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- Ongoing disruption to global leather supply chains linked to conflict in the Middle East.
- Rising freight, energy and raw material costs impacting leather production worldwide.
- Stagnant hide and skin prices as buyers and sellers remain in a holding pattern.
- Pressure on luxury and leather goods brands amid softer consumer demand.
- Continued restructuring activity across manufacturing and processing businesses.
- Signs of resilience through regenerative sourcing initiatives and domestic supply chain investment.
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