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Challenges that Fashion Industry face during Covid-19 crisis - Coggle…
Challenges that Fashion Industry face during Covid-19 crisis
Decrease in Demand
Lockdown
Consumer saving money for other expenses
Decrease in Supply
Disruption of production (Due to closed stores)
All supplier also affected
Difficulties to market the product
No physical Marketing
Outdoor Promotion
Fashion Show
Unemployment
Business need to decrease number of employees due to low revenue
Small Fashion industry might close their business operation due to decrease in operation
Unsold inventory
Closed store/ Factory
Cancellation orders from customer due to late shipping (Boundaries between state are closed)
Supply chain disruption
Supplier factory are closed
Time consuming in shipping raw materials (internationally)