The COVID-19 (Coronavirus) pandemic has shut down the fashion industry. Aprox. two hundred million of us worldwide are confined to our homes. Over 30,000 retail store fronts are closed, and all fashion events scheduled through May are canceled. Meanwhile, still in the early stages of this unprecedented world event - with no clears signs of when the quarantine will let up - the negative economic impact on the industry is forecasted to reverberate for years to come. With the whole supply chain at a standstill, companies have started layoffs and home confinement and ban on group gatherings has largely rendered fashion a non-essential on the demand side. So to start to wrap our heads around the unimaginable but potentially very real repercussions, a world event of this magnitude can have on our livelihood, mental state and an entire industry; in this episode, we start the conversation on, what the Coronavirus will mean to the future of The fashion industry?
We're recording this from our respective homes, on a new app, so please excuse any sound interruptions, we promise we'll get a handle on it and it'll improve.
Please let us know what you think about what's currently happening and also what you'd like to hear from us, any topics that are most relevant for you and we'll discuss!
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