Visit Our Sponsors |
Chaotic conditions across Bangladesh, stemming from political unrest, are impacting the supply chain from the world’s third-largest exporter of clothing.
According to Splash247.com, some 50 ships are queuing in a 25 nautical mile stretch outside Chattogram port, also known as Chittagong, which handles more than 90% of Bangladesh’s international trade. Many ships are now forced to wait in the Bay of Bengal for upwards of a week.
TheLoadstar.com also reported August 6 that clothing factories have been shuttered for two days, with the customs process all but suspended, and exports forced almost to a halt.
The Bangladesh Garment Manufacturers and Exporters Association said August 6 that the sector — the nation’s prime foreign currency earner — had already incurred losses of some $270m.
The slowdown has been attributed to the ongoing student-led protests and the political turmoil that has gripped the country. On August 5, Prime Minister Sheikh Hasina resigned and fled to India.
RELATED CONTENT
RELATED VIDEOS
Timely, incisive articles delivered directly to your inbox.