Coronavirus: global textile industry braces for sharp downturn as orders dry up

Chinese fashion marketer Kanvid Studio has managed to weather the worst of the coronavirus so far thanks to some quick adjustments from retail clients who replaced lost shopfront sales with new online business.But company director Theodore O’Mahony knows his firm’s good fortune is more the exception than the rule.Clients tell him things will only get worse in the global clothing and textile industry and the crunch will last until the end of next year.“There was a slight delay in samples…

from South China Morning Post https://www.scmp.com/economy/global-economy/article/3083857/coronavirus-global-textile-industry-braces-sharp-downturn