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Cancellations, half-payments and empty promises: The "new normal" for global RMG?
20/07/2020 Author:The Daily Star

You may have already seen the social media campaign '#payup' and the Facebook posts asking Kardashian sisters Kendall and Kylie Jenner to pay up their suppliers in Bangladesh. You may have also read about the British brand, Debenhams, which is asking for a whopping 90 per cent discount on products from 40 suppliers in the country.

What you may not know is that these are only two of at least 1931 brands which have either delayed, put on hold, or straight-up cancelled their orders since the onset of Covid-19, as per data received from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

The total value of these orders is around $3.7 billion. This includes everyone -- high street fashion brands, purse-friendly chain-stores and faceless buying houses.

The data was submitted by individual factories to the BGMEA as the pandemic intensified and cancellations started to happen, and The Daily Star received a copy in mid-May. Factories reported details of orders that were either straight-up cancelled, or put on hold until later date. The data was then cleaned for duplicate entries and incomplete data to calculate the estimates presented in this report.


For more details, please refer to original source Here.