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Steve Madden, Wolverine World Wide show fancy supply chain footwork

China 2900 Cons. Discr. - Apparel 449 Cons. Discr. - Retailing 414 Earnings 667 Mexico 839 Quote Watch 438 U.S. 5201 Vietnam 343

The footwear industry faces “continued supply chain disruption across the globe” according to Steve Madden’s CEO, Edward Rosenfeld. While the firm has made “a big move out of China” in recent years, shipments from China still represented 82.6% of U.S. seaborne imports linked to the firm in Q2’21. Steve Madden’s production is also exposed to factory closures in Vietnam which account for “pretty much all of our first tier products”. Wolverine World Wide’s CFO, Michael Stornant, has flagged that the firm also faces disruptions but has “a nice diversification of sourcing supply outside of Vi...

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