BANGLADESH STILL IN BETTER POSITION DESPITE SLOWDOWN OF ORDERS
March 23rd, 2023
South Asian clothing manufacturers are facing lean times, with international brands reducing or cancelling orders, but industry association leaders are looking towards a recovery by the end of this year. In major production hub Bangladesh, key purchasers from the USA and Europe have been cutting their order books as continuing high inflation depresses consumer demand and Russia’s invasion of Ukraine sharpens nervousness among corporates and investors.
According to Bangladesh’s Export Promotion Bureau, the country’s export earnings of clothing and textiles ...
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