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Impact of the textile and clothing industry chain epidemic
2020-03-07 18:33:09
 
Impact of the textile and clothing industry chain epidemic topic two: The pressure for repairs has been released,
 
The domestic epidemic situation is gradually controlled, and the epidemic situation in some overseas areas has spread
 
Since mid-late February, the number of newly diagnosed cases in China has shown a significant downward trend, and 52,109 people have been discharged from the country. The epidemic situation outside Hubei and within the province has shown a good control trend. However, the overseas epidemic situation has begun to spread. South Korea, Japan, the United States, Italy, and Iran have a cumulative diagnosis of 125-5300. Currently, the number of confirmed cases is still growing rapidly.
 
Downstream enterprises: Most stores start operations, e-commerce is slightly affected
 
The offline Spring Festival has experienced a serious decline in passenger flow. Most brands closed more than 50% of their stores, which has a significant impact on spring clothing sales. The growth trend of online sales has also slowed down, or due to weakening consumer demand and logistics impact, but better than offline performance. At present, most of the clothing brand enterprise stores have resumed operations, and the brand is actively moving to the line to make up for the losses. It is expected that the industry Q1 sales will reach 60% to 70% of the original plan.
 
Upstream enterprises: supply shortage due to shutdown, leading orders resume production
 
The resumption of work in manufacturing companies is generally delayed for one to two weeks, and the actual recovery rate still needs a period of time to reach a higher level after resumption. Large-scale companies have relatively high recovery rates. As China's share of global textile and apparel exports is high, and it is the upstream of Southeast Asian apparel manufacturing enterprises, the delay in resumption of work also affects the supply of other global apparel production industrial chains. Based on the above, we expect that suppliers with orderly resumption management, a globally dispersed layout, and autonomous and controllable raw materials will be least affected.
 
Cross-border conversion: supplementary medical supplies, but performance contribution is difficult to predict
 
Some companies convert products such as masks and protective clothing, and most of them are used for donations, government collection and storage, and subject to the uncertainty of the supply of raw materials and prices required for production, the uncertainty of the actual production capacity and the time of production. Performance contribution is difficult to predict accurately. Relevant concept stocks performed well during the epidemic, and most companies achieved a 20% -50% increase in more than a month.Impact of the textile and clothing industry chain epidemic topic two: The pressure for repairs has been released,
 
The domestic epidemic situation is gradually controlled, and the epidemic situation in some overseas areas has spread
 
Since mid-late February, the number of newly diagnosed cases in China has shown a significant downward trend, and 52,109 people have been discharged from the country. The epidemic situation outside Hubei and within the province has shown a good control trend. However, the overseas epidemic situation has begun to spread. South Korea, Japan, the United States, Italy, and Iran have a cumulative diagnosis of 125-5300. Currently, the number of confirmed cases is still growing rapidly.
 
Downstream enterprises: Most stores start operations, e-commerce is slightly affected
 
The offline Spring Festival has experienced a serious decline in passenger flow. Most brands closed more than 50% of their stores, which has a significant impact on spring clothing sales. The growth trend of online sales has also slowed down, or due to weakening consumer demand and logistics impact, but better than offline performance. At present, most of the clothing brand enterprise stores have resumed operations, and the brand is actively moving to the line to make up for the losses. It is expected that the industry Q1 sales will reach 60% to 70% of the original plan.
 
Upstream enterprises: supply shortage due to shutdown, leading orders resume production
 
The resumption of work in manufacturing companies is generally delayed for one to two weeks, and the actual recovery rate still needs a period of time to reach a higher level after resumption. Large-scale companies have relatively high recovery rates. As China's share of global textile and apparel exports is high, and it is the upstream of Southeast Asian apparel manufacturing enterprises, the delay in resumption of work also affects the supply of other global apparel production industrial chains. Based on the above, we expect that suppliers with orderly resumption management, a globally dispersed layout, and autonomous and controllable raw materials will be least affected.
 
Cross-border conversion: supplementary medical supplies, but performance contribution is difficult to predict
 
Some companies convert products such as masks and protective clothing, and most of them are used for donations, government collection and storage, and subject to the uncertainty of the supply of raw materials and prices required for production, the uncertainty of the actual production capacity and the time of production. Performance contribution is difficult to predict accurately. Relevant concept stocks performed well during the epidemic, and most companies achieved a 20% -50% increase in more than a month.

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