Global Textile And Garment Supply Chain Cooperation Will Continue To Deepen

Under the influence of the epidemic situation, the global textile industry is entering a new normal. Recently, at a video conference of the board of directors of the International Federation of textile manufacturers (IFN), the participants pointed out that the spread of the epidemic has exposed the vulnerability of the global textile industry to the impact of supply and demand. Both upstream and downstream enterprises are aware of the need to adjust their procurement and production strategies to reduce the risks brought about by such incidents. The future textile supply chain will no longer be centralized, but more regional. Compared with before the outbreak, the supply chain will no longer be inclined to optimal allocation, but will be more robust. At the same time, the supply chain will be more demand driven, which requires more flexible interaction and closer and transparent cooperation between brands / retailers and manufacturers.

China is the first country to suffer from the impact of the new pneumonia epidemic, and also the first country to lift part of the blockade and restart development. After the restart of China's textile enterprises, they should actively respond to the pressure of innovation Sun Ruizhe, vice chairman of the International Textile Federation and President of the China Textile Federation, said that with the resumption of work and production, Chinese textile and garment enterprises have orderly completed the production and delivery of orders in hand, and gradually arranged new production tasks. Facing the challenge of insufficient demand, enterprises try to tap market opportunities and obtain new orders. China's textile enterprises have generally strengthened the construction of online channels, and made up for the shortage of offline channels through mode innovation such as live delivery with goods and cloud exhibition. Many enterprises have developed the field of health protection products, developed new fiber materials and products with antibacterial and health functions, and transformed into epidemic prevention products such as masks and protective clothing, and achieved good profits. Many foreign trade enterprises actively promote the transfer of import and export products to domestic sales. At the same time, the government should introduce policies to reduce the cost of internal control, reduce the cost of internal operation, and improve the internal management of capital. Among them, some enterprises with core competitive advantages grasped the recovery period after the improvement of epidemic prevention and control situation, even found new market space in the epidemic situation, and their business development was ahead of the macroeconomic situation and began to recover.

According to the survey of the impact of the new crown pneumonia epidemic situation by the International Textile Federation, the global textile enterprises interviewed expect that the average turnover of 2020 will be about 30% lower than that in 2019. Although the global value chain cooperation is under great pressure in the epidemic situation, the basic structure and practical basis of the world textile and clothing industry chain and supply chain cooperation have not changed. In the face of the common crisis, the overwhelming majority of countries are more willing to strengthen industrial cooperation, and promoting trade globalization and liberalization has become a common aspiration. Sun Ruizhe believes that the global textile and garment industry will continue to establish new cooperative relations, and the cooperation between the industrial chain and the supply chain will be closer.

This social responsibility crisis will push the development of the industry to a new level. Sun Ruizhe pointed out that as the supply department of important livelihood products and epidemic prevention materials, the characteristics of good value and responsibility development of textile and clothing industry are strengthened in the epidemic situation. It will be integrated into the whole production chain and social value chain.

The outbreak of the epidemic has widened the social distance and formed market isolation. The real pressure is forcing the global textile and garment enterprises to accelerate the online and offline integration, and promote the digital transformation of resource organization and market connection. From the perspective of high-quality and high-efficiency innovation, enterprises need to create high-quality and high-efficiency products; From the perspective of long-term strategic innovation in the textile industry, especially in the field of smart materials and equipment, more attention will be paid to the independent innovation of the fiber industry and other related fields.

In terms of maintaining the stability and security of the global industrial chain and supply chain, sun Ruizhe suggested that the International Textile Federation should unite its global members, gather experts from global think tanks and industry leaders, focus on global issues such as geopolitics, epidemic situation, climate change and social responsibility, digital economy, etc., which are bringing profound impact and change to the industry, and make a strong voice of the textile industry to the whole world , leading global industry enterprises to join hands to meet challenges.