It is now the Christmas holiday in the West, which should be a time for carnival. However, under the shadow of the epidemic, people in Europe and the United States have been restricted from getting together with their families to celebrate the holiday. However, people are forced to stay at home, which has plunged the clothing and fashion industry into a cold winter, with many closing their doors and refusing customers.
▲The new coronavirus mutated, London, England lost control and closed the city again, and a large number of people flocked to the station to escape.
▲ British politicians blamed China and said: “Christmas is cancelled, thank you China.”
▲BritishclothingandfashiongroupArcadiaannouncedthatitmayfileforbankruptcyprotectionasearlyasthisweek,whichwillput13,000jobsandabout500storesatrisk!
▲Over10,000employeeshavebeenforcedtotakeleave!BritishclothinggiantArcadiafilesforbankruptcy.
TheepidemicinEuropeandtheUnitedStatesisoutofcontrolagain,andtheglobaltextileandapparelprospectsareconfusing!
1.Theepidemicpreventionsituationissevere,and”Christmas”and”NewYear’sDay”maybesilent.
China’stextileandapparelindustryishighlydependentonIntheexportindustry,theexportvolumeoftextileandclothingproductsincreaseddespitetheepidemicatthebeginningoftheyear.Thisismainlybecausecountrieswithoverseasepidemicoutbreakshavestrongdemandforepidemicpreventionsupplies,whichhasdriventheexportofourepidemicpreventionfabrics,epidemicpreventionclothingandmasks.However,thenumberofdomesticcompaniesinvolvedinepidemicpreventionisstilllimited,andmostofthemareordinaryclothingfabricfactories.Therearenotmanycompaniesthatcanprofitfromthiswave.
SinceDecember,theout-of-controlepidemicsituationinEuropeandtheUnitedStateshasonceagaincastashadowontheexportoftextileandapparelfabrics.Therearegenerally600,000-700,000newcaseseverydayintheworld,andsometimesevennearly800,000.ThenumberofnewconfirmedcaseseverydayintheUnitedStatesisgenerallymorethan200,000.TheepidemicintheUKisevenmoreexaggerated.BritishHealthSecretaryHancocksaidthatthenewstrainofthenewcoronavirusdiscoveredinthecountryhasgoneoutofcontrol.Themutatednewvirusis70%moretransmissiblethantheoriginalstrain.London,UK,hasbeguntostageamassexodus..
2.Backlogofinventoryandmutatedvirusesmayaffectthetextileandapparelmarketnextyear
Duringthe2020ChristmasseasoninEuropeandtheUnitedStates,duetotheoutbreakoftheepidemicagainandrestrictionsonpeople’s travel, the clothing market will inevitably lead to slow sales. This part of the inventory of clothing will undoubtedly appear in the autumn and winter market next year, which will certainly lead to a reduction in fabric orders for autumn and winter clothing next year.
On the other hand, the current textile and apparel market is generally optimistic about the market in the second half of next year. This view is mainly based on the gradual investment in vaccines. But will the emergence of a new strain in the UK cause the current vaccine to be ineffective? Of course, there is currently no definite evidence that the new strain may affect vaccines and treatments, but the possibility of an impact still exists.
The first half of next year is basically not optimistic due to the backlog of clothing inventory in this spring and summer, and there is a high probability that there will be no improvement in orders. Once the market loses its optimism about the second half of next year, the lack of orders will last throughout 2021. The vast majority of textile companies are already struggling to support themselves this year. If the market does not improve next year, many textile companies may go bankrupt and leave.
Before the global epidemic is brought under control, there are still great uncertainties in the textile market. Especially the recent worsening and loss of control of the epidemic in Europe and the United States has made the textile market in 2021 even more confusing. </p
