COVID-19: Impact and challenges on worldwide economic and social development.

COVID-19 pandemic has brought many challenges and large impacts on India and even the worldwide economic and social development. The auto and repair industry has also been seriously affected by this new background. so as to avoid the concentration of individuals, many governments require stores to be closed, leading to a 100% drop by turnover. The sudden coronavirus pandemic has caused an unprecedented huge impact on India's textile, auto& service sector, and apparel market demand.

 

At an equivalent time, the epidemic has pushed the event of Southeast Asian textile and apparel to the “suspension key”. consistent with the analysis report "Coronavirus (COVID-19) Impact on Global Trade" released by the United Nations Conference on Trade and Development, the worldwide textile and garment industry will, therefore, lose quite US $ 1.5 billion (approximately RMB 10.4 billion), supported export trade. The textile and garment industry in Southeast Asia, which is supported, has been greatly affected. thanks to the spread of the epidemic in Europe and therefore the us , many international clothing brands based in Southeast Asia have successively cancelled or postponed orders. consistent with data from the Ministry of Industry and Trade of Vietnam, orders for textiles and footwear in Vietnam will fall by approximately 70% year-on-year in April and should 2020; thousands of garment factories in Bangladesh are cancelled, and data from the Bangladesh Garment Export Promotion Bureau show that In March, Bangladesh ’s apparel exports fell by quite 20% year-on-year; India ’s comprehensive blockade extended, causing the textile industry chain to almost stagnate; textile and garment production, exports and employment in countries like Cambodia and Myanmar are generally facing pressure.

 

Based on the background of worldwide trade environment development, there is need of structured value actions that will go far into the unprecedented crisis‘s impact on the worldwide textile and apparel supply chain, the most recent status of trade development in Asian countries, the present challenges/new risks and coping strategies of Asian textile and apparel industry, sourcing shifts and digital transformation of textile and garment industry. Now there must be support required from governments and other players will call conferences aims at providing a platform for industry players to find out the newest industry news and intelligence, exchange each source and private insights to assist out tons of companies get through this tough time and make a sustainable future

1. Now and Future: New Risks and Opportunities of India Textile, garment and Auto industry amid-COVID-19

2. The Future of India-China Trade: What Happens Now and what is going to happen next?

3. Is Anti-globalization Coming Soon and the way will it Affect the China Textile and Apparel Industry?

4. Asia Textile and garment industry within the Post-COVID era: Opportunities and Challenges

5. How Might COVID-19 Affect Apparel Sourcing and Trade?

6. How will Manufacturing and all other industries Survive Amid-COVID-19 and Revive Post-COVID-19?