The American Apparel And Footwear Association Welcomes The Intervention Of The Federal Government.

The contract negotiations between West Coast docks and employers began in July last year. The delay in negotiations led to serious cargo accumulation on the west coast and delayed shipment. The AAFA is welcomed by the federal government in intervening in mediation.

Nearly half of overseas Imported shoes and Ready-made clothes Through the port of Losangeles and Long Beach entering the United States, labor disputes have delayed the delivery of imported products from the US footwear industry for 3 to 4 weeks.

"With the approaching peak of the import of shoes and clothing in spring, it is necessary for the Obama administration to intervene in the supervision of negotiations. If the situation is not alleviated, we need to act at any time." AAFA President Juanita Da organ said.

Previously, China Leather net has reported that in October last year, more than 100 American organizations, including AAFA, submitted applications for a solution.

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The euro continued to depreciate in recent months and hit a nine year low on Wednesday. For those exporting to or outside the euro zone, the benefits of the depreciation of the euro can completely offset the worries caused by low inflation. Favre Michel, chief financial officer of Faurecia SA, a French auto parts manufacturer, said the depreciation of the currency had benefited his company.

In recent years, European auto sales continued to slump. In order to maintain competitiveness, the company had to reduce its selling price by about 1.5% per year. However, the low Euro rate and the fall in energy, plastic and metal prices will help the company expand its profit margins. He said the lower the inflation rate, the better, because that means that the cost increase is limited.

De Cesar de Cesare, chief executive of French retailer Printemps, said that its flagship store in Paris barely managed to achieve 1-3% growth in 2014, thanks to the sluggish domestic consumer confidence. But he believes that the depreciation of the euro will improve the performance in 2015. He expects that the increase in consumption of foreign tourists will make up for the decline in consumer demand in France. The number of passengers is expected to increase in the future, and domestic consumption demand will surely shrink.

But the car effect of the euro's decline may be temporary, especially for companies that need to import raw materials or components from abroad, as the euro denominated raw materials and components are also more expensive as the euro falls. Tim Bendig, spokesman for Lenze SE, a German automation company and auto supplier, said that the positive effect of the euro weakness could be seen in the short term, but this positive effect will be offset by the increase in import costs by the end of the year.

The sharp depreciation of the euro has also challenged some strategic thinking of some companies. Geox, a shoe and clothing company in Italy, is now trying to accelerate its expansion plan in the us with the current exchange rate conditions. At present, North American sales account for only 6% of the company's total revenue. In the short span of a few months, the world is very different, says Giorgio Presca, CEO of health. He said all the plans need to be discussed very carefully.

Exchange rate fluctuations, sharp decline in Russian sales and sluggish sales in Latin America have made it more urgent for us to increase revenue in the US. Presca said: Although our business in the US market is very small, the market can not be ignored now. The current US dollar exchange rate has definitely increased the attractiveness of the US market.