The corona-virus conundrum for Bangladesh apparel industry

The corona-virus, which has already killed hundreds of people in China and is now making its way across the globe, will inevitably cause significant disruption to apparel supply chains during 2020. The question is, to what extent, for how long, and how will Bangladesh be impacted? Already, we are seeing that the virus is impacting China's polyester and textile supply chains. With Central China at a virtual standstill, and the transport system not operating, it is claimed by some that passing through the Yangtze river—stretching from one end of China to the other—has become impossible. With land transport limited, if the virus spreads further, more parts of China could see a similar lockdown, creating a logistical nightmare and huge disruption to the textile industry. Leading global apparel brands are already taking a significant hit due to store closures in China as a result of the coronavirus outbreak. H&M has announced that around 45 store closures hurt sales in January while other brands have also noted major disruption in their Chinese operations. Gap, Uniqlo, Hugo Boss, Ralph Lauren, Nike, Levi Strauss and Adidas have all gone public with the announcement of store closures in central China as the impact of the virus continues to leave large parts of the country on lockdown.

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Posted by admin on Feb 19 2020. Filed under Citizenship, Health, News at Now. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry