As of 8:28 on April 7, Beijing time, there have been a total of 1,337,749 confirmed cases of COVID-19 in the world, with more than 100,000 confirmed cases in 4 countries example. Affected by the slowdown in the spread of the epidemic, global stock markets had a good start on Monday. The three major U.S. stock indexes opened higher and ended higher by more than 7%. The Dow Jones Industrial Average rose 7.33%, a gain of 24.5% since its lowest point on March 23.
In addition to this international news, the recent cancellation of textile foreign trade orders has become the most In the fire incident, the American order of several thousand meters was canceled, the Indian order of tens of thousands of meters was canceled, the Italian order of hundreds of thousands of meters was canceled… Such news is flooded with the textile industry every day, but we seem to only pay attention to the incident, often ignoring the things behind the incident that are worth pondering. thing. Below, the editor will conduct an in-depth analysis of the order cancellation incident to gain a more thorough understanding of market trends.
The cancellation of spring and summer fabric orders is reasonable
A trading company owner said that all crepe dyeing orders were canceled halfway by customers, and now they can only be made into white, in the hope that they can be used for other purposes later. Starting from the order itself, crepe fabric belongs to a type of imitation silk and is mostly used in the production of spring and summer women’s clothing. Many overseas countries have closed their cities and factories have shut down, making it impossible to produce even if the goods are delivered. Moreover, clothing stores have already launched new spring and summer clothing, missing the best period of production. Therefore, it is reasonable for spring and summer fabric orders to be cancelled.
Some autumn and winter fabric orders have also begun to be cancelled
However, during the research process, the editor found that orders for autumn and winter fabrics have also been cancelled. Mr. Li, a trader exporting to India, revealed that the export of more than 10,000 meters of imitation memory fabric to India has been completed and was urgently stopped when he was about to export it. The incident happened on March 20. Mr. Li said that on the morning of the 20th, the customer sent an email to remind him of the order. In the afternoon, he received an email that India would lock down the country nationwide on the 24th and suspend orders. Mr. Li told the editor that this batch of imitation memory fabrics is used to produce winter clothing.
Indian Prime Minister Narendra Modi announced on March 24 that in response to the new coronavirus pneumonia epidemic, it will begin at midnight that day A “city lockdown” model was implemented across the country, lasting 21 days. The shipping time from China to India is about 20 days, which is not expected to affect Indian customers’ receipt of goods. However, it is obvious that customers also considered the extended shutdown time when suspending orders. Once the resumption of work is delayed, it may not be able to catch up with the new winter clothing, and there is still the possibility of order cancellation in the future.
Overseas epidemics are optimistically estimated to last until June and July, but pessimistic expectations may continue until after August. So here’s the problem. Nowadays, the cancellation of autumn and winter fabric orders requires cloth bosses to pay attention.
Although it is not the stage of concentrated release of autumn and winter fabrics at present, judging from the release time of foreign trade orders for autumn and winter fabrics in previous years, the outbreak will generally occur from September to October. In June, a lot of autumn and winter fabrics will begin to be released in small quantities, and new autumn and winter ready-made clothes will be released in August. Affected by mentality, the market will more or less place orders in advance near June. But this year is different. Since the resumption of work by domestic fabric manufacturers after the Spring Festival was more than a month later than in previous years, the best period for the production of spring and summer fabrics was missed. Therefore, apparel customers also placed some orders for autumn and winter fabrics in advance.
Autumn and winter fabric orders in the second half of the year should be planned in advance
People are not as good as others God bet, the COVID-19 epidemic is raging and most overseas countries have begun nationwide shutdowns, which will have a considerable impact on the production of autumn and winter fabrics. If the epidemic is pessimistically expected to last until August and September, this year’s autumn and winter fabric orders may also be out of season. Therefore, foreign trade fabric merchants should pay attention and communicate with customers in advance on how to export autumn and winter fabric orders in the second half of the year as scheduled.
orders, mostly small orders. There are even many suppliers who are still stuck in the stage of constantly making samples and waiting for orders.
END
Both domestic sales and foreign trade have missed spring and summer fabric orders. Autumn and winter fabrics are the hope of the textile industry in 2020. The duration of the epidemic will have a greater impact on whether orders for autumn and winter fabrics can be successfully placed. Therefore, cloth bosses need to pay close attention to changes in the epidemic and the development of the global economic situation, as well as changes in demand for autumn and winter clothing.
</p
