2nd ITMF survey on impact of coronavirus on global textiles industry
The International Textile Manufacturers Association (ITMF) reported that it has conducted a second survey of its members and affiliated companies and associations, about the impact the coronavirus pandemic on the global textile value chain, especially on current orders and expected turnover in 2020.
In total 700 companies from around the world participated between 28 March and 6 April 2020.
Current orders are down by 31% on average worldwide
“The results show that companies in all regions of the world suffered significant numbers of cancellations and/or postponements of orders. Globally, current orders dropped by 31% on average. The severity of the decrease ranges from 20.0% in East Asia to 41% in South America,” the organisation said in a statement.
Last Update 2020-04-22