After being forced to stop production for several weeks, the supply chain of the luxury goods industry in Italy and France is gradually recovering, but the small contractors of luxury brands in the late pandemic are still in a difficult situation. Consulting firm Bernstein said that the luxury brands were faced with a dilemma: whether to let some suppliers disappear, or to invest in these small and micro enterprises to help them overcome the difficulties. According to Bain & Co., the global luxury market is expected to shrink by 20% - 35% in 2020. In the first quarter, the sales of Kering and LVMH fell by about 15%, and Ferragamo and Tod’s sales fell by 30.1% and 29.4%, respectively.