BANGLADESH KNITWEAR SECTOR’S MULTIFACETED CRISIS
October 22nd, 2023
Bangladesh’s globally important knitwear sector is facing a multifaceted crisis as work orders are falling, political instability and related diplomatic pressure is soaring, while the industry struggles to diversify its output as calls intensify for it to increase workers’ salaries.
At the heart of the crisis are concerns that the country’s is losing ground in key Western markets. These were highlighted at a September Bangladesh Garment Manufacturers and Exporters Association (BGMEA) press conference, where its president Faruque Hassan said the country ...
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