The Fashion Industry?s Gambit With Emerging Countries
The fashion industry's supply chain has always favoured emerging countries with its low costs, but more can be done to make it resilient.
The post The Fashion Industry’s Gambit With Emerging Countries appeared first on LUXUO.
Image Credit: Yuichi Nitta
Earlier in February 2021, a coup d’état began in Myanmar after the democratically elected members of Myanmar’s ruling party, the National League for Democracy (NLD), were deposed by the military who claimed it was a fraud election despite the NLD winning a landslide. Myanmar is of growing importance as a manufacturing hub integral to the supply chain of the fashion industry.
The unexpected turn of events is a huge setback for the Southeast Asian country which in recent years has seen its clothing exports grew rapidly, totalling more than US$5 billion in 2019. It now contributes more than 30% of the country?s total exports.
Image Credit: investmyanmar2019.com
Currently, the country?s State Counselor, Aung San Suu Kyi and President Win Myint are detained by the military and awaiting to face charges. The de facto leader is the military commander-in-chief Min Aung Hlaing, who has taken power and announced a state of emergency for up to one year.
As the world watches the protestors fight for their democracy, the international community responded with condemnation and world leaders have voiced their concerns over the situation happening in the country. The US President Joe Biden denounced it a...
The post The Fashion Industry’s Gambit With Emerging Countries appeared first on LUXUO.
Image Credit: Yuichi Nitta
Earlier in February 2021, a coup d’état began in Myanmar after the democratically elected members of Myanmar’s ruling party, the National League for Democracy (NLD), were deposed by the military who claimed it was a fraud election despite the NLD winning a landslide. Myanmar is of growing importance as a manufacturing hub integral to the supply chain of the fashion industry.
The unexpected turn of events is a huge setback for the Southeast Asian country which in recent years has seen its clothing exports grew rapidly, totalling more than US$5 billion in 2019. It now contributes more than 30% of the country?s total exports.
Image Credit: investmyanmar2019.com
Currently, the country?s State Counselor, Aung San Suu Kyi and President Win Myint are detained by the military and awaiting to face charges. The de facto leader is the military commander-in-chief Min Aung Hlaing, who has taken power and announced a state of emergency for up to one year.
As the world watches the protestors fight for their democracy, the international community responded with condemnation and world leaders have voiced their concerns over the situation happening in the country. The US President Joe Biden denounced it a...
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