PVH, H&M cut imports as Bangladeshi apparel faces COVID-19 demand drop — Panjiva
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PVH, H&M cut imports as Bangladeshi apparel faces COVID-19 demand drop

Bangladesh 35 Cons. Discr. - Apparel 492 Cons. Discr. - Retailing 465 Coronavirus 511 India 509 Sri Lanka 15 U.S. 5314

Bangladesh’s apparel industry has faced significant challenges due to cancelled orders from retailers across Europe and the Americas during COVID-19. That resulted in manufacturing output falling by 55.6% in May according to industry associate BGMEA. U.S. seaborne imports of apparel from Bangladesh dropped by 74.4% year over year in May compared to an 80.7% slide in shipments from India. Imports from China and Vietnam have done better. Most of the major U.S. retailers’ shipments from Bangladesh fell by similar amounts. Imports linked to PVH fell least with a 26.7% drop in the three month...

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