Although March and April are the traditional peak sales seasons, the foreign trade situation in the fabric industry is still far from optimistic.
“Since last year, the inventory of foreign clothing has remained high, resulting in the company’s overseas orders not being very good.” Ouyang, General Manager of Suzhou Jingzhi Textile Technology Co., Ltd. Hong said, “We mainly do foreign trade business in Europe and the United States. Now the company sends emails to overseas customers, but they basically don’t reply, and there are very few orders.”
To curb the spread of the new coronavirus, many countries have further tightened control measures. Recently, department stores and shopping malls in many overseas places have once again suspended operations.
According to news from China Daily on April 1, on March 31, local time, French President Macron announced stricter nationwide new coronavirus restrictions: the curfew will remain unchanged. , domestic travel will be restricted and people will be asked to work from home.
According to Xinhua News Agency, Paris, April 1, French Health Minister Olivier Veran said on Thursday that the third coronavirus wave in France will begin in July. It is hoped that the new restrictive regulations will have a significant impact on the dynamics of the epidemic. So far, nearly 100,000 people have died in France due to the COVID-19 epidemic, which is one of the countries with the highest death rate in the world. The capacity of hospitals in some of the worst-hit areas of France has reached its limit.
However, the epidemic is not only serious in France. Although vaccination continues, the United States has ushered in the fourth wave of the epidemic. The African continent is also experiencing a third wave. If this trend continues, this year’s global economic restart may come to nothing, and the market may also undergo major changes due to expected changes.
France is under lockdown
According to reports from major media around the world, French President Emmanuel Macron Macron ordered France into its third national lockdown on Wednesday local time and said schools would be closed for three weeks. He is trying to delay a third wave of COVID-19 infections that could threaten to overwhelm hospitals.
“If we don’t act now, we will lose control,” he said in a televised address. He announced that the entire country would be under lockdown for at least a month starting on Saturday. action. Schools will be closed for three weeks after this weekend. From Saturday, shops that do not sell essential goods will have to close and people will have to stay at home, work remotely and sign documents. Travel between cities is banned for at least a month.
The number of new daily infections in France has doubled since February, reaching an average of nearly 40,000. The number of COVID-19 patients in intensive care has topped 5,000, surpassing the peak during the six-week lockdown late last year. 59,038 people were diagnosed with the disease on Wednesday, the biggest increase since November 6 last year.
With the death toll approaching 100,000, intensive care units in the worst-hit areas reaching capacity and the vaccine rollout slower than planned, Macron was forced to give up. The goal of keeping the country open to protect the economy.
French Health Minister Olivier Veran said on Thursday: “If everything goes as planned, we could reach the peak of the epidemic within seven to 10 days. . Then we need an additional two weeks to reach the peak of intensive care units (ICUs) that may occur at the end of April.” Whelan said the new restrictions will make it possible to stop this strong epidemic wave and move toward A calmer spring ahead and hopefully more freedom by May.
The new lockdown could slow France’s economic recovery from last year’s slump. The French Finance Ministry said this would force the temporary closure of 150,000 businesses at a monthly cost of 11 billion euros ($12.89 billion). The setback for France, the euro zone’s second-largest economy, may also dampen Europe’s hopes of rebounding as quickly from the pandemic as the U.S. and Chinese economies have.
The fourth wave in the United States, Africa is not peaceful either
In fact, the United States is not peaceful either. The United States may be at the beginning of a fourth wave of the pandemic, axios reports. A fourth wave will most likely be far less deadly than the first three, but this continued failure to contain the virus will have real consequences and make it harder to put COVID-19 behind us.
Data show that over the past week, an average of about 63,000 Americans were diagnosed with coronavirus infections every day. That’s a 17% increase compared to the previous week, which is similar to the increase in cases during the second wave of the pandemic last summer. Average daily caseloads increased in 25 states over the past week, with the largest increases occurring in Michigan and New York. Even as vaccinations continue to increase, new cases are declining in only five states, mostly in the Southeast.
While increased vaccinations will help limit increases in severe illness and deaths, the emergence of a fourth wave could delay the pandemic and in the process Putting more people at risk. Currently, millions of young Americans with high-risk medical conditions have not yet been vaccinated. As the virus spreads more rapidly, they remain vulnerable to severe illness and death. Currently, hospitalization rates are still rising, althoughHowever, it is not as sharp a rise as before. The variant causing this outbreak is more contagious than the original strain. Future variants may not be affected by existing vaccines.
The situation in Africa is not optimistic either. Dr Nkengasong, director of the Africa Centers for Disease Control and Prevention, said on Thursday that now that Africa is facing a third wave of the COVID-19 epidemic. The continent has so far recorded 4,222,260 cases, 112,820 deaths and 3,771,866 recoveries, with laboratory tests on specimens collected from 40,059,233 people, according to data from the Africa Centers for Disease Control and Prevention on Thursday.
In terms of vaccine supply and distribution, Nkengasong said that 400 million doses of vaccine will be obtained from Johnson & Johnson, which will make it the largest supplier in Africa. Negotiations are currently underway to import the BioNTech/Pfizer and Sinopharm vaccines.
In addition, India also has the possibility of losing control.
Foreign garments once again collectively misfired, affecting my country’s foreign trade textile enterprises
With the spread of the epidemic, The inflation previously expected by the market may have misunderstood, that is, the probability of the global economy restarting in the next few months has declined, and there is a possibility of a downward revision in economic growth. Against this background, the recovery of traditional industries may also be slower than expected, and the serious losses of foreign clothing brands caused by the epidemic continue.
Data released by McKinsey Consulting in March showed that by the end of 2020, the textile and apparel industry had lost 20% to 25% of its sales, of which the European market lost 25% ~30%, and the US market lost 20%~25%. Currently, the value of unsold ready-made clothes in stores and warehouses is approximately US$168 billion to US$192 billion (equivalent to approximately 140 billion to 160 billion euros), more than double the amount before the epidemic.
For my country’s foreign trade fabric companies, foreign clothing brands are poorly managed and continue to lose money, and the demand for fabrics and gray cloths Naturally there will be some reduction. China’s Keqiao Textile Index shows that recently, international market demand has been weak, and foreign trade marketing prices and volumes have fallen. Data show that at the beginning of the year, the textile export volume of Keqiao District, Shaoxing City declined month-on-month, and exports showed a month-on-month downward trend. Among them, the foreign trade price index of chemical fiber filament fabrics fell by 9.23% month-on-month; the foreign trade price index of daily home textile fabrics fell by 15.83% month-on-month; and the foreign trade price index of knitted and crocheted goods fell by 21.35% month-on-month.
According to the Spanish “El Pais” report, the emergence of the epidemic has greatly impacted the textile and garment industry. The forced suspension of business activities has led to the industry’s sources of income drying up and forced many Well-known European and American brands are protecting their cash flow capabilities by canceling and delaying orders or postponing payments. A head of a Spanish clothing company who did not want to be named said: “During the lockdown in Europe, our payment time for all suppliers was extended by 30 days. This has a big impact on them, but this is a matter of concern. The problem of our survival.”
In this regard, the relevant person in charge of a fabric company in my country said that many foreign clothing brands now The ability to resist risks is limited, and the company is unwilling to cooperate with them at the risk of order delays and inventory backlogs. </p
