How confident are tanners for a post-pandemic market recovery?

Worldwide
Published:  18 August, 2020
Credit: LeFarc, Mexico

In mid-July 2020, ILM invited tanners from across the world to take part in its annual Business Confidence Survey to evaluate the current business climate and trading conditions, and to gain valuable insights into the key issues tanners are facing. The full results have now been published on the ILM website and they make fascinating reading as the sector grapples with the fallout from the coronavirus pandemic. 

The 2020 survey carried out by ILM has revealed that 55% of respondent tanners believe that the coronavirus crisis will have had a significant negative impact on their businesses, while 25% said that it will have a severe negative impact. These figures represent a significant majority of industry players who are expecting a stark fallout from the pandemic. The majority of respondents appear to be more or less equally split between feeling confident that the leather industry will return to growth post-Covid-19 (46%) and those who do not feel very confident (42%). However, positions at both extremes of this are relatively small, with just 4% feeling not confident at all regarding any growth recovery, while 8% feel very confident

To see the full survey results and analysis click here. The full results are available to view online via an ILM subscription. To find out more about how to subscribe to ILM, click here or email Emma Bonell customerservices@edifydigitalmedia.com  for more information about how to access the survey results. Advertisers of ILM also have complimentary access to the results. If you have a subscription and need a reminder of your login details, please contact us.

The ILM Tanner Business Confidence survey is now in its seventh year and is the only truly global and neutral annual survey of the tanning sector. ILM is most grateful to those tanners who responded and a copy of the survey results will be sent to those that took part via the September/October print/digital edition of ILM magazine. The 2020 survey received a record number of tanner responses.