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Textile Industry Orders Down 42 Percent in 2020: ITMF Survey

Consumers are shopping and denim is poised to be their go-to. Join Rivet tomorrow at 11 am ET for a roundtable with Diesel, Tenue de Nimes, Isko, NPD and Cotton Incorporated to discuss how denim can position for dominance in the new normal.

Amid widespread economic disruption, textile manufacturers are taking a big hit to business. The International Textile Manufacturers Federation (ITMF), in its fourth coronavirus business impact survey among its members and affiliated companies and associations about the pandemic’s effects on the textile value chain, found orders down 42 percent globally this year compared to 2019. On…

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