The COVID-19 crisis surpasses the capacity of individual actors and affects each member differently. The effects of the crisis on the work of the Textiles Partnership were presented by the head of the Partnership Secretariat Jürgen Janssen in a live stream at the beginning of the Working Meeting: Only through collective action, a partnership approach and shared responsibility can the effects be mitigated, especially at the present time, and the goal of a sustainable textile supply chain be further pursued.
Karl-Hendrik Magnus from McKinsey explained the effects of the COVID-19 crisis on the garment and fashion industry based on a study by the consulting firm. Among other things, a consolidation of brand companies and suppliers is to be expected, with a stronger orientation of consumers towards health and sustainability and a more flexible design of supply chains. Details and figures from the McKinsey study will be published shortly in the Sourcing Journal.