Catastrophe is one word that best describes the impact of COVID-19 on Bangladesh’s RMG sector. As people in the western world – Europe and the USA – started isolating and retail stores downed shutters amidst countrywide lockdowns, manufacturers in Bangladesh were spending sleepless nights anticipating what awaited them in the days to come.

Large-scale order cancellations amounting to more than US $ 3 billion rocked the industry. Even though some brands and retailers later decided to reinstate some cancelled orders, the damage had already been done by then!

Just to give an idea of the scale of devastation, amongst all the garment manufacturing hubs in the country, the garment exporters from the port city of Chittagong alone had suffered work order cancellations to the tune of Taka 100 billion from the global buyers. Even though there are
no proper estimations as to losses suffered by the other individual manufacturing hubs, the business loss of Chittagong is sufficient to give an idea of the gravity of the overall situation.

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