According to a new survey named “Sedex Insights Report: COVID-19 impacts on business, the revenues of export-driven Bangladeshi clothing and shoe producers have decreased by 77 per cent due to the pandemic effect of COVID-19.

Of the total suppliers surveyed, 469 are from China, India, Bangladesh, and Turkey from the clothing and footwear industries. According to the results, 68 per cent of member countries reported a substantial decrease in their sales, while only 38 to 55 per cent reported helping their customers during the pandemic on average.

Almost, 43 per cent respondents viewed disruption to supply chains and inability to get input of raw materials as the biggest challenged they faced. Reasons for this included delay in raw material delivery, suppliers stopping production, and higher prices of raw materials or transport.

On the other hand, 20 per cent respondents have had orders cancelled by customers and 4 per cent experienced delayed payment terms