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Bangladesh apparel exporters fear slowing orders from Europe

Bangladeshi apparel exporters are afraid of a decline in exports if the situation worsens, as many European countries are imposing new restrictions to contain the spread of the new coronavirus variant Omicron. However, some wanted the global brand to not suspend orders and not allow store shelves to be emptied during the festival’s shopping season.

The World Health Organization (WHO) has declared the new strain a “variant of concern”.

Shahidullah Azim, Vice Chairman of the Bangladesh Clothing Manufacturers and Exporters Association (BGMEA), said:

Bangladeshi apparel exporters are afraid of a decline in exports if the situation worsens, as many European countries are imposing new restrictions to contain the spread of the new coronavirus variant Omicron. However, some wanted the global brand to not suspend orders and not allow store shelves to be emptied during the festival’s shopping season.

“We are primarily concerned about the possibility of buyers putting orders on hold,” he was reportedly said by the domestic media.

According to BGMEA, during the first wave of the pandemic, fashion brands and buyers around the world canceled and suspended orders for over $ 3.15 billion in apparel, affecting 1,136 factories.

“For the last few months, brands and buyers have pressured us to ship goods quickly, but now they are asking us to slow down production,” he said. I added.

“We have to wait until December 15th to observe how market conditions change,” said Mostafiz Woodin, founder and chief executive officer of the Bangladesh Apparel Exchange. If you can’t sell or have an impact on your business, it will affect your business. “

Fiber2Fashion News Desk (DS)



Bangladesh apparel exporters fear slowing orders from Europe

Source link Bangladesh apparel exporters fear slowing orders from Europe

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