The government and garment factory owners accepting the 18-point demand from garment workers is a welcoming development. I hope this will put an end to all the vandalism and unrest.
Factories need to run smoothly now and clear the backlog.
The damage done to the industry is evident as we have seen orders being diverted and placed in other competing countries.
Today we have seen in the news that we can expect elections to take place after 18 months. With the history of violence centring elections, we can assume that we will not see increasing orders coming in.
This unfortunate series of events will have a negative impact in the near future.
Also, investments which were in the pipeline are on hold or cancelled. So, double-stage transformation requirements and carbon reduction strategies will now take a backseat.
Most of the garments have because of the chain of events become financially affected.
So, in the coming days, there will be some tough challenges and in the near future, the industry will go through consolidation with many factory closures, especially with the current monetary policy.
Sincerely hope we will see all factories operating from tomorrow so we can create a new chapter and move forward.
