Backlog Of Stock, Mutation Of The Virus, Let Next Year's Textile Market Complicated And Confusing
The epidemic situation is grim, "Christmas", "New Year's Day" may be quiet
The severe epidemic situation has also led many countries to upgrade their epidemic prevention level and implement more stringent prevention and control measures.
London, southeast and East England have been raised from level 3 to level 4 since Tuesday, according to reports. Department stores and indoor fitness facilities will be closed and people will not be allowed to enter or leave the area. This level of protection will last for two weeks. At least 18 countries, including Germany, The Netherlands, Belgium, Ireland and Italy, have suspended their communication channels with the UK one after another, leaving European countries in danger. Austria is on December 26 solstice on January 17 next year to carry out the comprehensive third "closure".
In many countries, city closures occur just before Christmas and New Year's Eve. This time of year is usually a good time for holiday shopping in the US and Europe, but this year the vast majority of people are likely to spend the holiday at home, especially as the entire lockdown in The UK affects more than 16 million people, or a quarter of the UK population.
It is likely to become an extravagant hope for people to go out shopping in all the blockaded areas. Some countries and regions that have not been blockaded will certainly increase epidemic prevention measures and restrict people's travel and gathering when the epidemic worsens again. This Year's Christmas has been ruined for people in Europe and The United States. The textile industry has struggled in recent months to sell clothes and gifts for Christmas when stores have closed and crowds have dwindled, much as they did around the world earlier this year.
The backlog of inventory, mutated virus, may affect the market next year
How to solve the inventory of textile and garment has been a problem for textile and garment enterprises. Low discount promotion, not only profit damage may also affect the brand value; Direct burning, huge losses and not conducive to environmental protection. Only keep the next quarter of sales is more in line with the interests of textile and garment enterprises, most of the enterprises this year are also doing so. Spring clothing sales blocked, then change the money, autumn and then sell, autumn not sold out next spring to continue to sell.
This year's Christmas season in Europe and the United States, due to the outbreak of the epidemic again, people travel restrictions, will inevitably lead to clothing market stagnation. This part of the inventory will no doubt appear in next year's autumn/winter market, which will certainly lead to a reduction in fabric orders next year.
On the other hand, the current textile market is generally optimistic about the second half of next year, which is mainly based on the gradual introduction of vaccines. But will the emergence of a new strain in the UK make the current vaccine ineffective? Of course, there is no conclusive evidence that the new strain could affect vaccines or treatments, but the possibility remains.
The first half of next year because this year spring and summer clothing inventory backlog, is not optimistic about the basic, the order probability will not have any improvement. Once the market loses its bullish view for the second half of next year, the lack of orders will continue through 2021. The vast majority of textile enterprises have been struggling to support the next year, if the market does not improve, that many textile enterprises may have to go out of business.
Until the global epidemic is brought under control, there is still considerable uncertainty in the textile market. Especially in Europe and the United States recently the outbreak of disease, out of control, the textile market next year more confusing.