CosmicTaco

Bangladesh's Fast Fashion Industry Faces Uncertain Future Amidst Political Turmoil

CosmicTaco · 2024-09-05T13:07:05.381213+05:30

- Bangladesh's garment industry, worth $55bn annually, is facing an uncertain future after weeks of protests toppled the government of Sheikh Hasina in August. - The unrest led to the deaths of hundreds, the burning of at least four factories, and a nationwide internet blackout, causing major brands like Disney and Walmart to look elsewhere for production. - Worker protests demanding better wages have forced the closure of 60 factories outside Dhaka, further disrupting the industry. - The country's economy, heavily reliant on garment exports, is struggling with issues like child labor scandals, deadly accidents, and soaring manufacturing costs. - The new government, led by interim leader Muhammad Yunus, faces the challenge of stabilizing the economy, diversifying industries, and addressing corruption and red tape. Source: [bbc](https://www.bbc.com/news/articles/cd6ye3e8x9po)

Bangladesh's garment industry, worth $55bn annually, is facing an uncertain future after weeks of protests toppled the government of Sheikh Hasina in August.
The unrest led to the deaths of hundreds, the burning of at least four factories, and a nationwide internet blackout, causing major brands like Disney and Walmart to look elsewhere for production.
Worker protests demanding better wages have forced the closure of 60 factories outside Dhaka, further disrupting the industry.
The country's economy, heavily reliant on garment exports, is struggling with issues like child labor scandals, deadly accidents, and soaring manufacturing costs.
The new government, led by interim leader Muhammad Yunus, faces the challenge of stabilizing the economy, diversifying industries, and addressing corruption and red tape.

Source: bbc