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2020-10-01

5th ITMF Corona-Survey: Vertical integration improves resilience

Between September 5th and 25th, 2020, ITMF has conducted its 5th ITMF Corona-Survey among ITMF members and affiliated companies and associations about the impact the Corona-pandemic has on the global textile value chain. In total, 216 companies from around the world participated. When looking at the different segments of the textile value chain (Graph 1), it is interesting to observe that the segment of finishers/printers is expecting in 2020 a significantly stronger reduction of turnover (-30%) than the other segments.

Like the 4th ITMF Corona-Survey revealed, integrated manufacturers  seem  to  be  coping  better  with  the  negative  effects  of  the  pandemic  than  other  segments.  Under  “Others”  companies  can  be  found  that  are  active  in  various  segments  of  the  textile  value  chain  listed  but  also  companies that are supplying chemicals, dyes, auxiliary material, etc. 

Source: 5th ITMF Corona-Survey (September 5-25, 2020) © 2020 ITMF
Source: 5th ITMF Corona-Survey (September 5-25, 2020) © 2020 ITMF


The Corona-pandemic has proven in a brutal way how important digital capabilities are when physical interactions with suppliers or customers are impossible or restricted (Graph 2). 21% of all companies see a necessity to improve their digital capabilities.


18% are of the opinion that reducing the dependency from few customers is important going forward, followed by 17% of companies for which both broadening the products on offers and strengthening the balance sheet are crucial in the future. 15% are of the opinion that changing the products on offer is necessary and 10% believe that reducing the dependency from few suppliers is a relevant objective. 

Source: 5th ITMF-Corona Survey (September 5-25, 2020) © 2020 ITMF
Source: 5th ITMF-Corona Survey (September 5-25, 2020) © 2020 ITMF


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