Covid 19's influence on garment industry

The COVID-19 epidemic has been unfavorable in the textile and fashion industries around the world with tremendous damage to businesses, currently unable to be quantitative because the virus continues to spread and can seriously affect employees. When global organizations call for brand protection workers, businesses are busy adjusting business models to cope with crises. 

The Government has implemented and is continuing to implement emergency measures, including closure of public places, limiting travel and assembling in public places, and establishing inspection and quarantine facilities.

Meanwhile, companies that are busy doing the closing of part or the entire store, ' choosing to work at home ' for employees, resolving cancelled or postponed export orders, exploring material sources other than China and encouraging customers to shop online.

Retailers with a more diversified supply base will be exempt from the impacts of the epidemic as they can transfer the volume from one supplier to another, providing some protection against disruptions in China.

Moody's Investor Services adjusted its forecasts for most Asian Pacific countries (APAC) based on the possible impact of the epidemic. The risk to APAC inevitably tilts the downside, which is from European and American economies much weaker than the present. The forecasts emphasize no growth in Japan and Singapore, and slower growth in China.

Countries such as the United States, Germany, Italy, France, Great Britain and Japan, have taken a range of measures to overcome the disruption of economic activity caused by the epidemic. These include lowering the bank interest and cash reserve, the ban on debts for small, small and medium enterprises (MSMEs), debt repayment and tax payment without interest, new demand lending and credit guarantees.

The clean Clothing campaign is based in Amsterdam, the International labour Rights Forum and the Rights Association of Workers, both based in Washington, D.C. and the Maquila Solidarity Network based in Toronto have urged all clothing brands to take proactive steps immediately in order to protect workers from producing their goods in advance of the epidemic.

The closure of factories in many countries, such as Sri Lanka, Bangladesh, Indonesia, Albania and those in Central America, whether temporary or fixed are strong in the low-paying apparel workers, especially those immigrants who are not able to have local social networks to rely on and may face additional restrictions or foreign papers. The situation is particularly severe for many weeks in Cambodia and Myanmar, a joint statement of these organizations said.

The closure of the shopping spaces and joint counsel of Governments to avoid public spaces has crippled the demand, affecting the sale of garments. A number of retailers in the US have temporarily closed their stores for a minimum of two weeks since 17 March and will pay their employees ' wages during the downtime. These people include PVH Corp, Vince Holding Corp, Chico's FAS, Tilly's, Guess, JC Penny Company and Walmart.

While the stock prices of apparel and footwear brands and retailers include Nike, Under Amour, Levi Strauss, Skechers USA and Crocs in the United States; Quick Retail in Japan, Adidas Germany; Aeffe SpA of Italy; H & M của Thụy Điển; Anta Sports Products Ltd. in Hong Kong; And Kering, France has made a recent impression, the prominent ranking agencies have lowered the growth forecast of gross domestic product (GDP) for several countries, including India.

In fact, the stock prices of textile companies in the United States, India, Europe and Hong Kong have witnessed a two-digit reduction rate for two weeks from 2 to 17 months. The stock price of Indian textile retail companies has dropped sharply. These include Indian Welsasta, Indo Count Industries, Page Industries and V-Mart Retail.

The Association of Indian Clothing Manufacturers (CMAI), predicts an economic catastrophe, said most apparel companies in this country will face the 30% reduction in their revenues and profits, and the industry will see unemployment levels of 10-15 percent if the epidemic continues to , lack of working capital will not allow companies to pay taxes, repay banks and other statutory fees.

Trade agencies across India, including the Association of Tiruppur Exporters (TEA), the Indian Cotton Textile Export Promotion Council (TEXPROCIL) and the Indian Textile Industry Union (CITI), have asked the government to intervene emergency policy for the textile industry sector by providing a relief package , the ban on repayment for subsequent fiscal and exempted all raw and intermediate raw materials from anti-devalue and basic customs duties.

CITI has also proposed that cotton and cloth fibers are immediately included in the tax reduction and central Tax Program (RoSCTL), the Interest-balancing program (IES) and the India Commodity Export Program (MEIS) to prevent job loss for millions of people in handloom, weaving machines and spinning industries.

Meanwhile, India has banned the export of all breathing apparatus, disposable surgical masks and textile materials specific to masks and overalls to avoid any shortage of personal protective equipment for health care professionals. Many apparel brands and Indian e-commerce companies are taking measures such as ' work at home ' and evaluate previous revenue goals.

State Bank of India (SBI) has published an urgent credit base for those borrowers affected by the COVID-19 epidemic. The maximum loan is 200 dollars or 10% of the current fund-based cap that can be applied in accordance with this article. The facility can be used until the end of 6 months and will especially target the borrower MSME.

The Indian Texpreneurs Federation (ITF) headquartered in Coimbatore is getting more market information from its members and sharing it with entrepreneurs to allow them to make production calls when buyers from Europe and the United States are postponing or canceling orders.

Pakistan's textile industry, which has been influenced by the massive cash flow crisis, is very annoying because of the epidemic when overseas buyers are cancelling and delaying orders. According to the Association of Pakistan Textile Exporters (PTEA), this situation is leading to a large industriochemical status, exports decreased dramatically and the level of unemployment is not controllable.

The epidemic has also influenced export and delivery of Central American garments. Nicaragua sees before and reduces exports throughout the year, while Guatemala is witness of delays in garment shipments and material shortages.

The turkey media report says many global brands, including Superdry, Inditex, H & M, Hermes-Otto, Debenhams, and Ralph Lauren, have moved orders to Turkey that the country must increase yields, especially summer collections.

A number of global fashion events, including the U.S. Council of Fashion Designers (CFDA) award 2020, the April yacht exhibition of Giorgio Arman, the 5th month holiday exhibition of Prada and fashion weeks in Shanghai, Melbourne, Beijing, Seoul and Tokyo, were postponed.

Because the United Nations Trade and Development Conference predicted that the slowdown in the global economy caused by the epidemic would consume at least 1 trillion dollars and global direct foreign investment could be reduced by 5-15%, which is a ' waiting and tracking ' situation for most countries.

Concertex to display new performance fabrics online at NeoCon07

Concertex is set up to display the latest performance fabrics online at NeoCon 2020. Concertex will have to introduce the digital capability of the brand to merge the coating structure with textile sensitivity.

The captivating color combinations of leading textile companies and new high-performance textiles will surely be a rolling stop at NeoCon that is digital this year. The featured products include Warp, a digital print vinyl that is digitally printed with the gentle ombre stripe and the new products of Tekexom, Apex, Parallel and Flux. Tekloom is a groundbreaking technology, chemical link is woven with the durable components of coated fabrics to create a new fabric, merge

. According to the press release of Concertex, in accordance with the strict demands of all areas with high traffic. New textile fabrics and coatings are available in shades of warm and cool evergreen trees, crisp orange tones and fresh mint colors.

The products offered also include bright colors, a bowl as well as a variety of cool, confident navy shades, and spectacular neutral beauties.

COVID-19 disrupts polyester yarn production in China

 

The cost of raw materials for polyester began censorship due to the outbreak of the new coronavirus (COVID-19) in Ch
ina. This is affecting the needs and production of polyester fibers in China, and thus disrupting its supply chain.
The current situation, coupled with the anti-dutiating tax repel for the PTA, has the ability to promote the export of polyester yarn from In
dia. " Disruptions in the manufacture of polyester yarn in China will probably bring greater export opportunities to Indian polyester manufacturers.
A quick review from the credit rating firms shows that the active profits of the polyester yarn manufacturers will increase by 15-20% in the coming year because of financial Madhu Sudhan Bhageria, CMD, Filatex India Ltd, said, a 150-200 increase in the fundamental point in profitable operations that come from the price of lower raw materials , good demand for polyester and higher blends in garments and other products, "Madhu Sudhan Bhageria, CMD, Filatex India Ltd, told Fibre2F Fashion.

India entered 46.652 million dollars of polyester from China in 2018, mitigated to 45.728 million in 2019, according to data from TexPro. On the other hand, the Indian polyester exports to China reached 2.878 million in 2018 and 3.237 million in 2019.

Speaking about the accumulated benefits attributed to the anti-selling tax-exempt price for pure terephthalic acid (PTA), a major raw material for synthetic textiles, in the 2020-21 coalition budget, Bhageria says, "the anti-selling tax removal has changed the Indian textile industry has stalled even though China slowed down.
The PTA discount in India has created an equal playing field for manufacturers of polyester fibers, fibers and clothing of India. Transmitted to end users, this will help this country strengthen global competitiveness, promote exports and enable domestic producers to compete with cheaper imports. "

The United Kingdom eventually left the European Union will also benefit the Indian exporters, according to Shubhocation Sur, AGM-Sales & Marketing, Kuster Calico Machinery Pvt Ltd. "India is expected to be the preferred market for apparel sourcing products to buyers from the US, UK, Europe and Canada because trade with China has been influenced by the new coronavirus epidemic. Bes
ides, his departure from the EU will also bring an advantage to India. However, non-branded apparel sales in the Bengal countryside was a major victim because the merchants were fully dependent on the importation of Chinese goods. Industrial intermediate chemicals and dyes are also feeling the heat of lack of raw materials. "

Z & Z of Bangladesh launches ' corona cloth '

Zaber and Zubair fabric Ltd. of Bangladesh (Z & Z), a unit belonging to the Noman group, recently claimed to have developed a new fabric called ' corona cloth ' with the aid of bactericidal and anti-virus treatment that could destroy coronavirus within 120 seconds with accuracy of 99.9 percent. T
he company is supported by two Swiss partners in the development. T
his fabric was invented with the help of a number of chemical components which are registered under the American Toxic Substances Control Act and the Environmental Protection Agency, senior officials of the company said in a press confe
rence. Brand Manager Z & Z, Anol Rayhan, said the processing of fabrics was inspected and validated according to ISO 18184 testing standards and has the prescribed coverage, according to the report of Bangla Media.
The company has begun to send fabrics to buyers in the United States and the European Union , he
was quoted. Domestic consumers can buy products from Blue Jens, the company's online store, from next month and prices will be 20% higher than conventional products. Fa
brics are durable, soft and breathable in 100 percent cotton and blended, and are safe for the skin. For the PPE fabric, it is solvent-resistant and liquid-in component 100% polyester, with high tensile strength and tear strength and is durable for up to 20 washing times.

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