The global fashion industry is feeling the wake of the coronavirus, with Indian retailers and sourcing executives next to feel the slowdown of the public health emergency with the upcoming trade show Apparel Sourcing Week being rescheduled.
As the event is held in Bengaluru, India — it aims to place the emphasis on the intersection between Asian manufacturers, global buyers and Indian retailers. It is produced by Apparel Resources and includes representation from sourcing destinations like Vietnam, Sri Lanka, China, India and Bangladesh.
While usually held in February, event organizers are taking precautionary measures in stride with some of the travel advisories instated by the Chinese and U.S. governments.
A Thursday statement from event organizers on the event’s web site read, “The deadly coronavirus has created a global emergency situation, and for us at ASW, the public health and safety of our exhibitors, visitors and speakers are of prime concern, especially as countries issue advisories to curb international travel and movement in crowded places.”
Offering apologies for inconveniences in the postponement, ASW targets mid-June for the rescheduled two-day programming which includes executives from Nike, Li & Fung, Indian management consulting firm Technopak and Chargeurs PCC among others.
It echoes the caution and uncertainty from show-goers and designers during the fall 2020 women’s wear fashion weeks and displayed by many apparel companies, like Levi Strauss & Co., Ralph Lauren Corp. and Nike Inc., which are closing around half of their stores in China, as WWD reported.
Entities such as the American Apparel and Footwear Association and The American Association of Port Authorities are citing close watch for advisories and updates from the Centers for Disease Control and Prevention and the Department of Health and Human Services.
Earlier this week, Capri Holdings quantified the disruptive impact of the illness as it relates to sales terms. Too, the beauty industry is citing the virus as cause for slogging sales. “The third quarter is anticipated to be the most negatively impacted by the coronavirus with sales declining versus the prior-year period,” Estée Lauder company offered in a statement, as reported by WWD.
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