How the textile industry can help countries recover from COVID-19
- Date: 10-Aug-2020
- Source: World Economic Forum
- Sector:Industrial
- Country:Egypt
How the textile industry can help countries recover from COVID-19
The textiles and apparel sector can create jobs and spur further industrialization in countries recovering from COVID-19.
To make the most of this opportunity, however, countries will need to embrace new partnerships and approaches.
The COVID-19 pandemic is an unprecedented public health crisis that has exerted an external shock on the global economy. Despite this contraction, the textile and apparel industry could be a key engine for growth and employment in certain countries.
The textile and apparel opportunity
Countries building back after COVID-19 should not ignore the textile and apparel industry; it is considered a starter sector in the road to industrialization. When the industry expands, it provides a base on which to build capital for more technologically demanding industries. In fact, the textiles and apparel sector can be