How does the epidemic affect textile companies?

Regarding the impact of the epidemic, some spinning companies stated that the global development of the epidemic had a negative impact on exports:

On the one hand, in the early stage of the outbreak of foreign epidemics, a large number of orders that have been placed were cancelled, and some were almost completed, and the customer suddenly withdrew the order, resulting in a certain order loss.

The second is that the number of new export orders has been greatly reduced. The port and flow restrictions brought by the outbreak have significantly reduced the consumption of clothing with greater flexibility. A large number of clothing stores have closed. Many factories that rely heavily on foreign trade are facing no single order. Happening.

The third is that after some export orders arrive at the destination port, they encounter bankruptcy of the customer, the customer refuses to pick up the goods, and the port is closed to unload the goods, causing certain losses.

Of course, this situation is only a few, but it also makes the factory extra cautious when taking orders, and it is also more demanding in terms of payment methods. Otherwise, it would rather not accept, so it is difficult for the two parties to reach an agreement. Finally, some orders are lost to Southeast Asia and other places.

Binzhou Hengfeng Chemical Fiber Products Co., Ltd. registered trademark "Hengfeng", the main products include: high-strength polypropylene yarn, polypropylene color yarn; ship, maritime marine rope; safety protection, rock climbing and mountaineering, fire rescue escape rope; aerospace, military Equipment rope; chemical fiber nets, spreaders series products.