H&M, A Fast Fashion Giant In Sweden, Announced The Donation Of Related Materials.

Last Sunday, H&M, a fast fashion giant in Sweden, announced that it would help the EU countries purchase medical protective materials through the huge supply chain network to curb the spread of the new crown virus. A spokesman for H&M said, "the EU wants us to help procurement of epidemic prevention materials through procurement and logistics and transportation capabilities." At the same time, H&M also said that during the current emergency period, the group will donate related materials to the European Union to meet the urgent need for epidemic prevention.

As the second fastest fashion retailer in the world, H&M has a wide supply chain network in the world, mostly in China and other Asian countries, such as India, Bangladesh and Vietnam. H&M has temporarily closed many stores in many countries and regions. The group said it would purchase the most urgently needed materials for the EU, including medical masks, medical protective clothing and gloves, according to the epidemic situation.

Under the influence of epidemic situation, many countries are facing the difficulties of shortage of epidemic prevention materials, which can not provide enough protective equipment for medical workers. Some countries are calling on automobile manufacturers and aviation manufacturers to switch to breathing machines to cope with the spread of the disease, such as Ford, general motors and Tesla, as well as Italy luxury car brand Ferrari.

Last Friday, H&M's biggest rival, Zara (SA LA)'s parent company, Spain's fast fashion giant Inditex, announced that some of its fabric production lines had been transformed into professional medical fabric production lines, while logistics and supply chain networks were used to help Spain solve the shortage of medical supplies such as masks and medical protective clothing.

At present, there are more than 300 thousand confirmed cases of the new crown virus worldwide, with a total death toll of more than 13 thousand.