Dilip Gyanchandani, Country Manager, India, Wool Mark Company
From the textile and garment industry prospective there would be short- to mid- term business impact on volumes as due to the lockdown working factories have come down to minimum production levels. From September onwards, normalcy should be restored but it will take about three to four months for the industry to bounce back. Things are looking good now but it is an uncertain period and is difficult to say something at this stage because it looks like we are containing the pandemic.
We at Wool Mark in India are working from home. As usual, we are connected with partners and providing online and digital information. At this point, they have enough time to go through the digital courses to study fiber, our product and development and wool as and when they are free. We are also ensuring all our staff globally are safe at home and are inter connected to create a positive environment.
In the near short to midterm there would be an impact on business because there will be a disruption in global supply chain. Most countries are now fighting the pandemic. At the moment, I don’t see any difficult time zones for the next six weeks. I believe from the end of April to mid May things will start recovering if everything goes well. Our financial year starts from July, hopefully in the coming financial year, we should be able to do good and be able to come out of this crisis.
Two things emerge clearly for garment brand owners. Firstly, a slowdown is acceptable but a lockdown is something that has never happened and this has created a huge impact on the textile and garment. These are life’s learning. There will be more sustainable demand and business in future which will drive the goal but it would be in a balanced fashion.