Industry could be looking at 10%-15% job losses
COVID-19 continues to rage, prompting the Indian administration to lock down several districts. Fibre2Fashion spoke to a cross-section of industry players.
Our sales team is the most affected by this. Our online business continues as before. Overall, we are definitely seeing a reduction in our sales. We have started to cut back a little in purchases and expenditure but are watching closely. I am very happy with the way the government is handling the situation and I am really hoping that things will be back to normal in the next couple of weeks.
Covid-19 has brought disruptions in the supply chain due to economic slowdown. Importers are asking for delay in shipment or even cancelling it. Indirectly, it would hit us also. People would not buy, and it will be a chain reaction that would come back to us. As everywhere in the world, retail sales are also not happening.
Published on: 23/03/2020
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.