at large would bear the brunt there is a realization that acute dependence on one source for key inputs is a highly risky and that the world is staring at an economic slowdown goel says the crisis is now across the value chain and not only due to shortages of material supplies but also due to restrictions put in place across the globe as lockdown of entire cities takes place consumer confidence has fallen sharply no industry has been spared and major shows and events across the world have either been cancelled or postponed stefanie bauer director circular apparel innovation factory caif intellecap says that while it is too early to say how much of the exports will get affected the coronavirus has taken a toll on major fashion events around the globe that are critical events for the indian industry while events in asia like intertextile shanghai tokyo fashion week and beijing and shanghai fashion week have already been cancelled a number of annual european or usbased events are either postponed or cancelled such as the copenhagen fashion summit many brands and designers have cancelled their 2020 fall fashion shows that are supposed to happen in march or april and showcase their fall season online on their websites social media or newly created platformswhile it is too early to say the size of the impact estimates state that the impact could be as big as 64 million shipping and transportation has the largest exposure to a global slowdown induced by coronavirus and u shekhar chairman galaxy surfacent ltd says the real impact of the virus would be felt across logistics and cargo movements transportation certainly is impacted as a result of the outbreak where clearances of containers have not taken place smoothly at various ports such instances put huge pressure on the availability of containers for movements and we do see a lot of blank sailing which means while there are movements of ships but not much cargo is contained therein this is one aspect we see the virus impacting the international flow of trade says shekhar bhardwaj says it is difficult to predict the impact of coronavirus in indian economy as of now but there is a need to be very alert looking at what happened in china it could be imagined that it can completely paralyze the economic activity within no time if allowed to spread he says by pranbihanga borpuzari et online published on mar 18 2020 at 0119 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app