In the wake of protests and the installation of an interim government, brands could move production to alternate locales like India and Sri Lanka.
Protests in Bangladesh that began as student-led demonstrations against government hiring rules in July culminated on Aug. 5, in the prime minister fleeing and the military announcing it would form an interim government.“Earlier there was China-plus-one after the pandemic, but now in addition to that there may well be a Bangladesh-plus-one situation,” a manufacturer in Dhaka told Sourcing Journal on condition of anonymity.
Many manufacturers in neighboring locales, including India and Sri Lanka, gave an official and humanitarian-leaning answer to WWD sister publication Sourcing Journal: “Why would we look to benefit from another neighboring country’s misfortune?” “As such, it could just be a temporary disturbance, but it’s hard to say,” he added. “Any government will make it a priority to bring stability. But when the situation is volatile, unexpected disturbances can erupt at any time, and it’s difficult for a new government to have control over the masses. Any vested interest can easily distort things for their own benefit, which would make brands more cautious in placing orders.
“We know how tough this is,” Joint Apparel Association Forum secretary general Yohan Lawrence said. “We went through something similar two years back, and we wish them well to come out of it.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India Suffers Historic ODI Series Loss Against Sri LankaBy Mohamed Bahaa India's recent cricket match against Sri Lanka saw them bowing out with a disappointing 208 all out, leading to a 32-run defeat. This loss mark
Read more »
India And Sri Lanka Draw in First ODI In ColomboBy Caroline Chepkorir On August 2, the first ODI between Sri Lanka and India ended in a draw. The two Asian powerhouses are now engaged in a three-match bilater
Read more »
Sri Lanka wins toss and bats first in the ODI series opener against IndiaSri Lanka captain Charith Asalanka won the toss and chose to bat first against India in their ODI opener. India comes into the three one-day internationals after sweeping the Twenty20 series 3-0, while Sri Lanka will be looking to deal with their batting collapses in the T20 games after making good starts.
Read more »
India beats Sri Lanka by 7 wickets in rain-reduced game to clinch T20 seriesWrist spinner Ravi Bishnoi claimed 3-26 as India beat Sri Lanka by seven wickets with nine balls of the rain-reduced second T20 game remaining. India took an unassailable 2-0 lead in the three-match series. Bishnoi got support from left-arm spinner Axar Patel with 2-30.
Read more »
Floki’s Valhalla Joins as Associate Sponsors for India’s Tour of Sri LankaCrypto Blog
Read more »
Floki’s Valhalla Joins as Associate Sponsors for India’s Tour of Sri LankaFloki’s Valhalla Joins as Associate Sponsors for India’s Tour of Sri Lanka
Read more »