The global garment industry is preparing for a slowdown as high-end fashion clients cut marketing budgets in response to declining demand for discretionary products. Photo: AFP The global garment industry is preparing for a slowdown as high-end fashion clients cut marketing budgets in response to declining demand for discretionary products. Photo: AFP
The global garment industry is preparing for a slowdown as high-end fashion clients cut marketing budgets in response to declining demand for discretionary products. Photo: AFP

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

  • No ‘doomsday scenarios’ yet but there are strong signs the world’s textile industry is set for steep downturn due to the economic impact of Covid-19
  • Restructuring of the industry could see China become global leader in design and offer a chance to develop new brands, industry insiders say

Topic |   China economy
The global garment industry is preparing for a slowdown as high-end fashion clients cut marketing budgets in response to declining demand for discretionary products. Photo: AFP The global garment industry is preparing for a slowdown as high-end fashion clients cut marketing budgets in response to declining demand for discretionary products. Photo: AFP
The global garment industry is preparing for a slowdown as high-end fashion clients cut marketing budgets in response to declining demand for discretionary products. Photo: AFP
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