The latest news: Bangladesh is closed, Poland is closed, India is closed, the UK is shutting down… Global epidemic prevention policies are constantly being introduced, but at the same time, they are also affecting foreign trade. Overweight. Recently, there have been frequent reports in the textile market that export orders have been cancelled. However, with the increase in news of country and port closures, cloth bosses are faced with the difficult decision of whether to continue production on existing orders.
As the epidemic rages, many foreign factories have begun to suspend operations, and garment factories are no exception. While chatting with Boss Bu, the editor learned that British factories have been on holiday for more than a month.
Boss Bu said that he has an order of about 100,000 meters for export to the UK, but the customer is working from home and cannot receive express delivery, and the color sample cannot be confirmed. , the customer asked to continue production, but should we continue production or suspend it?
Coincidentally,anotherclothbossalsoaskedtheeditorthesamequestion:IjustreceivedanoticefromacustomerthatBangladeshhasclosedthecountry.ThegoodssenttotheportIcan’tevenmentionit.I’msopanicked.IstillhavealotofgoodsexportedtoBangladeshthathavenotbeenshipped.ShouldIcontinueproductionorsuspendit?whatcanwedoaboutit?
1
Foreign trade orders have been canceled on a large scale, and market panic has intensified
Recent news of overwhelming foreign trade order cancellations has flooded the textile market, and cloth bosses have become increasingly panicked. Eliminate the worries about how to operate the order in hand. But in fact, under the current situation, it is really difficult for Mr. Bu to bear the cancellation of orders or abandoned goods. If the production has been completed and the finished fabrics are sold again, they will be greatly discounted and they will not even be able to get their money back; if only gray fabrics are prepared, the inventory pressure will be increased and funds will be tied up, which will have a great impact on the operation of the enterprise.
2
The overseas situation is turbulent, Boss Bu is cautious in accepting orders
The news that orders have been canceled is more of a blow to confidence in the textile market. The sluggish textile market in 2019 has just passed. The cloth boss originally expected the market to pick up in 2020, but after the beginning of the year, there was a complete shutdown due to the new coronavirus pneumonia epidemic. At the end of February, the fight against the epidemic achieved remarkable results, ushering in a large-scale resumption of work, and the market saw substantial improvement. Unexpectedly, the overseas epidemic broke out in March and has continued to ferment to this day. As a result, foreign trade orders have been canceled on a large scale.
This series of events hit like a storm, leaving Boss Bu no chance to breathe. Panic in the market continues to spread, and the cloth boss has become particularly cautious in accepting orders. He also thinks twice about whether to ship the goods that have been produced, and constantly asks customers whether they can receive the goods.
3
Bu’s confidence in expanding into foreign trade business was hit
Since last year, the entire textile market has been mediocre, and textile companies have also encountered a bottleneck period. In order to better adapt to the market, many companies have begun the path of transformation and upgrading. Among them, many companies have chosen to change from a single sales model of domestic or export sales to a diversified model of domestic and foreign sales.
But recently, a cloth boss encountered something that made people laugh and cry: “Our company has been I am engaged in domestic sales. I plan to expand my business this year and start to join foreign trade. I finally received a foreign trade order, but received the news of suspension. It is so exciting that my little heart can’t stand it!”
Such a blow did greatly weaken Boss Bu’s confidence in foreign trade, and his enthusiasm for taking orders was instantly extinguished. But who can go smoothly on the way to receiving orders? A small failure cannot defeat our strong textile people! Foreign trade people don’t have to be afraid. If you take the first step boldly, you will definitely get unexpected gains.
Postscript
This year Our foreign trade exports have indeed been greatly affected, but it is a force majeure and we can only face it calmly. When the epidemic is over, the demand for clothing lost in the early stage will definitely be made up for in the later stage. In addition, regarding the question raised by the above-mentioned boss Bu,Question, the editor cannot give a clear answer. First, ask foreign customers about the real local situation and confirm whether they can ship and receive goods every day. Second, pay more attention to international news, always pay attention to the foreign trade policies of various countries, and grasp the latest news. Third, different adjustments are made to whether to continue production and shipment according to the payment method of the order contract.
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