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Burma's garment sector watchdog is leaving. What does this mean for brands and their workers? – DVB
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"A million laborers are afraid of famine" | DVB Multimedia Group
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"A million laborers are afraid of famine" | DVB Multimedia Group
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Crises in India, Myanmar diverting export orders to Bangladesh
Myanmar s deepening political crisis and India s grave coronavirus situation are prompting international retailers and brands to divert work orders to Bangladesh because of its stability and milder-than-expected impacts of the second wave of the infections.
After a record spike in Covid-19 caseloads and deaths linked to the virus in recent months, Bangladesh is now witnessing a relatively calm situation than many other countries in the region, including India, thanks to the nationwide partial transport lockdown.
And due to political stability, the country has turned into a safer place for international retailers and brands to produce goods at cheaper rates, keeping the global supply chain unaffected.
On February 1, Vijay Dhayal, an Indian business consultant in Myanmar’s biggest city, Yangon, received a call at 6am (23:30 GMT) from a member of his team telling him that a coup was under way, plunging what had been a routine Monday morning into turmoil
The military had begun detaining civilian leaders, overthrowing Myanmar’s democratically elected government and turning the clock back to the period between 1962 – when Myanmar’s military first took control, 14 years after independence – and 2011, when it ushered in parliamentary elections and democratic reforms.
In addition to concerns about human rights and civil liberties, the coup has also raised flashing question marks for the foreign businesses who had, since 2011, seen Myanmar as a high-risk but potentially highly lucrative place to invest in, mainly as a base for manufacturing goods at low cost for export. It has also become an attractive market, as consumer demand for everything from soaps to smartphones and moto