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Thursday, 10 September 2020 12:27

Bangladesh fears setbacks in apparel exports in August

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Bangladesh, which reported recorded breaking apparel exports in July, fears set-backs in August that could cost garment worker jobs.

Bangladesh’s native news outlets reported a record-breaking export high of $3.91 billion in July. Brands and retailers, that had shunned payments to suppliers for goods in-production at the height of the pandemic, aim to rebuild bridges by sourcing in vast quantities once more.

On a large part, Bangladesh’s garment manufacturing exports rely on to boost the economy, accounting for 84 per cent in total. Though there’s been a collective sigh of relief over the past month, it’s feared hard times may be yet to come.