Companies like Paragon Footwear, Josco Rubbers slash rubber slipper production on higher costs

Simple rubber slippers or flip-flops will soon be a thing of the past given the pace at which footwear companies are slashing their production, spurred by costly raw materials, taxes, a change in consumer tastes and competition from alternatives.

A surge in rubber prices in the last couple of years has forced footwear companies to go for frequent price hikes of the product.

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