How Coronavirus' Effect on the Fashion Industry Reveals Flaws in the Global Economy

asked their employees to work from home, and Giorgio Armani held his women’s Fall/Winter 2020/2021 fashion show in an empty theater.

What’s happening to Italy’s fashion industry is likely a preview of the coronavirus’ impact on the global economy more broadly. Companies in a wide range of industries are dependent on China as both a manufacturing behemoth and billion-plus-consumer market. But as life in some parts of the country comes to a near-standstill in the face of the outbreak, that reliance looks more and more like a weakness.

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