COVID-19 Impacts on Supply Chain Management
COVID-19 Impacts on Supply Chain The Covid-19 pandemic has had a profound impact on the supply chain and sustainability for the garments sector. Top exporters like Bangladesh have started feeling the heat due to raw material sourcing challenges and cancelled orders. The performance of the RMG sector is more critical for an economy like Bangladesh, since apparel contributes 84% of the country’s export, employing close to 3.5 million people. While gauging the possible impact of the pandemic on the apparel sector, it is imperative to look into the demand side scenario by analyzing the European, US and the emerging markets for apparel export. It crisis has put sustainability into the spotlight. It has exposed vulnerabilities across government and industry, and put the value of sustainability into sharper focus than ever before. Here are some of the specific impacts we’re seeing, and how things will need to change in the future as we face what we call “the next normal.” Glob...