Lockdown in Bangladesh threatens international apparel retailers
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Wednesday
February 08, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
WEDNESDAY, FEBRUARY 08, 2023
Lockdown in Bangladesh threatens international apparel retailers

World+Biz

TBS Report
30 June, 2021, 09:55 am
Last modified: 30 June, 2021, 01:19 pm

Related News

  • RMG factories running below capacity due to less work orders: BGMEA chief
  • Bangladesh's FY22 GDP insight
  • Decoding Monetary Policy Statement 2023: Was there any better alternative?
  • Manpower export to Malaysia to be made easier, faster: Minister
  • Preparing for the future of AI in the job market: How Bangladesh can thrive in a tech-driven world

Lockdown in Bangladesh threatens international apparel retailers

Shipments decreased by only 1.6% in the three months ending 30 April compared to the same time last year.

TBS Report
30 June, 2021, 09:55 am
Last modified: 30 June, 2021, 01:19 pm
Lockdown in Bangladesh threatens international apparel retailers

International clothing retailers including H&M and Levi's are in danger of suffering heightened supply chain delays, as Bangladesh prepares for harsh lockdown.

The seven-day lockdown will certainly entail factories being compelled to shut down, stopping manufacturing. It is Bangladesh's strictest lockdown to date to curb the spread of Covid-19 infections, with residents only permitted to leave their houses in an emergency.

According to CNBC, recent research from Panjiva, a business line of S&P Global Market Intelligence, shows that this is a sharp turnaround from a trend seen earlier in the pandemic. Then, retailers in Europe and the Americas withdrew orders, causing Bangladeshi garment producers to suffer.

Despite this, Panjiva's data suggest that Bangladeshi clothing exporters to the United States have fared better than surrounding areas throughout the pandemic. Shipments decreased by only 1.6% in the three months ending 30 April compared to the same time last year. India's and Sri Lanka's exports, on the other hand, fell by 10.1% and 6.4% respectively.

Among the main retail brands with a presence in Bangladesh, H&M exports grew 13.5% in the three months ending 31 May compared to the same period last year, according to Panjiva. Imports connected with Levi's plummeted 47.8%, while those associated with Calvin Klein-owner PVH fell 68.7%.

Representatives from H&M, Levi's and PVH didn't immediately respond to CNBC's requests for comment.

Bangladesh has been gaining market share as China has grown less competitive in labour-intensive industries like apparel, according to a September review of US International Trade Commission statistics by the Peterson Institute for International Economics.

Retailers will be impacted by further supply chain interruptions at a time when resources are already stretched owing to a variety of causes. Inventory has been backlogged for weeks due to a scarcity of shipping containers and truck drivers. This is generally when retailers place Christmas season orders to ensure that shelves are supplied during the busiest shopping season of the year.

The risk companies face is running into out-of-stocks, leaving customers to look elsewhere.

Brooks Running Company CEO Jim Weber told CNBC's "Squawk Box" on Tuesday that his company is running on a roughly 80-day cycle for shipping, compared with what used to take just 40 days.

"There's no question the supply chain is strung out in our industry," he said.

Top News

Apparel / H&M / Levi's / lockdown / Bangladesh

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

  • RMG turns to India from China to get cheaper man-made yarn
    RMG turns to India from China to get cheaper man-made yarn
  • Country's revenue earnings were Tk40,000cr more in last fiscal: Finance Minister
    Country's revenue earnings were Tk40,000cr more in last fiscal: Finance Minister
  • The world's richest person is trying to head off a succession battle
    The world's richest person is trying to head off a succession battle

MOST VIEWED

  • An aerial view shows damaged and collapsed buildings following an earthquake, in Kahramanmaras, Turkey February 7, 2023. REUTERS/Stringer
    Next day crucial for saving many lives in Turkey, Syria
  • The world's richest person is trying to head off a succession battle
    The world's richest person is trying to head off a succession battle
  • Rescuers search through rubble of collapsed buildings following an earthquake, in the rebel-held town of Sarmada, Syria February 6, 2023 in this still image obtained from a drone footage. WHITE HELMETS /Handout via REUTERS
    Syrians abroad fear political rifts will stop aid reaching quake victims
  • Photo: Reuters
    A tragedy that will also shake up the region's geopolitics
  • Photo: Collected
    Syria newborn pulled alive from quake rubble
  • Photo: Collected
    India plans to promote green tourism during G20 presidency

Related News

  • RMG factories running below capacity due to less work orders: BGMEA chief
  • Bangladesh's FY22 GDP insight
  • Decoding Monetary Policy Statement 2023: Was there any better alternative?
  • Manpower export to Malaysia to be made easier, faster: Minister
  • Preparing for the future of AI in the job market: How Bangladesh can thrive in a tech-driven world

Features

Photo: Reuters

A tragedy that will also shake up the region's geopolitics

4h | Panorama
Nimah designed by Compass Architects- Wooden tiles. Photo: Junaid Hasan Pranto

Trendy flooring designs to upgrade any space

15h | Habitat
Benefits of having high ceilings in your new home

Benefits of having high ceilings in your new home

14h | Habitat
Each Reverse Osmosi plant can produce approximately 8,000 litres of drinking water a day for around 250 families. Photo: Sadiqur Rahman

A drop in the ocean of persistent water crisis

16h | Panorama

More Videos from TBS

30% companies see double-digit growth even in hard times

30% companies see double-digit growth even in hard times

6h | TBS Insight
Challenging time waiting for RMG

Challenging time waiting for RMG

13h | TBS Round Table
"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

13h | TBS Graduates
10 cricketers who have played over 400 T20 matches

10 cricketers who have played over 400 T20 matches

13h | TBS SPORTS

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

6
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

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]