Global fashion brands are expected to grant Philippine garment factories new orders worth $500 million as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries. Robert Young, President, Foreign Buyers Association of the Philippines (FOBAP) informs, the group has been securing relocated garment and apparel production export orders and inquiries on fresh buying import program from buyers like Zeeman Europe, Walmart, TJ MAx USA, and Hudsons Canada, among others. The association estimates orders worth $200 million to have been booked and FOBAP projects double in quantity in the coming three to four months.
New orders mostly comprise simpler and basic babies’ playwear, men’s athletic and sporting outfit, ladies’ dresses, and intimate apparel. He expects the orders to take total garment and hard goods exports to about $1.7 billion to $2 billion this year. Young estimates 10,000 to 20,000 jobs will be created in factories located in Metro Manila and Cebu.
To capture projected total export orders from top global fashion brands, Young urged the government to further support export activities, such as easing of the coronavirus quarantine and over restrictive pandemic regulations while still following the required health protocol amid the pandemic.