German Perspective – 25.02.20
What happened this week: The world is dominated by the news surrounding the coronavirus. Travel, trade and transport are being seriously hit and almost everyone is being affected by the consequences. Under these circumstances, the trips to Milan were made and everyone was interested to see what it would mean for such an international event. Already on day one the attendance was quite impressive. The aisles were far from being deserted, despite the majority of Chinese visitors not attending.
It was all pretty much business as usual and we would even go as far as to say that most exhibitors we spoke drew positive conclusions about the business and commercial discussions they had had. There is no question that nobody knows what the medium- and long-term consequences of the coronavirus might be. Private consumption will be hit. The almost complete shutdown in China will leave deep gaps and the disruption in many supply chains will have consequences. However, the leather pipeline took it very professionally.