"But we've also experienced demands for cancellations for goods that are ready or are work in progress, or discounts for outstanding payments and for goods in transit. They are also asking for a 30 to 120 day extensions on previously agreed payment terms."
It comes as garment manufacturers have been hit hard by two major issues related to coronavirus lockdowns. "Garment manufacturing has been diversifying away from China for around ten years due to China's high costs," according to Stanley Szeto of apparel maker Lever Style which supplies premium brands including Hugo Boss, Theory, Vince, and Coach, as well as online names like Bonobos, Stitch Fix and Everlane.
Cambodia and Sri Lanka also rely on the industry for more than 60% of their exports, according to Sheng Lu at the University of Delaware's department of fashion and apparel studies.The industry accounts for more than half of all manufacturing jobs in Bangladesh, and 60% in Cambodia, with production being a particularly important employer of women.
I bet the bosses of these Asian companies have got plenty of money but they won't be using to help their workiers.
So I'm now being asked to wear my clothes more than once! Damn this vile disease!
If the brands reduce the 400% plus markup we pay on garments and channel some of that back to the people who make our clothes. The world would be a fairer place.
You mean higher prices for a proper wage!
YOU WILL HAVE WEAR YOUR CLOTHES MORE THAN ONCE COVID19
The current globalisation waves in all its dimensions have been identified as a major factor affecting the economic growth of both developed and developing economies.
It’s about time the uk starts making our own clothes again
BBC
Capitalism will fall
Who the f have money to buy clothes in the middle of the pandemic? Saved every penny for food and water.
ClarkeMicah
People in England will have a very stark warning for the BBC when you license fee is up for renewal. It will be piss off we won’t pay it anymore
as a sovereign nation now, the UK should be fine....no worries
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