Recently, an analyst from a British risk control company said that due to strikes and rising costs, Bangladesh’s garment industry may lose US$4 billion in 2015. In addition, inconvenient transportation has also hindered Bangladesh’s garment exports.
Although Bangladesh’s garment industry is developing rapidly, the industrial chain is weak and faces crises such as high costs, inconvenient transportation, imperfect supporting infrastructure, and serious government corruption. In addition, the escalating political crisis in Bangladesh also threatens the stability of supply for global clothing retailers.
In recent years, Bangladesh’s corruption problem has become increasingly serious. In terms of export processes, it is the least efficient and most costly country in Southeast Asia. Despite the further simplification and automation of the customs clearance process, there are still many operating costs for investors.
