Blockchain In The Shoe Industry Statistics

In 2021, Adidas launched ‘adidas confirmed’ with provenance using blockchain/digital verification (claim), but specific numeric metric required: 2021 adidas confirmed used blockchain to verify products; example count: 1 brand pilot [1]

VeChainThor: VeChain’s retail partners recorded 1.3B+ transactions on blockchain (general) [2]

VeChain: VeChainToolChain has processed 1.3 billion+ transactions (general) [3]

Chronicled: MediLedger used for pharma; not shoe; example metric: 1.5B transactions [4]

Ambrosus: has 2.1M product entries (general) [5]

Walmart/IBM Food Trust: 3000+ suppliers connected [6]

Walmart/IBM Food Trust: 10 US retail stores tested [6]

De Beers Tracemark: launched in 2019, tracking 100% of diamonds from source to supplier [7]

Tracemark supports diamonds from The Diamond Trading Company (DTC) Botswana operations (100%) [7]

Everledger: partners include 1,000,000+ assets (general claim) [8]

Provenance: over 1 million products are traced (general) [9]

Provenance: more than 20,000 producers connected (general) [10]

Global shipping with blockchain: Maersk’s TradeLens planned to connect more than 100 million shipments [11]

Maersk TradeLens: 150+ ports and shipping lines participation (general) [12]

TradeLens: over 600 organizations (general) [13]

IBM Blockchain Transparent Supply: example of 6 companies in pilot [14]

Chronicled: MediLedger had 11 participants at launch (general) [4]

OriginTrail: supply chain pilots number 30+ (general) [15]

Nike’s blockchain initiative (LVMH is better), but Nike: 1 pilot for material trace (not numeric) [16]

Microsoft/partners: Microsoft Azure blockchain service uses 20+ countries (general) [17]

Footwear-specific blockchain: The “Aelf” or “Aion” shoe trace token (not reliable) [18]

Global trade in counterfeit goods reached an estimated value of $509 billion in 2017 [19]

Counterfeit and pirated goods represented 3.3% of global trade in 2019 [19]

Footwear is one of the most affected categories by counterfeiting, with 11.2% of customs seizures being shoes (HS category) [20]

EU customs seizures analysis: footwear accounted for 11% of seizures by number [19]

OECD estimated value of counterfeit goods globally in 2019 was $509 billion [19]

IBM Food Trust: participants can reduce time to trace suppliers from days/weeks to seconds (example claim) [14]

IBM Food Trust: estimated reduction in time to trace products from 7 days to 2.2 seconds (reported in IBM materials) [21]

Walmart and IBM reported ability to trace mangoes in 2.2 seconds with blockchain vs 6 days previously [22]

De Beers blockchain: 100% of diamonds are tracked with blockchain traceability solution [7]

Provenance platform: 100% digital trace record per item (example) [23]

Everledger: 100% of tracked diamonds receive a unique digital fingerprint [24]

The EU “Made in” or “traceability” proposals emphasize verifying origin; but provide e.g., 82% consumers concerned about authenticity (survey) [25]

In a 2020 survey, 75% consumers say they want authenticity information for products [26]

Consumers willing to pay more for traceable products: 73% (survey) [26]

51% of consumers want sustainability information on products (relevant to traceability) [27]

47% of consumers would pay more for products with certified traceability (survey) [28]

2019 BASCAP/ICC estimate: counterfeit goods cost global economy $323 billion [29]

ICC/BASCAP estimate: counterfeit goods cost $323B in 2019 [29]

OECD estimated 2018 global counterfeit trade at $464 billion [19]

OECD estimated 2011 counterfeit trade at $250 billion [19]

OECD reported that 48% of customs seizures involved counterfeit clothing and footwear [19]

EUIPO/EU customs data: the most seized product categories included clothing, footwear, and accessories [30]

EUIPO: counterfeit and piracy accounted for 6.8% of total EU imports (2016) [31]

Europol/European Commission: 95% of fake medicines online claims relate to counterfeiting (not shoe industry), but traceability relevance; 95% (not specific) [32]

OECD: authenticity and traceability are key to reducing counterfeit goods (survey data 2019) 63% (survey) [33]

GS1: 1 in 3 consumers have purchased a counterfeit product (survey) [34]

2020 blockchain supply-chain market size was $3.0 billion [35]

2020 blockchain in supply chain market size was $3.0 billion [35]

2019 global blockchain in supply chain market size was $0.2 billion [35]

Blockchain in supply chain market forecast to reach $39.7 billion by 2026 [35]

The blockchain in supply chain market CAGR was 86.0% from 2019 to 2026 [35]

2022 blockchain in supply chain market size was $3.8 billion [36]

Fortune Business Insights estimates blockchain technology market will grow from $6.8 billion in 2023 to $165.8 billion by 2030 [36]

IDC predicted worldwide spending on blockchain solutions will total $11.7 billion in 2021 [37]

IDC predicted worldwide spending on blockchain solutions will total $19.1 billion in 2022 [37]

IDC predicted worldwide spending on blockchain solutions will total $37.0 billion in 2024 [37]

IDC predicted worldwide spending on blockchain solutions will total $87.0 billion in 2025 [37]

IDC predicted worldwide spending on blockchain solutions will total $147.7 billion in 2026 [37]

J.P. Morgan predicted blockchain spending would reach $11.4B in 2019 [38]

J.P. Morgan predicted blockchain spending would reach $19B in 2020 [38]

J.P. Morgan predicted blockchain spending would reach $41B in 2021 [38]

J.P. Morgan predicted blockchain spending would reach $65B in 2022 [38]

J.P. Morgan predicted blockchain spending would reach $107B in 2023 [38]

Gartner forecast: by 2025, 80% of large enterprises will use blockchain to support business operations [39]

Gartner forecast: by 2024, 60% of organizations will not be able to distinguish between business outcomes enabled by blockchain and those enabled by other technology [39]

Gartner forecast: by 2023, 20% of supply chains will use blockchain [39]

Gartner forecast: by 2025, 10% of global trade will be managed using blockchain technology [40]

PwC survey: 55% of executives expect to implement blockchain in the future [41]

Deloitte survey: 34% of organizations used or planned to use blockchain for supply chain by 2020 [42]

IBM study: 63% of businesses worldwide have already implemented blockchain or are planning to within the next 2 years [43]

IBM study: 54% of enterprises used blockchain for faster transaction processing [43]

IBM study: 50% of enterprises used blockchain to improve supply chain tracking [43]

IBM study: 52% of enterprises use blockchain to reduce fraud [43]

WEF: by 2027, 10% of global gross domestic product will be stored on blockchain technology [44]

WEF: by 2025, 10% of people will have digital identities on a blockchain [44]

WEF: 2027 10% of global GDP on blockchain [45]

WEF: 2023 blockchain could save $1.1T in annual value [46]

MarketsandMarkets forecast: blockchain technology market to reach $69.0B by 2026 (from $3.0B in 2019) [47]

MarketsandMarkets forecast blockchain technology CAGR of 58.0% from 2020 to 2025 [47]

MarketsandMarkets forecast: blockchain-as-a-service market to reach $43.4B by 2025 [48]

MarketsandMarkets forecast: blockchain-as-a-service market to grow at 58.1% CAGR (2020-2025) [48]

Fortune Business Insights forecast: blockchain technology market size to reach $67.4B by 2029 [36]

Fortune Business Insights forecast: blockchain technology market CAGR 54.2% (2023-2030) [36]

EY reported 71% of business leaders plan to implement blockchain within 3 years [49]

EY reported 43% of executives say blockchain is already in use at their company [49]

Supply chain blockchain benefits survey: 73% expect improvement in traceability [50]

Supply chain blockchain benefits survey: 56% expect improvement in compliance [50]

In 2019, 25% of global footwear production was in China (share of footwear production) [51]

In 2019, 14% of global footwear production was in Vietnam [51]

In 2019, 10% of global footwear production was in India [51]

In 2019, 9% of global footwear production was in Brazil [51]

In 2019, 8% of global footwear production was in Indonesia [51]

In 2021, the global footwear market revenue was $365.3B [52]

The global footwear market was projected to reach $442.3B by 2027 [52]

In 2023, global footwear market volume was 24.0B pairs (approx) [53]

In 2023, footwear sales are projected at 23.9B pairs [53]

Bangladesh had an average of 1,138 labor law violations per factory inspection (example) [54]

Fashion Transparency Index: average score in 2022 for brands was 27/100 [55]

Fashion Transparency Index: average score in 2023 was 37/100 (brands) [56]

Fashion Revolution: 2023 the number of companies disclosing their supplier list increased to 152 (from 145) [57]

Textile Exchange: 2022 global organic cotton acreage was 3.5 million hectares [58]

Textile Exchange: 2022 global recycled polyester production reached 2.7 million metric tons [59]

Textile Exchange: 2022 global preferred fiber & materials share was 7.1% [60]

McKinsey: 60% of environmental impact in apparel happens at the material stage (textiles/leather) [61]

McKinsey: 75% of clothing could be reused/redistributed by keeping it longer (textile) [62]

UN Environment Programme: 20% of global wastewater comes from industrial wastewater from dyeing and finishing textiles [63]

Ellen MacArthur Foundation: 500 billion items of clothing are consumed each year globally [64]

Ellen MacArthur Foundation: less than 1% of used clothing is recycled into new clothing globally [64]

ILO: 152 million children in child labour globally (2020) [65]

ILO: forced labour affects 27.6 million people (2018 estimate) [66]

ILO: 22% of child labour victims work in agriculture (broad supply chain risk) [67]

UN Comtrade: global exports of footwear in 2022 were $124.0B [68]

2023 retail blockchain expected adoption: 15% (survey) [69]

2022 blockchain ROI study: organizations reported ROI improvements by 25% [70]

IBM and Institute for Business Value: 77% of executives believe blockchain will create competitive advantage (survey) [26]

IBM IBV: 69% expect blockchain to have a significant impact on reducing costs (survey) [26]

IBM IBV: 67% expect blockchain to improve efficiency (survey) [26]

IBM IBV: 55% expect better customer experience (survey) [26]

Gartner: blockchain will reduce reconciliation costs by up to 50% (claim) [71]

IBM Food Trust: reduced time from 7 days to 2.2 seconds (operational efficiency) [22]

IBM: blockchain reduces costs for traceability operations by up to 30% (general claim) [22]

Deloitte: blockchain can reduce fraud-related costs by up to 25% (claim) [72]

PWC: 32% reduction in auditing costs with blockchain (claim) [41]

PwC: 55% of executives expect to implement blockchain (adoption) [41]

Accenture: blockchain can save $100M annually for supply chain (claim) [73]

Accenture: blockchain can reduce time to settle transactions by 40% (claim) [73]

World Economic Forum: blockchain can save $3T annually in economic value (projection) [74]

World Economic Forum: blockchain can reduce fraud and counterfeiting losses by 10% (projection) [74]

Supply chain reconciliation cost reduction up to 50% (Gartner claim) [75]

Blockchain verification reduces documentation time by 40% (claim) [76]

NIST: blockchain throughput depends on consensus; Bitcoin ~7 transactions per second (TPS) [77]

NIST: Ethereum (PoW) typical throughput ~15 TPS (approx) [77]

NIST: permissioned blockchain can achieve higher throughput in practice (claim) [77]