Pandemic Crushes Garment Industry, the Developing World’s Path Out of Poverty

  • 📰 WSJ
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

'It’s not just a temporary setback.” How Asia's garment industry has been upended by the coronavirus.

Many of Asia’s developing countries have long relied on factories producing T-shirts, trousers and shoes that employ millions of people and help them climb the income ladder. This is how Bangladesh slashed poverty, Vietnam began its manufacturing dream and Myanmar set out to grow after years of crippling sanctions.

When the coronavirus struck, stores closed across North America and Europe. Western brands canceled orders worth billions of dollars, leaving shipments of sweaters and jeans with no takers. Hundreds of factories...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ah.. sucked in...

So bring manufacturing back to the US and pay more. How much crap do we need?

And all this time I thought it was 90-day fiancé.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines