“My point is, after all of this is done, after business has returned to normal—a new normal, one might guess—Bangladesh’s RMG sector needs to seriously consider the issue of contracts and purchasing practices generally. We simply cannot go on like this. What is the point of our industry having so many millions of dollars’ worth of purchase orders with brands if, when push comes to shove, these contracts, these purchase orders, count for absolutely nothing? They are not worth the paper they are written on.”
Mr. Mostafiz Uddin, Managing Director of Denim Expert Limited and Founder and CEO of Bangladesh Denim Expo and Bangladesh Apparel Exchange (BAE).
Can ADR be a way out in the new normal? Watch out for an expert discussion in the BIAC Webinar. Coming Soon!