Vietnam has 9,764 new cases, and another province has doubled its number of cases
Vietnam’s current epidemic situation is developing seriously, with a total of 19 provinces and cities entering a state of movement restrictions, and confirmed cases nationwide The total number of people has exceeded 130,000, and the number of confirmed cases in Ho Chi Minh has also exceeded the 100,000 mark.
Vietnam has reported nearly 10,000 new cases (9,759) in 41 provinces and cities in the past 24 hours, setting a new peak in history. Among them, Binh Duong Province has experienced a “king-like” doubling of cases. situation, a surge of 2,022 cases in 24 hours. The number of provinces in Vietnam with confirmed cases is on the rise, which is directly related to the large number of workers returning home from Ho Chi Minh City.
On the morning of July 30, Vietnam’s epidemic prevention department released new coronavirus diagnosis data. The number of new confirmed cases in various parts of Vietnam is still only increasing, with 63 provinces across the country Almost all of them have been “lost”.
Although many places in Vietnam have implemented strict anti-epidemic blockade measures and set up checkpoints and checkpoints at major traffic intersections, there are still Vietnamese people who “do their own thing” “Many people were lucky and planned to pass through the checkpoint, and the scene was very chaotic.
Affected by the epidemic, 97% of textile companies in South Vietnam have suspended production. The first wave of most factories will be suspended from 0:00 on July 15th until the three principles are met. , produce on the spot, eat on the spot, rest on the spot, and can only resume work after being inspected and approved by the local disease control bureau officials.
Although export orders for the Vietnamese textile industry have been received in the third quarter, companies are currently struggling to strike a balance between production activities, ensuring employee employment, and profits. Requiring brand customers to delay payment for 2 to 3 months, or even 6 months, is beyond the capabilities of the company. Moreover, in the face of the huge risks brought by the increasingly complex epidemic, some brand customers have moved their orders out of Vietnam, and there is even a trend of returning to the Chinese market.
With the bankruptcy of the 3T local principle, more and more companies have been burdened with huge cost burdens and epidemic prevention pressures, and they can only suspend production and close their doors and let their employees go home. This will result in a large number of unemployed people with nowhere to live, and Vietnam’s social stability will also face tremendous pressure.
No boxes available, Indian exporters unable to accept new orders
Foreign buyers have started canceling shipments from India as there are no boxes available for Indian exporters, leading to cargo piling up at different ports for weeks.
Coupled with soaring freight rates and port congestion, with freight rates already higher than the cost of products, India’s small exporters are fighting for every penny.
HKL Magu, general manager of New Delhi-based apparel manufacturer Jyoti Apparel, said in an interview: “High freight can be absorbed, but the absence of containers directly changes the rules of the game. Several ships are bypassing India because there are no containers to carry the goods. Sometimes our goods are sitting in the port for three to four weeks. International buyers tell us to either cancel the order or fly it. But air freight rates are also soaring. ”
Before the epidemic, the air freight rate for each batch of general cargo fluctuated between US$1.07 and US$1.34, but now it is between US$4.38 and US$6.04.
“For us, clothing is a perishable item because fashion and trends change quickly. If clothes of a certain color are on the shelves in August, but the goods do not arrive on time destination, the value of the garment will be halved due to obsolescence. Until we have our own containers, the shortage of containers will continue.”
Last fiscal Year-on-year, India’s ready-made garment exports fell by 20.75%, while textile and apparel exports fell by 13%.
While exporters are in talks with shipping lines and the Indian Transport Ministry, the Federation of Indian Exporters Organizations (FIEO) will soon launch an online portal to facilitate exporters business operations.
FIEO Chairman A Sakthivel said: “FIEO will launch an electronic module in mid-August 2021 to provide a platform where shippers can submit container requirements and freight companies can publish their Competitive quotes. This market will ensure transparency, competitive pricing and effective planning.”
Indian factories shut down , the clothing industry lost a large number of orders!
Tirupur, a city in the southern Indian state of Tamil Nadu, is an important base for India’s garment production. Affected by the epidemic, the Indian garment industry has suffered heavy losses.
This is a garment processing factory in Tirupur, Tamil Nadu, southern India. There are more than 17,500 such garment factories in the local area. 60% of the knitted clothing in India comes from here.Many multinational apparel fast-moving consumer goods are also processed here.
International garment companies launch new styles of clothing every month, and clothing factories need to closely cooperate with order requirements. After the second wave of the COVID-19 epidemic in India, there are already more than three Indian clothing factories. Months of inability to meet customer requirements may ultimately result in the loss of international customers in the long term.
According to Indian media reports, affected by the epidemic, some multinational clothing retailers have moved 15-20% of orders to other countries. During the second wave of the COVID-19 epidemic, the city’s garment industry lost at least about 100 billion rupees, or about 8.7 billion yuan. India’s apparel industry provides approximately 12 million jobs. Industry insiders in India said that the blockade has had a huge impact on the manufacturing industry.
Bangladesh textile and garment industry implements two-week lockdown
Due to the rampant spread of the Delta variant of the new crown virus, the Bangladesh government decided to implement a nationwide blockade policy on the country’s textile and clothing industry on July 23 after the Muslim Eid al-Fitr (July 19-23). .
(Bangladesh is the world’s second largest exporter of textile and clothing products after China)
It has been observed that due to the blockade This period coincides with 40% of Bangladesh’s annual exports of textiles, making things complicated; orders for the 2021/22 autumn and winter series began to be delivered around May. Compared with the same period in 2020, Bangladesh’s export volume increased by about 12%.
This blockade may cause some customers in the industry to transfer orders, but there is no other region to transfer except China, where manufacturing costs are higher. Although the Cambodian and Thai governments have not yet implemented blockade policies on the industry, as far as is known, larger exporting countries such as Vietnam and Indonesia have begun to implement safety restrictions in response to the epidemic.
Due to the new wave of epidemics and the lingering problem of container shortages, both Chittagong Port in Bangladesh and Indian ports are facing severe cargo accumulation and serious port congestion.
The ongoing lockdown in Bangladesh has started to take its toll on the shipping industry, especially at the port yards, which have led to severe congestion as importers have barely been able to receive containers.
As of July 26, a total of 43,574TEU cargo was accumulated in the Chittagong terminal yard, while the total port capacity was 49,018TEU. On July 25, only 191TEU cargo was delivered from the terminal, compared with the usual delivery volume of 4,000TEU. The lowest delivery volume was on July 21, and the importer only received 128TEU cargo.
Importers said that due to the lockdown, factories and warehouses are now closed and all employees are on leave, so no one is picking up containers from port terminals.
The counterattack of the epidemic in manufacturing countries has brought positive effects to my country’s domestic market. Orders from India and other Southeast Asian countries have also begun to return to my country, which has a positive impact on domestic textiles. , chemicals, rubber and other industries have brought about a surge in the number of orders.
The reshoring of textile orders mainly benefits from two factors. First, my country has done a very good job in epidemic prevention and control and economic and social development. It has taken the lead in resuming work and production, which has not only effectively guaranteed the domestic market supply, but also supported the smooth operation of the international industrial and supply chains. In comparison, India and some Southeast Asian countries have not done an ideal job in epidemic prevention and control, which has led to an impact on the industrial chain. Many tasks cannot be completed as scheduled, and some textile orders have been forced to be canceled or redirected to countries such as China. Second, our country has a sound and complete textile work foundation, with both raw materials and chemical raw materials, a complete supply chain, and a high degree of industrialization, which can complete orders in the shortest time and at a low cost. This is also the main reason for the return of overseas orders.
The resurgence of overseas textile orders proves from one aspect that in the face of anti-globalization and the turbulent international industrial and supply chains caused by the raging epidemic, Chinese manufacturing can play the role of a voltage stabilizer. , with the strong supply capacity of its complete industrial system, it can make up for the temporary order gap and meet the needs of the global consumer market. </p
