Transport strike disrupts export-import supply chain
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Friday
July 01, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
FRIDAY, JULY 01, 2022
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

  • Easing Covid-19 rules, growth focus aid China bulls' cautious return
  • China's factory, service sectors shake off 3 months of lockdown pain
  • Bangladesh’s apparel industry growth is here to stay
  • Forex, interest rate flexibility necessary for market development: Atiur Rahman
  • 46% of urban Indians say cost of living spiked compared to last 12 mths

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."

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

  • BB bids farewell to easy money policy to tame inflation
    BB bids farewell to easy money policy to tame inflation
  • Economist Zahid Hussain. Illustration: TBS
    Typical monetary steps cannot tame inflation
  • Ahsan H Mansur. TBS Sketch
    It won’t be able to rein in inflation

MOST VIEWED

  • Padma Bridge from satellite. Photo: Screengrab
    Padma Bridge from satellite 
  • Photo: TBS
    Motorcycles banned on Padma Bridge 
  • Japan cancels financing Matarbari coal project phase 2
    Japan cancels financing Matarbari coal project phase 2
  • Photo: Collected
    2 motorcyclists killed in first accident on Padma Bridge
  • TikToker who removed nuts of Padma Bridge detained in Dhaka
    TikToker who removed nuts of Padma Bridge detained in Dhaka
  • Photo: TBS
    BRTC bus breaks two barriers of Padma Bridge toll plaza

Related News

  • Easing Covid-19 rules, growth focus aid China bulls' cautious return
  • China's factory, service sectors shake off 3 months of lockdown pain
  • Bangladesh’s apparel industry growth is here to stay
  • Forex, interest rate flexibility necessary for market development: Atiur Rahman
  • 46% of urban Indians say cost of living spiked compared to last 12 mths

Features

Bangladesh ranks among the top ten countries whose citizens have sought asylum in Cyprus. Photo: Arafatul Islam/DW

How Bangladeshi migrants end up in Cyprus

15h | Panorama
Dr M Mushtuq Husain. Sketch: TBS

'We did not face an extreme crisis with Omicron. But this wave is spreading faster'

18h | Panorama
Luxury Houseboat owners  distributed food, provided medical assistance, and shelter to the flood victims, till the flood waters receded Photo: Masum Billah

The first responders: How luxury houseboats became rescue centres for flood victims

20h | Panorama
Mahathir accused financial titans of seeking to reverse decades of economic development that propelled tens of millions into the middle class. Photo: Bloomberg

George Soros, Mahathir and the legacy of 1997

1d | Panorama

More Videos from TBS

Shuttle train at CU: More than a mere transport

Shuttle train at CU: More than a mere transport

7h | Videos
Dhaka ranks as costliest city again in South Asia for expatriates

Dhaka ranks as costliest city again in South Asia for expatriates

7h | Videos
Kremlin hints solution to Ukraine war

Kremlin hints solution to Ukraine war

10h | Videos
Fever spread: Is it seasonal fever or Covid?

Fever spread: Is it seasonal fever or Covid?

10h | Videos

Most Read

1
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

2
Meet the man behind 'Azke amar mon balo nei'
Splash

Meet the man behind 'Azke amar mon balo nei'

3
Photo: TBS
Bangladesh

Motorcycles banned on Padma Bridge 

4
Photo: Collected
Economy

Tech startup ShopUp bags $65m in Series B4 funding

5
Photo: Courtesy
Corporates

Gree AC being used in all parts of Padma Bridge project

6
World Bank to give Bangladesh $18b IDA loans in next five years
Economy

World Bank to give Bangladesh $18b IDA loans in next five years

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Workers unload sacks of paddy at the BOC Ghat paddy market on the bank of the Meghna River in Brahmanbaria’s Ashuganj, the largest paddy market in the eastern part of the country. This century-old market sells paddies worth Tk5-6 crore a day during the peak season. PHOTO: RAJIB DHAR

Contact Us

The Business Standard

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

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net