DEMAND OF LEATHER OUTWEAR IN CORONA LOCKDOWN
CORONA VIRUS AND ITS IMPACT ON HEALTH:
The Covid-19 which is commonly known as the coronavirus is a highly contagious and infectious disease that was first started in Wuhan, China in 2019. It has been spreading ever since and has taken hundreds of lives. A lockdown is enforced globally to limit the spread of the virus and as a result, everything seems to be more challenging than ever. Instead of coming to a halt, the virus seems to be growing as the days go by. The virus has swallowed the lives of many loved ones. Balancing work and managing mental and physical health seems to be the main aspect of our days.
HOW HAS THE CORONA VIRUS IMPACTED THE ECONOMY WORLDWIDE?
The pandemic Covid-19 that was started from China has managed to make its way to almost all the countries of the world due to which the states are in a full or partial lockdown. The Corona Virus has not only affected our everyday lives but it also has a huge impact on the economies of the world. Small businesses and people’s jobs are at a massive downfall since the huge breakout. Both the physical and online markets are facing a collapse in commerce. Daily wagers and people with low-paid jobs are in a major crisis. Inactivity is rising rapidly and the loss of working hours has dropped by significantly. The disturbance caused by Covid-19 made businesses operate less efficiently than usual, which means employees not being able to go to work and as a result, many people have lost their jobs and some have their incomes decreased. Poverty has managed to seep its way to most people.
IMPACT OF CORONA VIRUS ON TEXTILE INDUSTRIES:
Coronavirus seems to have left nothing in terms of impacting our lives. When it comes to textile, industries have faced a major downfall in the economies as the factories have been shut, and manufacturing has come to a halt. Since the pandemic, people have been focusing more on fulfilling their basic needs instead of luxury items which rely heavily on the Asian market’s purchasing power. The sales have been declined speedily. Border closure and trade restrictions have been preventing the transport and shipping of goods worldwide and as a result, industries have to face a drastic loss.
HOW HAS THE PANDEMIC AFFECTED ONLINE LEATHER MARKET?
Leather goods are considered to be luxurious and due to the pandemic, people are focusing more on their basic needs instead of fancy items and as a result, leather jackets, belts, leather shoes, briefcases, and pants have been lesser in demand than ever. Since the transportation and manufacturing of materials have stopped, the online leather market has had a huge downfall like other industries. As the days go by, people are now slowly going back towards their fancy purchases as well since Corona seems to be settled here for a while. People have been making ways to manage their necessities and trying to make their lives eventful with luxury items as the corona has been part of our lives for quite some time now, although this still might not be possible for most people yet. In the beginning, physical as well as digital marketing had come to a stop but with each day, people have been trying to manage their normal lives too.
As mentioned earlier, leather items are considered to be luxurious and therefore, they are on the pricier side. Since the pandemic, people have been focusing more on basic needs rather than fancy purchases to make ends meet and the sales of Leather Jackets have gone down.
Since people are losing their jobs, the demand for online leather footwear has fallen as well because people are focusing more on what needs to be done first.
People’s shopping priorities have changed since the outbreak and as a result, online sales of Leather Pants have dropped drastically but as the days go by, every day seems more normal now, people are gradually going back to their fancier needs.
People’s purchasing power has fallen since the coronavirus and therefore every luxury items including leather belts were lesser in demand than it has ever been.
Although the physical markets have been limited with strict SOP's only, online marketing has started to gain its pace gradually. As many occasions such as Christmas, New Year and more are approaching, people have started going back to online shopping for some fun to stay sane indoors.
ABOUT LEATHER OUTWEARS:
Leather Outwears is an online platform that facilitates all your outwear-related needs from pure leather, wool, and cotton. With consistency, dedication, and professionalism, it has seized the top spot in the online leather industry.