Footwear Market will Showcase Negative Impact during 2020-2024 | Design and Material Innovations to Boost the Market Growth
Technavio has been monitoring the footwear market and it is poised to grow by $ 42.06 bn during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Footwear Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, ASICS Corp., Burberry Group PLC, New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Design and material innovations have been instrumental in driving the growth of the market. However, rising labor cost and fluctuating raw material prices might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent
TOKYO (Reuters) – Japanese household spending is expected to have fallen for a 11th straight month in August, a Reuters poll found on Friday, suggesting the coronavirus crisis is still weighing heavily on consumer confidence.
Analysts say the economy is rebounding gradually after suffering its worst post-war contraction in the second quarter, but the jobs and wage situation remain weak.
New COVID-19 cases in Japan have been on a general downward trend recently but appear to be levelling off.
Household spending likely fell 6.9 % in August from a year earlier, the poll of 14 economists showed, after a 7.6 % fall in July.
Compared with the previous month, household spending is forecast to have risen 3.2% in August from a 6.5% decline, the poll found.
“As the coronavirus cases resurged in Japan, people’s self-restraint stance towards spending on entertainment and tourism persisted,” said Takeshi Minami, chief economist at Norinchukin Research Institute.
Wage pressures such as lower summer bonuses are expected to result in lacklustre consumer spending for some time, he added.
The government will announce household spending data at 8:30 a.m. on Oct. 9 (2330 GMT, Oct. 8).
The government is continuing to urge restaurants and shops to take measures to prevent infections, such as giving enough distancing and good ventilation to customers.
Other data next week is expected to show the current account balance was in a surplus of 1.98 trillion yen ($18.74 billion) in August, up from 1.47 trillion yen in July, partly helped by a pickup in exports on the back of the global economic recovery, analysts said.
The finance ministry will release the current account balance on Thursday.
(Reporting by Kaori Kaneko; Editing by Kim Coghill)
Twitter said it’s working on adding transcriptions to voice tweets in order to make the feature, which it, more accessible. This comes after many criticized the social media platform for not taking all users’ needs into consideration before the release.
“We’re rolling out voice Tweets to more of you on iOS so we can keep learning about how people use audio,” the company said in a tweet on Tuesday. “Since introducing the feature in June, we’ve taken your feedback seriously and are working to have transcription available to make voice Tweets more accessible.”
When Twitter first rolled out voice tweets, many took to the platform to voice their concerns about the company not making the feature accessible to people with disabilities.
“We’re sorry about testing voice Tweets without support for people who are visually impaired, deaf, or hard of hearing,” the company tweeted in June. “It was a miss to introduce this experiment without this support. Accessibility should not be an afterthought.”
At the time, Twitter added it had “fixed several issues related to vision accessibility, including making voice Tweets identifiable on the timeline and making accessibility improvements to the voice Tweet experience.” The company also mentioned then that it was looking into ways to support manual and auto transcriptions.
Tech companies are coming under increasing pressure to address. During a recent House committee hearing on the dangers of social media, former Facebook executive Tim Kendall told Congress that the company intentionally made its product as as cigarettes.
Kendall, CEO of time-management app Moment and former director of monetization for Facebook, told the hearing held by the House Committee on Energy and Commerce: “Tobacco companies initially just sought to make nicotine more potent. But eventually that wasn’t enough to grow the business as fast as they wanted. And so they added sugar and menthol to cigarettes so you could hold the smoke in your lungs for longer periods, At Facebook, we added status updates, photo tagging, and likes.”
During an interview on CBSN, Kendall told CBS News’ Lana Zak that it all boils down to the social media giant’s advertising-based business model, in which the “objective is to get more people to pay attention to your product and to pay attention longer each and every day.”
“So what’s happened is you basically have an advertising business model that’s combined with just ever-growing, ever-more intelligent technology, and that combination is really potent,” said Kendall. “What it’s leading to is a product that’s just fundamentally addictive for people, and it’s causing all kinds of mental health issues, and I think it’s eroding aspects of society.”
While users attacking one another on social media is nothing new, Kendall believes social media sites are tearing people apart very quickly.
“At the very least, we have eroded our collective understanding — at worst, I fear we are pushing ourselves to the brink of a civil war,” he said during the hearing.
With just a little over a month until Election Day, there have been serious concerns raised over Facebook’s role in
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When Google announced last month it was pulling the plug on a lease for a new office space in Dublin, Ireland, it set off alarm bells.
Google is a large presence in Dublin’s “Silicon Docks,” where it holds its European headquarters, a part of the city around the docklands area where a who’s who of Big Tech are located, including Facebook, Twitter and Airbnb.
But during the coronavirus pandemic and with the need for remote working, questions are being raised about the viability of large office spaces. Google said it remains committed to Dublin — where it has over 8,000 workers — and has purchased two more buildings that it still plans to fill.
The commercial property market in Dublin slumped in the second quarter as the country was in the depths of lockdown, according to real estate firm CBRE, which reported just 15 office leasing transactions in that period.
Marie Hunt, head of research at CBRE, told CNBC there is likely to be a slowdown in new office deals in the coming months because of Covid-19, but also because “tech occupiers tend to retrench in a presidential year.”
Government agencies have been unable to carry out site visits and tours to woo companies to invest, and Hunt said this was causing a “weakening in take up.”
Shane Fleming, a property expert and the founder of Fleming Real Estate, said that this trend is not unique to Dublin but that the Irish capital still has several large office deals signed and in progress, pointing to ongoing expansions by Amazon and LinkedIn.
TikTok, according to reports, is seeking a large office space in the capital for up to 5,000 people.
Fleming added that housing shortages for workers in the city as well as planning policies