ACIMIT conference confirms industry downturn

The world that awaits us in this post Covid-19 era was the dominant theme discussed at the conference of the trade association ACIMIT (Association of Italian Textile Machinery Manufacturers), held in Milan on October 6. In 2019, Italy’s production output of textile machinery dropped by 11 per cent compared to 2018, while exports fell 12 per cent.

 

The world that awaits us in this post Covid-19 era was the dominant theme discussed at the conference of the trade association ACIMIT (Association of Italian Textile Machinery Manufacturers), held in Milan on October 6. In 2019, Italy's production output of textile machinery dropped by 11 per cent compared to 2018, while exports fell 12 per cent.#

“In the coming years, the climate of uncertainty we are experiencing will worsen, and health emergencies will combine with further geopolitical tensions which are already heavily affecting business,” ACIMIT president Alessandro Zucchi, said in a press release.

 

The world that awaits us in this post Covid-19 era was the dominant theme discussed at the conference of the trade association ACIMIT (Association of Italian Textile Machinery Manufacturers), held in Milan on October 6. In 2019, Italy's production output of textile machinery dropped by 11 per cent compared to 2018, while exports fell 12 per cent.#

The sharp decline in manufacturing activity in 2019 was common to both foreign and domestic markets in Italy. This widespread lessened demand in the main Asian and European markets has weighed heavily on machinery sales abroad, also affecting the US and South America. A similar scenario was observed in Italy, where both imports of machinery of foreign origin and deliveries by Italian manufacturers decreased significantly.

 

The world that awaits us in this post Covid-19 era was the dominant theme discussed at the conference of the trade association ACIMIT (Association of Italian Textile Machinery Manufacturers), held in Milan on October 6. In 2019, Italy's production output of textile machinery dropped by 11 per cent compared to 2018, while exports fell 12 per cent.#

This precarious economic situation, which in early 2020 hit Italy’s textile machinery industry already affected by a weaker global demand then suffered from the strong impact brought on by the pandemic. The repercussions were highlighted by a severe scaling back in orders for Italian producers, as monitored by the association on a quarterly basis. The order index for the first six months of the year dropped 39 per cent compared to the same period for January to June 2019; a recessionary picture that remained confirmed for the whole of 2020, despite some timid signs of recovery in the third quarter. A recovery towards export levels resembling those of the period prior to Covid-19 can be expected in 2021.

 

The world that awaits us in this post Covid-19 era was the dominant theme discussed at the conference of the trade association ACIMIT (Association of Italian Textile Machinery Manufacturers), held in Milan on October 6. In 2019, Italy's production output of textile machinery dropped by 11 per cent compared to 2018, while exports fell 12 per cent.#

“Even after the restart following the lockdown, objective difficulties remain in daily business operations, mainly related to foreign travel for our employees, given the limitations that remain on the free movement of people,” Zucchi said. 

 

The world that awaits us in this post Covid-19 era was the dominant theme discussed at the conference of the trade association ACIMIT (Association of Italian Textile Machinery Manufacturers), held in Milan on October 6. In 2019, Italy's production output of textile machinery dropped by 11 per cent compared to 2018, while exports fell 12 per cent.#

The experience of recent months has brought to light the urgency of accelerating the digital transformation of businesses. ACIMIT, for its past, has continued to support its associates in this development process. It did so, in particular by starting the digital certification project, which is being promoted in collaboration with prof Marco Taisch and his manufacturing group research team at the School of Management of Milan’s Polytechnic University. 

 

The world that awaits us in this post Covid-19 era was the dominant theme discussed at the conference of the trade association ACIMIT (Association of Italian Textile Machinery Manufacturers), held in Milan on October 6. In 2019, Italy's production output of textile machinery dropped by 11 per cent compared to 2018, while exports fell 12 per cent.#

“We’ve developed a conceptual model of machine and process production management data that can be useful to customers in identifying and calculating related production KPIs (Key Performance Indicators). The data model will be one of the requirements for obtaining ACIMIT’s digital certification, which will attest to the ease of integration of textile machines at our manufacturing customers’ production sites,” Zucchi said.