Garment industry in shambles

Recently 4 shocks shook the garment industry –highlighted few points from an article in Hindu business line — Read the full article to have better understanding

1. Shortage of import of raw materials from China which hit countries which are dependent on import

2. Cancelled order or delay in payment from brands

3. Lockdown by administartion

4 Dull demand and slow recovery due to macroeconomic trends

This all will contract the industry by 20-30% despite an opportunity to make masks and other related stuff

Also read : https://alpha-affairs.com/2020/08/19/yes-bank-path-to-recovery/

Also read : https://alpha-affairs.com/2020/08/19/one-more-blow-to-hospitality-industry/

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