lockdown threat looms over asian textile industry

Lockdown threat looms over Asian textile industry

Sumary of Lockdown threat looms over Asian textile industry:

  • Translated by Nicola Mira Published Jul 20, 2021 Reading time 3 minutes Download Print Text size aA+ aA- Translated by Nicola Mira Published Jul 20, 2021 On July 23 and for two weeks, Bangladesh will impose a new national lockdown that will ground the textile industry, the local economy’s backbone, to a halt.
  • A factory in Dhaka last May – ShutterstockThe situation in Bangladesh, the world’s second largest textile/apparel exporter after China, is of course closely monitored.
  • Dhaka during the first lockdown in spring 2020 – ShutterstockAccording to industry representatives, a one-week lockdown would have been preferable.
  • Asian textile industry facing multiple lockdownsAmong the countries that could seize the opportunity to grab market share off Bangladesh, BGMEA naturally mentioned China.
  • But also Vietnam (the EU’s sixth largest apparel supplier in 2019), which on June 18 imposed a two-week lockdown in its entire southern region, including Ho Chi Minh City, where the bulk of the local textile manufacturing industry is concentrated.

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