RMG order cancellation continues

Global buyers have cancelled more order of readymade garment products from Bangladesh as many fashion brands have shut their stores in Europe and North America due to the coronavirus outbreak.

Source from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday said buyers have so far cancelled orders worth of worth $2.58 billion following the global outbreak of coronavirus.

As of yesterday, 936 factories have reported that thethis buyers cancelled orders of 800.18 million pcs of clothes worth $ 2.58 billion which will directly affect nearly 1.92 million workers, said the source.

Source said, due to the continuation of order cancellations, the biggest source of export earning is passing a shaky situation.

Earlier on Monday, Dr Rubana Huq, president of BGMEA, said, “We’re facing a dire situation as buyers are cancelling shipment orders. All the buyers from different places, countries and continents are temporary suspending the orders”.

 

RMG order cancellation continues

Global buyers have cancelled more order of readymade garment products from Bangladesh as many fashion brands have shut their stores in Europe and North America due to the coronavirus outbreak. Source from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday said buyers have so far cancelled orders worth of worth $2.58 billion following the global outbreak of coronavirus. As of yesterday, 936 factories have reported that thethis buyers cancelled orders of 800.18 million pcs of clothes worth $ 2.58 billion which will directly affect nearly 1.92 million workers, said the source. Source said, due to the continuation of order cancellations, the biggest source of export earning is passing a shaky situation. Earlier on Monday, Dr Rubana Huq, president of BGMEA, said, Were facing a dire situation as buyers are cancelling shipment orders. All the buyers from different places, countries and continents are temporary suspending the orders.