There is no doubt that the Coronavirus is putting a strain on the international economy, in addition to the health of citizens. How is the Italian tanning industry reacting?
At the time of writing, in two particular ways. On the one hand, the UNIC – Concerie Italiane reassures the market with the words of President Gianni Russo: “We are certainly experiencing a difficult situation, but the Italian tanneries, which as UNIC-Concerie Italiane we are honoured to represent, are continuing their work with renewed energy, courage and awareness.
Tanneries have lost no time in implementing all the necessary measures to protect the health and safety of their employees and collaborators, and to ensure the continuity of production, as well as technical and design assistance for all their customers.”
On the other hand, they are dealing, literally, with what could happen. UNIC – Concerie Italiane, in fact, has also drawn up partial forecasts, given the constantly evolving scenarios, relating to the impact of the Covid-19 emergency on Italian leather. These estimates are “also necessary to report the seriousness of the economic situation of our supply chain to the government authorities.”
Here they are: “According to the forecasts of the main brands and analysts, the damage to fashion sales (medium to high end) could reach up to 40 billion euros. While the automotive sector shows a total decrease of 8% in European registrations at the beginning of the year and estimates a 2.5% decrease in global sales for the whole of 2020. The overall effect of these decreases in demand on the Italian tanning industry combined with the expansion of the negative effects to other user sectors and other areas in the world” would lead to a loss in turnover of about 10%”.