Smaller apparel units to face tougher battle to survive
Published 27 Aug,2021 via The Financial Express - The big apparel brands have consolidated their sourcing strategy due to the Covid-19 pandemic, concentrating more on the large suppliers, according to two latest reports.
The reports as well as local industry insiders fear that it would make small and less-competitive factories of Bangladesh more vulnerable than before mainly due to unhealthy price-cut competition.
According to the new reports, the large and well-capitalised suppliers in Asia have been receiving larger work orders from the big garment buyers.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
The Financial Express