This may be the most difficult first half of the year for textile people.
When it comes to textile people, they are engaged in business that can easily cost tens of millions or hundreds of millions. They make a lot of money, dominate the world, and are so prosperous.
However, the first half of this year was difficult for people in the textile industry. The Great Leap Forward in Production Capacity in the past two years has led to overcapacity in gray fabrics, as well as the recurring Sino-US trade war and other factors. my country’s textile industry has long been riddled with holes. We were already experiencing a cold winter, and then encountered a global epidemic, which greatly affected the normal production and operations of textile companies. It is undeniable that most textile companies are currently in a situation of double decline in order profits.
“The worst half year in the industry since I started the business” is a sentence that most textile people often talk about.
This half year of textile people , like climbing a mountain, very strenuous and frightening.
When the epidemic broke out in February, what textile workers thought of was: if you don’t resume work, you will die; if you resume work, you will die;
The traditional “Golden Three” “Silver Four” was replaced by “order cancellation” and “holiday layoffs”;
The market picked up in May, and we were about to start a big fight. In the blink of an eye, the market calmed down, and the off-season came again. …
The first half of the textile industry has never been as chaotic as this year.
The production plan prepared at the beginning of the year has changed again and again;
Before the foreign trade orders could be shipped, the customer suddenly canceled the order ;
Originally, we were doing orders from Europe and the United States, but the epidemic broke out in Europe and the United States, so we turned our efforts to expand the Indian market. Unexpectedly, India also suffered from an epidemic and encountered border conflicts…
Plans cannot keep up with changes. The days when “the machine turned on and everything was golden” will never go back.
In the past six months, the word that textile people have heard the most is probably two words: repayment.
After the industry-wide sales decline in the first quarter, companies have placed all their expectations for performance on the second quarter.
Sales performance must be sustained, and payment collection must not be a hindrance.
Cash flow is the sword of Damocles, hanging high on the head of every textile person and also on the upstream and downstream industrial chains.
While non-woven fabrics and other medical care products are clamoring loudly, conventional products and high-stock products are showing signs of misfire.
If you don’t have an order, you will have to take holidays and lay off employees; if you have an order, you can only make an advance payment.
It’s difficult both ways.
But the textile people are still lucky.
Compared to the filmmakers who have already lost their ground, at least the textile people can still hold on to their own territory, have the capital to sprint forward, and the capital to survive.
As for those empty movie theaters, they could only cry and accept their fate while “setting up stalls” in the circle of friends to sell insurance.
In 2020, whether it is a year of tightening our belts and just living well, or a year of major reshuffles in the industry, we should be prepared to be normal.
At this moment, we are ushering in a new second half of the year. No matter whether we climb up or down the mountain, we must believe:
Every textile person still has Chance!
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