China is a major hub for manufacturing fashion items amongst other products.
Because major factories have had to close operations, this might mean a business-slow-down for a lot of retailers, who patronise Chinese companies.
“Made in China” is a phrase we are all familiar with because a good number of products we consume, especially here in Nigeria, are produced in China.
Retailers and designers all over the continent will be adversely affected by this since production has been put on hold and exportation will subsequently be impossible for the Chinese companies.
The immediate past president of the Abuja Chamber of Commerce and Industry (ACCI), Mr Tony Ejinkeonye, confirmed in an interview with Daily Trust that the outbreak of coronavirus in China has had a global impact on business and economy.
Fashion and textile cmpanies like ATL, Printex and Ghana textile prints, will be greatly affected as they may not be able to import goods in the mean time.
Designers will be affected by this as there will be a reduction in the amount of fabrics availble to designers, since China is a major hub for textile production in the world.
This might also result in a hike in prices of fabrics, appliques and other sewing materials.
In the business world, fashion entrepreneurs might start looking for alternatives to essential fashion items, machineries and accessories made in China.