Orders are urgently stopped and the payment cycle is lengthened. Companies need to be alert to the cash flow crisis!
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- Time of issue:2020-04-09 14:05
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(Summary description)Some experts said: The new crown epidemic that has swept the world is a very typical black swan event. It will have a serious impact on the global economy, society and financial system from both the s
Orders are urgently stopped and the payment cycle is lengthened. Companies need to be alert to the cash flow crisis!
(Summary description)Some experts said: The new crown epidemic that has swept the world is a very typical black swan event. It will have a serious impact on the global economy, society and financial system from both the s
- Categories:News
- Author:
- Origin:
- Time of issue:2020-04-09 14:05
- Views:
Information
Some experts said: The new crown epidemic that has swept the world is a very typical black swan event. It will have a serious impact on the global economy, society and financial system from both the supply and demand ends, and the world political and economic situation will also occur Significantly changed ...
Recently, I heard the most word from Boss boss: when you fall, you have a headache, and when you go up, you also have a headache!
Last week, the crude oil market was abruptly changed, and bulls suddenly broke out, driving up the prices of bulk polyester raw materials, and polyester filament also ushered in a long-lost price increase.
For a time, many downstream manufacturers have also entered the market to buy goods, and the production and sales of mainstream polyester yarn manufacturers have broken hundreds of days! After this wave of "crazy", many weaving enterprises' stocks of raw materials on hand rose from the previous week to about half a month, but recently the cloth boss has begun to count how long the funds on hand can support.
In an incomplete survey, 80% of textile company bosses said that sales in the first quarter of this year fell by 30% compared with the same period in previous years, and even more, they fell by as much as 80%. A small number of textile companies have been trading at zero since late March.
With the stagnation of market order flow, the rate of corporate order repayment has slowed down significantly.
Recently, we are also very anxious. There was a payment that should be settled in mid-February, but it was delayed because of the epidemic at that time. Until now, this payment is still on the other party's account.
The textile market has experienced a "cold spring", which has made many textile bosses realize that the funds on hand are starting to tighten, and the stocks in the factory are still high, and it is difficult to realize in the short term.
Order urgently stopped! The payment cycle is more than 3 months, boss Bo: the payment! Payback!
This year's textile makers are making jokes: playing in the first half at home and moving to the second half abroad. After the foreign traders watched the whole audience, the foreign trade boss was also granted the title of "Most Poor Textile Boss". As brands continue to close stores, cancel orders, and postpone delivery, market orders are lacking in fermentation, and customer return cycles are forced to be extended.
To make matters worse, some of the orders that have already been completed are dispatched and "emergency halted", which leads to a more distant payment.
A fashion fabric and textile boss in the European and American markets said: "In the past, it was a monthly settlement with customers. It took 1-3 months from delivery to receipt of payment. At present, many payments have not yet returned. It is normal for domestic payments to come over. However, overseas payment has a great impact, because foreign customers have stopped working. "Some textile bosses said that the current payment cycle is about 4 months, which is about 1 month longer than before.
For the textile boss, after experiencing the shortage of orders, the biggest pressure is still cash flow. The textile industry belongs to the "fish-and-dragon" industry, ranging from tens of thousands of looms to dozens of looms, all of which can find their own suitable space to survive in the market.
Therefore, in an era where the market is relatively good, many bosses have raised funds from banks to expand the scale of production. However, as the overseas epidemic has intensified, domestic demand and the foreign trade market have not improved, which has led to the boss ’s desire to achieve fast payment. It's not easy.
Of course, the country will not continue to watch the domestic business environment continue to be harsh, and governments around the world have begun to withdraw more targeted measures to help small and medium-sized enterprises import production and resume new development.
The central bank made a heavy statement: it will never let the market appear short of money! The big move is predictable!
On the morning of the 3rd, at the press conference of the Joint Defense and Joint Control Mechanism of the State Council, Liu Guoqiang, deputy governor of the central bank, said that we will never let the market run out of money, and of course, do n’t spill money. Reasonable and sufficient to meet market demand. Liu Guoqiang said that he will continue to promote LPR reform, guide banks to make appropriate profits to the real economy, and promote a significant decline in corporate financing costs.
He said that the epidemic will have a great impact on the world economy, but how big is it and when will it improve and be full
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TONGJITIANFAN,YANGQIAO VILLAGE，PINGSHUI TOWN,KEQIAO,SHAOXING,ZHEJIANG
Let’s talk
Fax:0575-85723277
Phone:18057595599 Annie Tao