in the UK

Report

Table of Contents
INTRODUCTION ..........................................................................................................................3
Key issues....................................................................................................................................3
Categorizing the issue by using PESTLE model.........................................................................4
Positive and negative impact on the business..............................................................................5
Reflection.....................................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Footwear sector is one of the major segment of the Footwear Industry in the specific
country. The sector involves manufacturers and distributors of boots, shoes, scandals, sneakers
and other types of footwear. The purpose behind manufacturing footwear is t comfort and protect
human foot while the wearer is performing different activities (Crisp and Powell, 2017). The
sector is facing various types of issues that impacts the profitability of the business. The Report
will outline issues that are affecting footwear sector of UK, use of PESTLE model to categorize
the issues, impact of issues on business, reflection that describes challenges faced while
preparing the report etc.
Key issues
There are various types of challenges that are affecting the footwear sub sector. These are
as follows -
Increasing demand :
The demand of footwear has increased from previous years. Due to this, the footwear
sector of UK is grown in year 2018-19 as compared with last five years. The interest of people
have been increased in high quality footwear manufactured by footwear manufacturers which is
the major reason behind expansion of footwear industry as firms has targeted to increase their
presence in foreign countries as well. The increase in the demand is for the women leather shoes,
men's leather boots and shoes, slippers, women's boots, infant's footwear etc. The increase in the
demand for designer shoes, sports shoes are the main cause behind the growth of footwear
market. The demand for footwear comprises different types of footwear for consumers belonging
to all types of age categories (Footwear Market, 2018).
Due to increase in demand, manufacturers are now more focussing on adopting
innovative technologies for manufacturing better quality footwear for the customers. The male
segment has accounted for highest market share of the footwear market at global level. However,
the segment of women is forecasted to grow with better growth rate in coming years. Therefore,
it provides various opportunities of growth and development of companies that are involved in
manufacturing and distributing footwear products.