What is going on in the Marketplace?

Great Toronto Area (GTA):

• Ontario government extended the shutdown until the end of May.
• Graders will need to sort through thousands of pounds in sitting inventory, once they reopen.
• There could be a reluctance to buy early on, until end markets stabilize.

Texas:

• Businesses opening back up, they are eager to move loads. However, their customer markets are still closed.
• Product available, waiting for customers for purchase.

Border:

• McAllen warehouses have opened this week. Starting their operations slowly.
• Expecting the markets served by these sellers to gradually begin to operate in May.

Latin America:

• El Salvador and Guatemala government plan to extend quarantine until mid-May.

Pakistan:

• Ramadan begun, reducing operations.
• Some buyers beginning to operate at low capacity.
• Back log of containers needed to be sorted, therefore they are not ordering.

India:

• Government allowed to start work from April 22, graders decided to not start operations
• No income, since Africa is still closed.
• Fear of virus Shortage of workers, since due to the shutdowns they moved back to their villages.

Dubai:

• Ramadan month begun until May 23^rd. Working capacities are reduce as a result.
• Lockdown has finished.
• Working at 30-40% capacity.
• Customers looking for deals, to take advantage of low prices.
• Customers looking for stock of new clothes, store returns, excess from brands.

Private Collectors:

• Taking reductions on prices to move product, about 35% lower prices.
• Upfront payment is a current preference, to offset product pricing losses.
• California shutdown extended until May 15, some working with a skeleton crew.

Major Charities:

• Charity thrift stores remain closed.
• Many charities continue to operate with a skeleton crew. Collecting donations from bins, seeing an influx of product.

Canadian Thrift Stores:

• Some provinces reopening in May. Quebec, Prince Edward Island, New Brunswick, Manitoba, Alberta, and Saskatchewan.
• Collections and bin clearing still ongoing for most organizations. Product is very plentiful for customer demand levels.