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Current textile business scenario positive: ITMF survey


As per the 10th ITMF Corona-Survey conducted by International Textile Manufacturers Federation (ITMF) among companies around the world in all segments of the textile value chain, the current business situation is mostly positive.

A report by the Knitting Industry shows, around 48 per cent of respondents business to improve March 2022 while 13 per cent foresee gloomy days.

Upstream segments are seen to be faring better than downstream ones since the recovery is under way. Supply chain disruptions are the leading cause for delay in recovery of upstream segment as delays in the supply of raw and intermediate materials accumulates down the value chains.

Furthermore, the shows a significant rise in order intake in September on a global level compared to May and July 2021 and companies anticipate a further increase in the next six months. Order backlogs are expected to remain stable. However, differences between regions and segments may remain.