garments

Battle for boxes and space on ships and aircraft as Vietnam bounces back

Vietnam’s exports have bounced back quickly after months of lockdown, boosting freight rates and leaving forwarders fighting for space.
Strict social distancing in South Vietnam ended in early October, but not before a 6.1% GDP contraction in Q3 and warnings from business leaders of lost orders and investments if restrictions weren’t lifted.
The garment sector, for example, suffered an 18.6% year-on-year drop in exports in September, after many factories had been forced …

The post Battle for...

https://theloadstar.com/battle-for-boxes-and-space-on-ships-and-aircraft-as-vietnam-bounces-back/

Factories must stay open, plead exporters, as Bangladesh goes into lockdown

The world’s clothing factory, Bangladesh, today announced an ‘all-closed’ week-long lockdown, starting on Monday.
It includes all factories, transport and shops, and will create uproar among the country’s export-oriented industry.
Only the emergency services will remain open, and the movement of people will be severely restricted in a bid to stop the spread of Covid-19.
During the past few weeks, the number of infections and deaths has risen sharply as restrictions were more relaxed …

The post Fa...

https://theloadstar.com/factories-must-stay-open-plead-exporters-as-bangladesh-goes-into-lockdown/

More misery for Bangladeshi fashion houses as prices fall below cost

Bangladesh’s apparel makers are now working at below cost – or shutting their doors as lockdowns around the world continue to dampen demand,
The closure of just one apparel factory last week saw 6,000 Bangladeshi workers jobless, and others with no new orders are considering closure .
Lenny Fashions, located in the Dhaka Export Processing Zone, is a subsidiary of Hong Kong-based Must Garment, and closed on 1 February, owing to a …

The post More misery for Bangladeshi fashion houses as prices...

https://theloadstar.com/more-misery-for-bangladeshi-fashion-houses-as-prices-fall-below-cost/

Still no sign of relief for Bangladesh apparel industry as more factories close

Apparel factories in Bangladesh are still running at half-capacity after orders dried up, and bosses remain pessimistic about the likelihood of new orders any time soon.
Amid the impact of the Covid-19 pandemic, factories which laid-off part of their operations are struggling to make a full comeback, leaving hundreds of workers jobless.
And this week several more factories terminated hundreds of workers, as they are not receiving enough orders from western buyers.
President …

The post Still no...

https://theloadstar.com/still-no-sign-of-relief-for-bangladesh-apparel-industry-as-more-factories-close/

Coronavirus lockdowns across Asia breaking links in supply chains

Lockdowns in Asia are impeding cargo flows across the region.
According to Rickard Ingvarsson, Asia CEO at Scan Global Logistics (SGL), countries are enforcing stricter measures to contain the spread of coronavirus.
And he told The Loadstar this was “creating, at the same time, confusion over how to interpret the new regulations in terms of logistics”.
This confusion has been particularly severe in India, SGL said, with the authorities scrambling to clarify rules …

The post Coronavirus lockdowns...

https://theloadstar.com/coronavirus-lockdowns-across-asia-breaking-links-in-supply-chains/

Global retailers cancelling orders threatens Bangladesh garment industry

Major retailers are cancelling or postponing orders, putting Bangladesh’s garment industry, the country’s top foreign currency earner and employer, in jeopardy.
The value of order cancellations up to yesterday reached $124m – but the industry expects more to follow.
The top buyers so far forced to cancel or withhold orders include C&A, Zara, Pull and Bear, Baby Shop, Blackberrys, Inditex and Primark.
Apparel manufacturers say that just after Covid-19 hit China, they faced …

The post Global...

https://theloadstar.com/global-retailers-cancelling-orders-threatens-bangladesh-garment-industry/

Another trade route for Bangladesh with new Biman flights to Manchester

Bangladesh has found a new trade route, at a time when its export market is booming. 
Exports hit an all-time high of BDT279.82bn ($3.3bn) in July, the latest data available, showing a near-20% rise on June. 
As the world’s second-biggest apparel exporter, after China, it is likely to have benefited from US tariffs on Chinese goods.  
From January, Biman Bangladesh Airlines will operate a thrice-weekly service between Manchester and Dhaka, using a 787, via the …

The post Another trade route for...

https://theloadstar.com/another-trade-route-for-bangladesh-with-new-biman-flights-to-manchester/