Uproar as Bangladesh government cuts apparel subsidies
Bangladeshi apparel factory owners fear an economic catastrophe, following the government’s decision to withdraw cash ...
© Tero Vesalainen
Demand for Bangladeshi apparel is falling significantly in the US and EU and air cargo rates from Dhaka have seen a drastic decline.
Airlines are now charging $3.50 per kg to Europe and $8.50 to the US and Canada, compared with $8-$12 and up to $16, respectively, only a few months ago.
Following the Russian invasion of Ukraine and subsequent global economic downturn, consumers in the US and Europe, the major buyers of Bangladeshi apparel, are buying much less, giving priority to ...
Comment on this article
Rajeev Kathuria
July 03, 2022 at 9:51 amAs of the Inflation and Fuel increase impact ,where in Supplier’s are asking for Price revision in the new Contarct therefore the Slow down also attributed to the same .Also Do not see any impulse buying post covid and now Consumer are again saving the Money against the Inflation