COVID-19 SUPPLY CHAIN FINANCES NEED GOVERNMENT LUBRICATION TO AID RECOVERY SAY EXPERTS
May 2nd, 2020
WHEN a crisis such as the Covid-19 pandemic hits a supply chain as complex as the clothing sector, financing problems can gum up commercial relationships, so in the short term, governments, along with regional and international organisations, need to step in.
That is the view of Julia Hughes, president of the USA Fashion Industry Association (USFIA), who told just-style: “If you go out of business, no one gets paid.” And the likelihood is that some clothing brands will go into administration, unable to pay rents, essential staff costs, warehousing, bank fees ...
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