Overseas Epidemic Spreads Nearly 200 Shandong Textile Enterprises Online Business Strategy

With the spread of overseas epidemic, the Shandong business department joined hands with the domestic textile import and Export Chamber of Commerce and industry experts to find countermeasures for textile enterprises. In March 30th, the "Shandong textile industry development and risk management forum 2020" was held.

Unlike in the past, the forum adopted the way of "main venue + Tencent network conference cloud forum", with the theme of "Combating epidemic, penetrating risk, transformation and upgrading, and seeking common development". The online forum attracted 195 enterprises and more than 270 participants at the network entrance.

Ministry of commerce data show that in 1-2 months, China's total foreign trade import and export volume was 4 trillion and 120 billion yuan, down 9.6% from the same period last year. Of which, exports of 2 trillion and 40 billion yuan, showing a decline of two digits. From the Shandong market, 1-2 months, the province's import and export 278 billion 80 million yuan, a year-on-year decline of 7.9%. Of which, exports were 138 billion 760 million yuan, down 11.7%.

The industry experts released the latest survey data of the China Cotton Association. As of March 20th, 50% of the surveyed enterprises indicated that they had already been able to meet the needs of customers, accounting for 35% of enterprises with insufficient supply and insufficient orders, and 3.33% of those which did not start normally.

The cotton textile industry boom report shows that in February, the product sales index was 34.23, a decrease of 5.21. In the first half of February, the market was at a standstill, and production and trading were basically stagnant. In the late part of the year, the resumption of business resumed and resumed recovery in various areas. However, the problem of increasing market demand, shortage of market and limited sales channels began to disturb enterprises.