The process of losses and slowdown in apparel industry is far from getting over.
After India now Bangladesh is getting into lockdown for seven days which would mean halt on all apparel manufacturing and retailing activities.
The increase in number of cases has prompted the government of Bangladesh to require its population of nearly 170 million people to remain at home for seven days.
Apparel retailers including H&M and Levi Strauss are at risk of facing heightened supply chain disruptions due to this.
The result will likely mean factories across the region will be forced to shut down, halting manufacturing.
It marks Bangladesh’s most severe lockdown to date, with people only allowed to leave their homes for emergencies.
Among the major retail brands with a presence in Bangladesh, shipments linked to H&M increased 13.5% in the three-months ended May 31, compared with the same period of 2019. While imports associated with Levi’s fell 47.8%, and those with Calvin Klein-owner PVH dropped 68.7%.
