A number of companies that make products for the brands say authorities are closing factories to prevent further spread of the corona virus. Connoisseurs fear even more production problems due to the low vaccination coverage in the region. That could have consequences for the holiday season.
The delays could jeopardize production of apparel for the upcoming holiday season in both the United States and Europe. As a result, shoes and clothes wouldn’t hit stores in time for Thanksgiving. In the US, that is the traditional start of the shopping season during the holiday season.
Other sectors, such as the car industry, are also suffering from factory closures. For example, car manufacturer Toyota plans to close three factories in Thailand for a week because a rising number of infections makes it difficult to get parts.
Experts think it will get worse before it gets better. In Asia, for example, the slow pace of vaccination will cause more factories to close and problems with staff. This will cause other problems in other sectors. The experts are particularly concerned about the advance of the Delta variant, which is rapidly spreading in the region.
In order to stay in business, some companies take drastic measures. In some cases, employees of electronics and tech companies had to sleep in the factory.
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Coronaleed in Asia jeopardizes delivery of clothes and shoes around holidays | Financial
Source link Coronaleed in Asia jeopardizes delivery of clothes and shoes around holidays | Financial