The clothing industry in Bangladesh, which accounts for 85% of the country's exports, is facing significant challenges due to recent political turmoil. With the fall of former Prime Minister Sheikh Hasina's government, the interim administration led by Nobel laureate Muhammad Yunus is tasked with restoring stability and confidence in this vital sector. The garment industry, valued at $55 billion annually, is crucial for the Bangladeshi economy, employing thousands and supplying major international retailers. However, political unrest has caused some companies to shift their orders to countries like Cambodia and Turkey, raising concerns about the future of Bangladesh's apparel exports.
As the interim government works to stabilize the situation, factories have begun reopening, and transportation operations are resuming. Yet, production delays persist, prompting factories to extend working hours and utilize air freight to meet demand. Yunus has committed to supporting the garment industry and ensuring the protection of industrial facilities, emphasizing the need for institutional reforms to combat corruption and enhance competitiveness. Despite signs of recovery, international buyers remain cautious, with some opting for alternative suppliers to fulfill their orders amid ongoing logistical challenges.
