Some export orders from India and Myanmar are now being diverted to Bangladesh, according to exporters and analysts. Maintaining a superior health regimen in the country’s ready-made garment (RMG) facilities led international customers, particularly those headquartered in Europe and the United States, to transfer orders to Bangladesh. According to them, this has simplified the transfer of orders to the nation.
According to Bangladeshi garment makers and industry insiders, importers have nearly halted their orders to Myanmar following the military takeover. Dr Zahid Hussain, former World Bank senior economist, stated that they have already received reports of export orders migrating to Bangladesh from India and Myanmar owing to widespread Covid transmission in the South Asian neighbour.
The Walt Disney Company, a major US consumer, plans to resume garment procurement from Bangladesh after a lengthy hiatus caused by the Tazreen Fashion fire and Rana Plaza disaster. Economists advised local RMG producers to maintain their company operations with the utmost confidence in order to avoid losing contracts from Myanmar and India.
According to the president of the BGMEA, Disney has reaffirmed its intention to relist Bangladesh as an authorised sourcing country with international labour standards. He stated that Disney’s return to Bangladesh is an acknowledgment of the country’s extensive growth and change in the readymade garment (RMG) industry. Participating workplaces in the ILO’s Better Work Bangladesh initiative will be entitled to become a Disney vendor, he said.
