Prospects and challenges of the textile industry of Bangladesh in reference with Chargeurs PCC (fashion technologies)

Abstract

Since the emergence of Covid-19 in 2020, the global apparel market has endured a series of unpredictable circumstances. The pandemic wreaked havoc on Bangladesh's textile and apparel industry, rupturing multiple systems and leaving it gasping for air. The lockdown disrupted sales and interrupted daily operations and the distribution network. Numerous workers were laid off from the industry. The situation began to improve with positive growth in 2021 as a result of the efforts of industry stakeholders. And it was anticipated that growth would continue in 2022. Bangladesh received numerous orders from the European Union throughout 2022, but was unable to fulfill them on time due to the Energy Crisis, rising production costs, inflation, and other factors. In terms of cheap labor, foreign direct investment, and China's diminishing market share, Bangladesh still has a great deal of opportunity despite all of its setbacks.