Industry Leaders Launch Footwear Innovation Foundation

Footwear industry executives and CEOs see necessity in becoming more proactive than reactive.

Veterans in the sector have formed a research think tank, Footwear Innovation Foundation (FIF), to focus on how to best shape and transform the future of footwear in the face of ongoing challenges.

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FIF, launched Monday, is an independent 501(c)(3) nonprofit organization that has its home base in Reston, Va. It operates separately from the Footwear Distributors and Retailers of America (FDRA). Andy Polk, FDRA’a senior vice president, will manage FIF’s day-to-day operations.

The FDRA will continue to work on projects such as its supply chain tracing tool launched last October, since that’s driven by current regulations, according to Polk.

“The FIF really works in white spaces looking to solve beyond current work efforts, seeing where we can fill gaps where there is no little or no data and knowledge, as well as how we establish talent pathways from outside the industry inward,” Polk said in an email to FN.

The FDRA will continue to focus on issues facing the footwear industry today, such as customs, tariffs, sourcing, supply chain, regulatory matters, to name a few. The FIF is a platform dedicated to shaping the future, Polk said, adding, “We initially tried to build that within FDRA, but its mission and tax status limited our ability to pursue real R&D (research and development) and long-range innovation work.” FDRA is a 501(c)(6) organization. Donations to fund the FIF’s research work are 100 percent tax free.

“The FIF board meets at least twice a year to guide our direction, evaluate new ideas, and ensure our projects serve the industry as a whole,” he said. “Much of our day-to-day job is meeting with academics, labs, experts and industry leaders to talk about the future, provide key innovation insights to support people’s operations, and running dynamic forward thinking projects to push us forward.”

Polk said that while FIF is autonomous, it remains connected with the FDRA, which funded start-up costs and legal fees until shoe companies began their donations. “We rely on FDRA for market intelligence and strategic insights to make sure we have a good pulse on where things are headed. We also use FDRA’s reach to help build a broader community around innovation,” he said.