The textile services sector, especially industrial laundries, which provide critical support to the healthcare and hospitality industries could be severely hit by the ongoing energy crisis in Europe. Many of these units are SMES and stand in the danger of having to shutter down if energy prices are not immediately capped.
The recently-announced EU Textiles Strategy is likely to have a bearing on how the textiles-apparel-fashion industry works around the world. But before that can happen, the Strategy would have to be writ in law(s). A peek into how matters might unfold.
