BGMEA President shares views with Fair Fashion Think Tank
A survey conducted by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) over 100 apparel manufacturers to learn about the actual scenario of work orders in hands amid the COVID-19 pandemic for the second half (July-December) of the year 2020 has revealed that taking advantage of the work order shortage, the global buyers offered lower prices pushing the average prices down by 14%. The decline in prices of goods will rub salt to the wounds of the manufacturers and they might have to downsize the workers to survive. This means the manufacturers have to run the factory with capacity incurring losses as they have to bear the operation cost as well as the workers’ wages. Since the global retailers are placing fewer work orders due to fall in demand, the Bangladeshi apparel makers have been able only to book 35% orders of its production capacity.
The Fair Fashion Think Tank hosted an online discussion on the situation of the garment industry and the consequences of COVID-19 on its global supply chain. Taking part in the discussion, BGMEA President Dr. Rubana Huq shared her views on the impacts of Covid-19 on global apparel supply chain, especially on the RMG industry of Bangladesh. Ineke Zeldenrust, International Coordinator at Clean Clothes Campaign, and Jason Judd, Executive Director at Cornell University ILR School also participated in the discussion.
Listen to the discussion:
About The Fair Fashion Think Tank (FFTT)
The coronavirus outbreak has an impact on all of us; the garment industry is no exception. Now more than ever, we need to think and talk about how the industry and the global supply chain is shaped and what needs to be changed. To make it sustainable, to make it fair. Therefore, Tuesday the 21st of April, we are launching a global garment supply chain digital think tank: the Fair Fashion Think Tank (FFTT).
The Fair Fashion Think Tank is an exclusive digital community of experts, including you, who strive for a fair and sustainable global garment supply chain. The think tank is organised by the Strategic Partnership for Garment Supply Chain Transformation, consisting of Fair Wear Foundation, CNV Internationaal, Mondiaal FNV and the Dutch ministry of foreign affairs. The SP aims to fundamentally change the system of the global garment supply chain and has been working together for several years now.
The Fair Fashion Think Tank will be accessible by invitees only. We are aiming for +/- 150 different representatives of stakeholders in de garment industry. The goal is to make an inventory of what steps need to be taken to fundamentally transform the industry towards a sustainable and fair future. Go to the app and connect with all your fellow fair fashion think tank experts. You can listen to podcasts, join the conversations and even chat with individual experts one on one.
The app is now available in the app store and google play store (invite only!).
For questions about this think tank or more information, please reach out to FFTT via e-mail: [email protected]