Notwithstanding the recovery in apparel exports lately – apparel exports reached a rock bottom in April to US $ 0.37 billion on account of COVID-19 outbreak before making a comeback of sorts after export receipts in July reached US $ 3.24 billion to dip again to US $ 2.47 billion in August and totalling US $ 2.41 billion in September (as per EPB data) – garment makers in Bangladesh are apprehensive the recovery process could take a hit in the days to come.
According to the garment exporters, a second wave of coronavirus in the West and any complication involving the upcoming Presidential elections in USA, could put brakes on exports again, which have started to show signs of recovery after global brands and retailers reinstated the cancelled orders and have come up with new work orders as well.
Many buyers have cut down on work orders owing to a possible second wave of coronavirus pandemic and the delay in making any major breakthrough about COVID-19 vaccine, reportedly stated the Managing Director of Evince Group, Anwar-ul-Alam Chowdhury Parvez, speaking to the media.
As per Parvez, compared to the pre-pandemic period, buyers are more cautious now when it comes to placing orders.
Meanwhile, Managing Director of Rising Group, Mahmud Hasan Khan Babu, reportedly underlined that apparel exports to the American market could also be hit in case there is any complication centring the upcoming US Presidential election.
