Fashion table, Confindustria: “Good dialogue with the government”

The president of Confindustria Moda, Ercole Botto Poala: “Energy priority, job reform, innovation and sustainability”

The president of Confindustria Moda, Ercole Botto Poala, comments with satisfaction on the fashion table that was held on 23 January: “We are very satisfied with the restart of the fashion table – he underlines -. Having an open dialogue with the institutions is essential both for the Textile, Fashion and Accessory supply chain, so that it is put in a position to grow and be competitive on a global level, and for the whole country system, because supporting the growth of our sector means stimulating that of the entire Italian territory”.

This, points out the number one of Confindustria Moda, “because our sector is able to bring wealth in an inclusive way, widespread in every region: not only are our companies distributed throughout the boot, with excellent production districts practically in each region, but a recent study by Censis has highlighted how for every public euro invested in the sector, Textiles, Fashion and Accessories is able to generate three for the country”.

2022, continues Botto Poala, “was a complex year: our turnover grew significantly, exceeding 100 billion euros, but the boom in energy costs and raw materials had a dramatic impact on costs, causing a serious erosion of earnings that threatens our ability to invest in order to remain competitive”. The main areas of intervention identified and highlighted to the government “are very immediate and concrete”, such as the reduction and stabilization of energy costs. “Not only have they caused the erosion of margins already highlighted, but the continuous fluctuation has made it difficult, if not impossible, to fix list prices and define business plans” Botto Poala points out.

And again, the reform of the world of work, “starting from cutting the tax wedge, so as to be able to support workers in serious difficulty due to the increase in inflation and be able to guarantee more competitive salaries, making it easier to attract talent”. Then there is the chapter on the protection of excellence. “Quality, originality and distinctiveness have made Italian fashion and its products successful on global markets – explains Botto Poala – and therefore a system of controls and supervision of the sector is needed, to protect industrial production and the risk of counterfeiting”. Tax reform is also important.

“Promote friendly taxation for investments, including private ones, aimed both at research and development on design and aesthetic innovation, and at innovation and sustainability – explains Botto Poala -. It is necessary to promote the adoption of sustainable energy sources and the application of principles of circularity, for example through the creation of recycling networks, the installation of machinery that favors the recovery of products and reduces emissions”.

And he concludes: “The requests that we are pursuing, in many cases, require interventions and reforms that are not easy to implement in the short term. However, it is necessary to start a path that allows for long-term planning and proceed along a path of reforms that allow greater competitiveness of the whole system. What we hope is that this government can give this political stability, in order to start a structured planning that can go on over time, also allowing industrialists to make plans that make sense for the whole Village”.