DHAKA : Apparel makers in Bangladesh are considering rare bulk exports by air to Europe and the United States, as they race to meet deadlines and avoid cancellations after a cyclone delayed shipments, caused power cuts and disrupted production.The crunch could disrupt summer clothes supplies for retailers
DHAKA : Apparel makers in Bangladesh are considering rare bulk exports by air to Europe and the United States, as they race to meet deadlines and avoid cancellations after a cyclone delayed shipments, caused power cuts and disrupted production.
Apparel shipments account for more than 80 per cent of the country's exports and are especially crucial now after its dollar reserves plunged nearly a third in the 12 months to end-April, hitting a seven-year low. Buyers generally bear the cost of shipping. However, when goods are airlifted, all transportation-related costs are borne by the manufacturers, hurting their already thinning margins, Hatem said.
Power cuts in the last two months, first due to a scorching heatwave, and then the cyclone, have put more stress on apparel companies. Many factories are now running on power generators fuelled by expensive diesel.
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