As Bangladesh, a major player in the global apparel market, grapples with a severe crisis, Sri Lanka is poised to benefit from some apparel orders in the short term, according to the Joint Apparel Association Forum (JAAF).
The crisis in Bangladesh may prompt buyers to seek alternative sources to maintain their supply chains and meet critical deadlines.
JAAF Secretary General Yohan Lawrence highlighted Sri Lanka’s agility and sophisticated production capabilities, noting that the country has spare capacity to temporarily fill some of these gaps.
“Given Sri Lanka’s proven ability to adapt and our available capacity, we expect some foreign buyers to turn to Sri Lanka until the situation in Bangladesh stabilises,” Lawrence stated.