Transport strike disrupts export-import supply chain | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Food
    • Habitat
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Thursday
December 07, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Food
    • Habitat
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
THURSDAY, DECEMBER 07, 2023
Transport strike disrupts export-import supply chain

Bangladesh

Jasim Uddin
05 November, 2021, 09:30 pm
Last modified: 06 November, 2021, 06:06 pm

Related News

  • Deepening dollar crisis: Unveiling causes and solutions
  • Bangladesh to ask WB for $250m more in budget support
  • Modi’s decisive win in state elections boosts India sentiment
  • UNIDO adopts Bangladesh-initiated resolution on sustainable supply chain
  • India economy tops analyst estimates on robust domestic demand

Transport strike disrupts export-import supply chain

Almost every export-oriented factory has suffered the same due to the strike

Jasim Uddin
05 November, 2021, 09:30 pm
Last modified: 06 November, 2021, 06:06 pm
Photo:TBS
Photo:TBS

The export and import supply chain was disrupted on Friday due to the nationwide transport strike over the fuel price hike.

Traders said the sudden hike in fuel prices will affect exports, imports and local markets.

AL Shahriar Ahmed, managing director at Adzi Trims said, "Our factory-bound two trucks full of raw materials, on way from Chattogram port, are stuck in Cumilla."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Almost every export-oriented factory has suffered the same due to this strike, he told The Business Standard.

AL Shahriar, who is also Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association's director, mentioned his office has talked with highway police officials to ensure the security of goods.

Meanwhile, a number of truck drivers and helpers were halted by the strikers at various spots of the industrial zones- Tongi Board Bazar, Gazipur, Ashulia, Baipail, Savar area while supplying raw materials.

Md Shahidullah Azim, vice-president at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said, "We are already under pressure because of rising costs of raw materials. The sudden hike in fuel prices will put us into deep trouble."

Exporters also criticised government's move to surging the price of diesel and kerosene,

Mohamad Hatem, executive president of Bangladesh Knitwear Manufacturers and Exporters Association, said, "When global fuel prices dropped, the government did not reduce the prices. So, hiking fuel prices in line with the global market is not acceptable."

He noted a single-day strike halts supply of exports worth at least $135 million.

"If the ongoing transport strike prolongs, there will be pressure from buyers to ship goods by air freight, which will increase 55% cost of a product. In failure to do so, orders might get halted or cancelled," he added.   

Additionally, the delivery of imported goods from the Chattogram port was hampered on Friday owing to the strike.

Chittagong Port Authority (CPA) Secretary Md Omar Faruq said many vehicles, such as trucks and covered vans, which arrived to take deliveries, could not enter the port due to obstacles from workers observing the strike.

"The loading and unloading of containers at the port jetties may slow down if the strike lingers," he added.

Economy / Top News

supply chain / Transport strike / Import Export / Economy

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Deepening dollar crisis: Unveiling causes and solutions
    Deepening dollar crisis: Unveiling causes and solutions
  • Current account surplus drops by 80% in one month
    Current account surplus drops by 80% in one month
  • EC publishes full list of 96 local election observers with 29 new names
    EC publishes full list of 96 local election observers with 29 new names

MOST VIEWED

  • This file photo from December 2019 shows a rider driving his motorcycle through cold wind and fog. A scene not yet visible this year. Photo: Mumit M
    Woe for seasonal crops, vegetables as winter comes late 
  • Caption: Illustration: TBS
    Source tax on land registration cut again
  • File Photo: Reuters
    $1.08 billion could be added to Bangladesh's dwindling forex reserves
  • Photo: Courtesy
    Woman entrepreneur Sangeeta Khan dies at age 62
  • 59 DSE stocks face downgrade to junk category
    59 DSE stocks face downgrade to junk category
  • Dollar pressure rises as short-term foreign debt drops $300m in October
    Dollar pressure rises as short-term foreign debt drops $300m in October

Related News

  • Deepening dollar crisis: Unveiling causes and solutions
  • Bangladesh to ask WB for $250m more in budget support
  • Modi’s decisive win in state elections boosts India sentiment
  • UNIDO adopts Bangladesh-initiated resolution on sustainable supply chain
  • India economy tops analyst estimates on robust domestic demand

Features

Sketch: TBS

How Khan Farhana built a 300,000-strong LinkedIn community

5h | Pursuit
Photo: Courtesy

Fostering emotional intelligence and classroom harmony: The power of a complaint box

6h | Pursuit
Photo: Rexy Jason Gomez

A big love for the small wheels

11h | Features
Dhaka’s FDC,  Japan Garden City and Shia Masjid were all part of Gudaraghat once. PHOTOS:  Syed Zakir Hossain

What the remaining Gudaraghats remind us of Dhaka's long-lost water bodies

18h | Panorama

More Videos from TBS

What is 'obstructing the field' out?

What is 'obstructing the field' out?

10h | TBS SPORTS
When Farooki is hero

When Farooki is hero

8h | TBS Entertainment
Most Ukrainians are losing interest in going to war

Most Ukrainians are losing interest in going to war

12h | TBS World
Putin to visit UAE and Saudi Arabia

Putin to visit UAE and Saudi Arabia

14h | TBS World
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]