As soon as the announcement of 21-day lockdown was announced to fight the dreaded COVID-19,this unprecedented crisis hit every aspect of our lives, and a clearer picture of the effects of COVID-19 on consumption and distribution are emerging now.
The textile and clothing Industry employs over 105 million people and also earn around US $ 40 billion forex, apart from substantial revenue under GST and other taxes.
“Currently, the retail industry is under lock-down (“closed”). With no revenue flow, the impact is significant to all retailers small or big,” the group representing more than 5,000 retailers said in a press release. “The entire consumption value chain will feel the impact of store closures.
The lessons learned are immense which is changing the way we operate out of every single breath of our lives. The entire situation in the words of our CEO is an “Un Chartered Territory” unimagined by anybody. We have to take it as a learning experience to sharpen our tools to combat the situation with a new burst of energy and positivity. What makes us working together in the bleakest of situations is the common thread or the SINGLE SOURCE OF TRUTH.
Digital transformation. At its highest level, means using digital technologies to create game-changing business innovations. Now is the time to look for those avenues can change your game and take you to a different level of total transparency and with no loss of information at every step of creativity from paper to production to stores.
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