The Asian garment industry is facing severe impacts from the COVID-19 global pandemic. Garment factories are struggling to sustain business operations, and a large number of workers risk losing their jobs in the coming weeks.
The novel coronavirus (COVID-19) has presented the world with an unprecedented global health emergency. As of April 13, the global pandemic has infected more than 1,773,084 people, resulting in more than 111,652 deaths (WHO, 2020a). The crisis has shocked markets around the world and will likely have a growing and potentially long-lasting impact on the world economy. In Asia, garment manufacturers in multiple countries have been forced to stop production or reduce capacity due to the major disruption of end-to-end global supply chains and the emerging health crisis, which has resulted in national restrictions on people as well as economic activity. What makes this current situation particularly challenging - and extraordinary - is that both the demand and supply side of operations are being affected.
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