5th ITMF Corona-Survey: 69% have reduced production
Between September 5th and 25th, 2020, ITMF has conducted its 5th ITMF Corona-Survey among ITMF members and affiliated companies and associations about the impact the Corona-pandemic has on the global textile value chain. In total, 216 companies from around the world participated.
Between September 5 and 25, 2020, ITMF has conducted its 5th ITMF Corona-Survey among ITMF members and affiliated companies and associations about the impact the Corona-pandemic has on the global textile value chain. In total, 216 companies from around the world participated. They report that the Corona-pandemic led to a significant reduction of production capacities. About 23 per cent of the respondents reduced production by more than -30 per cent and another 19 per cent by -20 to -30 per cent. On the other side of the spectrum – and unsurprisingly – only 9 per cent of companies have increased their production capacity during the pandemic. About 21 per cent did not make any change (Graph 1).
CATEGORIES Industry Update
