Covid-19: Forecast for the Textile Sector

The impact that the crisis will have on companies related to the textile, leather and clothing sector in Central America is estimated to be explained, to a greater extent, by the expected drop in sales of carpets and curtains.

Thursday, March 26, 2020

The "Information System for the Impact Analysis of Covid-19 on Business", developed by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector or economic activity, during the coming months.

It is expected that the sales of handbags, suitcases and similar will be among the activities that will suffer a greater impact in the coming months. Another activity that is in the group of those that will be impacted, but in lesser extent, is the commercialization of Knitted socks and stockings.

The interactive report projects that sales of Footwear with leather and fur cut, and Garments made of leather, fur and substitute materials are some of the activities that will be affected to a great extent.

According to the forecasts, the impact on the Textile, Leather and Clothing industry will not be as severe in this context of health alert and restriction of mobility of people, especially when compared to the effect it will have on sectors such as Restaurants or Transportation.

The information system can help you to answer the following questions:

How and how much will my company be affected?
How much could the demand for my products and services fall in the medium term?
Which sectors are most at risk of registering significant falls in their sales?
How many of my customers and suppliers could face problems?

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