INTERNATIONAL BRANDS WRECKED TURKEY’S MANUFACTURING SECTOR BY ABRUPT COVID-19 BUSINESS CANCELLATIONS, SAID TURKISH INDUSTRY LEADER
April 2nd, 2020
The president of the Turkish Clothing Manufacturers’ Association (TGSD) has complained about the treatment his members have experienced at the hand of international brands during the Covid-19 crisis. By cancelling current and future orders, extending payment terms and demanding discounts, brands have devastated the Turkish garment manufacturing sector, with 80% of factories stopping production, and leaving them with an estimated USD3 billion in inventory on hold, said the TGSD boss.
“Unfortunately we were caught at beginning of the season, so high inventory, ...
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