As the reality of life under lock-down in many countries around the world sets in, the future looks uncertain as of now.. Despite the absence of a clear end-date for the novel corona-virus pandemic, the latest indications are that social distancing will last until a vaccine is available."This is an opportunity to redefine business models and build a more sustainable, progressive future” for the fashion industry.There is a very famous saying...
When the going gets tough, the tough get going....
Believing this we all belonging to textile Industry are constantly asking these questions...
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- Who will survive Covid 19 in Fashion business?
- What's the future of individual retailers?
- What's the future of the so many young fashion designers?
- What's the future of fashion shows? trade-shows?
- How do Fashion Brands position themselves as it's not considered essential spending right now?
We all agree that corona-virus has changed just about everything. Currently people are not interested in buying the latest styles, instead they want to stay connected with the Brand they already familiar with.
I don't think, Trade shows are going to take place another one year, and even if it happens will have only local O.E.M. Manufacturers and Buyers
Some fashion-brands and volume retailers are planning to postpone the presentation of their collections to 2021, saving R& D expenses..,
O.E.M. manufacturers often find themselves in difficulties because the produced merchandises could not be delivered and paid for. There may be a solution.....
I strongly feel this is the time that we all Fashion Enthusiasts, Entrepreneurs and Brands stay together, develop friendly discussion platforms, creates online friendly events together on a common platform, launch new services and experiences to improve relationships with their traditional B2B audience.... Just connecting to your Customer's heartstrings and their need to financially survive and correlate strategies ....
