In October, due to the gradually colder weather, the return of foreign trade orders and the vigorous promotion of e-commerce “Double Eleven”, orders in domestic textile and clothing industries also increased beyond expectations. The “ten” small peak season has allowed many textile bosses to successfully transfer their inventory to traders and garment factories, and the dyeing factories are also “feeling proud”. The situation of warehouse bursting and jamming and queuing up for shipments has once again appeared.
Many textile bosses engaged in foreign trade have been complaining: “The market orders have surged recently. In order to ship quickly, many dyeing factories will choose to complete markets with large quantities and low requirements first. For orders with small quantity and high requirements, it is useless to stamp the expedited stamp.”
Another trading boss, Mr. Yang, who is urging the dyeing factory to ship the goods earlier, said : “Recently, we have been knocking off fast stamps, and the cost has directly increased by about 1 yuan, but in order to catch up with the delivery date, we can only do this.”
This is exactly what happened. So, according to a salesperson from a printing and dyeing factory, he said helplessly that he has been urged by customers to ship goods every day recently, but the factory has a lot of goods, and it will take at least 20 days to ship.
Manager Wu, the person in charge of a dyeing factory in Tongxiang, said that he has stopped taking orders recently: “In the early days, because there was less work, the workers were away. Currently, the dye vats in the factory can only be opened at half capacity. , there is a real shortage of workers, which has led to very slow production. Now we are no longer accepting orders. We just rejected an order of 4,000 meters yesterday.”
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There are actually not a few textile bosses who are currently troubled by delivery issues. Although the intensity of new orders placed in the fabric market has not been as strong as in the past, and the market conditions are cooling down, printing and dyeing manufacturers still have many orders on hand that are being executed. Many dyeing factories have delivery dates of about 10 days, and some manufacturers still have delivery dates of about 10 days. Within 20-25 days, this affected many traders’ order-taking plans.
However, before the printing and dyeing market has cooled down, a series of negative news has come out of foreign markets recently:
01
Recently, the second wave of epidemics abroad has been so fierce that several European countries have once again issued news of “closing down the country”. Following this, many places have finally decided to cancel Christmas markets due to epidemic prevention considerations. . It is understood that the Christmas market usually starts in late November and ends on December 24 every year. There are no activities and no crowds are allowed to gather, which means that the consumption level during the Christmas season will be greatly reduced.
02
According to news, through a survey of more than 2,200 companies in France, Germany, Italy, Spain and the United Kingdom, if their revenue remains at the current level, 55% of the companies are expected to go bankrupt by September next year, which means More than half of foreign small and medium-sized enterprises will go bankrupt.
03
According to a report by Fox News on the 23rd, the American clothing giant GAP stated that it will close 220 stores by the beginning of 2024. The stores with the same name are equivalent to approximately 33% of the total number of stores in North America. Gap has previously taken measures to preserve cash, including furloughing approximately 80,000 store employees, cutting executive compensation, and not paying April rent for temporarily closed stores.
For textile bosses engaged in foreign trade, these news are really a “bolt from the blue”. As usual, foreign Christmas orders will be placed one after another from October to early November in previous years. This is also one of the reasons for the improvement in the market in October this year. Foreign trade market orders are indeed recovering in a good direction.
However, with the second outbreak of the epidemic in Europe, overseas countries have once again issued a “city closure” signal, which means that it will take some time for overseas consumption to recover. Christmas is originally the peak sales season. Demand in this area will decrease in the second quarter, which is undoubtedly a big negative for the textile and apparel industry.
When communicating with a friend not long ago, he said that his friends’ orders have been canceled. Originally, European customers placed clothing orders for Myanmar and Vietnam. Their fabrics have been canceled due to the epidemic. “Two days ago, Myanmar customers also developed and imported, one batch was satin and the other was imitation memory. As a result, some of them have been made and the order was cancelled. It is not easy to make foreign trade orders now.”
Editor’s note
Undoubtedly, today’s textile market is full of variables. Compared with domestic trade bosses, foreign trade textile bosses are also under more pressure. Fortunately, thanks to the previous wave of market conditions, textile bosses now have more or less orders on hand to execute, and the pressure on textile bosses is generally good before mid-November.
However, with the outbreak of overseas epidemics, especially in the hardest-hit areas in Europe, it is very likely that orders will be canceled again. Therefore, the editor hereby reminds all friends that when accepting orders, When ordering, be sure to pay attention to delivery, collection and delivery risks!
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