Energy crisis prompts ANFAO to appeal for immediate government support

September 01, 2022

Anfao has announced that with the worsening energy crisis, it has sought concrete support directly from Government. While it states that the Italian eyewear industry is not energy-intensive in the same way as some sectors, current price hikes are already becoming difficult to manage in the sector. The rise in the cost of energy and raw materials, which had already affected production costs in 2021, has seen a dizzying trend since the outbreak of war in Ukraine, one that has triggered a global crisis with undoubtedly heavy impact on corporate balance sheets, says the organisation. Furthermore, the rising cost of energy has contributed to bringing inflation to historic highs, also bringing to the fore serious problems on household incomes and purchasing power. “This crisis is no longer about energy exclusively, but is now global, and this, again, has made us return to uncertainty, putting the whole sector to the test once again. In particular, the recovery that we had put behind us after two years of pandemic Is at risk,"says the president of Anfao, Giovanni Vitaloni. Thanks to its strong international propensity the Italian eyewear sector was among the sectors that were best able to react in 2021, returning to pre-Covid levels (the production of Italian eyewear, 848 companies nationwide for 18,000 employees, in 2021 it was 4.17 billion euros, an increase of 4.5% compared to 2019). The increase in bills and management costs to levels that are no longer sustainable, without new and additional measures to combat and support, could seriously jeopardize the continuation of the activity of many companies in the sector in the coming months, especially small and medium-sized enterprises, says the organisation – particularly those companies that are less structured and less prepared to absorb new increased costs of raw materials, transport, logistics and packaging. “It is clear that in the medium-long term structural interventions aimed at greater energy self-sufficiency in Italy and Europe and a revision of the gas price definition mechanism are needed, - says President Vitaloni – “however, in the very short-term, measures are essential. Contingency support that aids businesses and families to cope with this situation is urgently needed. We are appealing directly to the Institutions and Government to take immediate action because any delay could jeopardize jobs and even the continuation of the business of several of our PMI." Anfao, within Confindustria Moda, which as a whole as a textile-fashion-accessory system shares the further concern that made in Italy will lose competitiveness in this context, hopes that the Government will be able to take immediate concrete decisions as soon as possible to offer relief and support.

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