Terrorist attack "a tipping point" for Bangladesh?
A fatal terrorist attack in the Bangladeshi capital at the weekend killed 20 people – many of whom worked in the country's textile and clothing industry. Is this latest attack a tipping point for Bangladesh?
A fatal terrorist attack in the Bangladeshi capital at the weekend has left the country's key garment industry in turmoil, with buyers rethinking travel plans and potential economic fallout for a sector reliant on foreign investment.
Bangladesh's garments exports have continued to grow at a steady pace despite the country's image taking a hit following the Tazreen and Rana Plaza disasters – with the EU, Canada and the US all increasing imports in the last year.
Market diversification, worker and factory safety, and ensuring a steady supply of skilled workers are all challenges Bangladesh's garment industry needs to overcome if it is to achieve its goal of doubling exports to $50bn by 2021. But in the short term, Bangladesh will need to address the country's safety issues if it wants to continue attracting buyers.
- Trump and the apparel industry – Infographic
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- Outlook 2017 – What next for apparel sourcing?
- British Brexit plans prioritise tariff-free trade
- Cambodia clothing exports at risk from Brexit
- MAS Holdings planning second industrial park
- Apparel brands urge Bangladesh PM to address wages
- American Apparel to shutter all stores?
- JC Penney latest retailer to shutter stores?
- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022