Bangla RMG sector in trouble due to transport shortage
11 Aug 18 1 min read
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently said the readymade garment (RMG) sector is facing a crisis in shipments of finished products due to shortage of road transport, affecting global buyers’ confidence. Though student protests are over, the transport situation is yet to be normal, BGMEA president Mohammad S Rahman said.
Some foreign buyers have already cancelled their trips to the country and if the transport situation remains unchanged, a good number of apparel companies will face stock lot, he told a press conference.
Factory owners will be compelled to opt for expensive air freight if this continued, he feared.
Hundreds of containers of imported raw materials are waiting at ports for delivery, Bangladesh newspaper reports quoted him as saying. (DS)
Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.
Some foreign buyers have already cancelled their trips to the country and if the transport situation remains unchanged, a good number of apparel companies will face stock lot, he told a press conference.
Factory owners will be compelled to opt for expensive air freight if this continued, he feared.
Hundreds of containers of imported raw materials are waiting at ports for delivery, Bangladesh newspaper reports quoted him as saying. (DS)
Fibre2Fashion News Desk – India
Popular News
|
Japanese firm Asics Corporation's sales soar 14.3% in Q1 FY24 |
|
US textiles & clothing imports surge by volume in Jan-Mar 2024 |
|
US small business owners highlight pricing as top concern: Report |
|
ICE cotton faces heavy selling; prices drop despite positive factors |
|
China's e-commerce logistics sector sees growth in April 2024 |
|
Small spaces dominate US retail leases in Q1 2024: JLL report |