Authors : K. S. Mehra
Page Nos : 104-106
Description :
The global spread of the coronavirus and lockdown had greater impact on textile and fashion market. A numbers of
major event has been canceled due to COVID-19.many peoples are going virtual to go forward with their pre-planned
events and trades show. Retailers have to shutter their doors due to this pandemic. In last few months , a numbers of
major retailers and brands announced their temporary closures in many countries. The fashion industry is facing very
problem because 40 million garments workers are out of the supply chain around the world due to closures of
factories. Many factories of garment producing countries are already closing due to the shortage of raw material from
China and declining orders from Western clothing brands. The textile industry is facing some unique challenges due to
COVID-19 as lockdown has brought the entire textile supply chain to almost grinding halt. The government is trying
and making all efforts to continue the steady supply of essential to the 1.3 billion people of India. At micro level GDP of
our country has been shifted to 4.7% in October- December 2019. Due to lockdown all sorts of textile related factories
are closed and it is difficult to say that when every will become normal. Workers have been running here and there due
to confusion. The business community is scared on account of cash, supply chain disturbance and manpower related
problems. In this research paper we are going to discuss about the impact of COVID-19 on textile industry. In this
paper we are going discuss challenges in front of traders (wholesale and retailers ) in textile industry and suggest how
they can overcome with this problem.
