1st Question: In the first two quarters of 2020 the global textile industry has experienced an unprecedented global supply and demand shock. According to the ITMF Corona-Surveys the companies around the world are expecting turnover 2020 on average to be around -30% lower compared to 2019.Were export and domestic markets hit equally by the demand shock when looking at Chinese companies?
2nd Question: What were the 3 biggest challenges companies in China were faced with since the start of crisis?
3rd Question: China was the first country that was hit by the crisis. It was also the first country where the partial lockdown of the country was lifted and shops reopened. Other markets like Europe or North America were hit much later by the pandemic.
How did the Chinese textile and apparel industry weather the crisis since the end of the lockdown?
4th Question: In the 4th ITMF Corona-Survey which was published in the middle of June, companies were asked when they expect to reach pre-crisis levels again. Most companies expect this to be in the first or second quarter of 2021.Do you share this view?
5th Question: It was stunning to see that so many cancellations/delays were reported since the start of the crisis. According to the ITMF Corona-Surveys, orders have dropped by around -40%. Many buyers were referring to so-called “Force Majeure Clauses”. Others were working with so called “Open Accounts”. In both cases the risks were distributed unevenly to the disadvantage of the suppliers.What are options to prevent such a tsunami of cancellations/delays in the future.
6th Question: How were textile and apparel companies directly and indirectly supported by the government?
7th Question: What are the medium-term and what are the long-term consequences of this crisis for the global textile and apparel industry?
中国十大服装专业市场，常熟、辽宁海城西柳、浙江濮院羊毛衫、广州白马、海宁、即墨、石狮、成都荷花池、杭州四季青苏杭、虎门富民时装城。沈阳五爱、济南泺口、广州广大、西安西北商贸、深圳新白马、上海新七浦、郑州锦荣商贸。
