Leather Pipeline: how we got to where we are today
30/06/2015
Unlike the last major downward trend in 2008-2009, the report makes it clear that this situation is not the result of what is happening in the world of finance, but is solely the result of what has happened in the leather pipeline itself.
It says warning signs were apparent in 2014 that raw material prices had gone too high. The trade failed to read them correctly and pushed away too many potential buyers of finished leather as a result.
To read the full report, please visit the Market Information section of the website.