Covid-19 Cripples Myanmar’s Garment Industry: Over 100 Factories Shut Down, Revenue Plummets 40%
Covid-19 Cripples Myanmar's Garment Industry: Over 100 Factories Shut Down, Revenue Plummets 40%
The Covid-19 pandemic has dealt a severe blow to Myanmar's garment industry, forcing the closure of over 100 factories and causing a staggering 40% drop in revenue. This development highlights the devastating impact of the global pandemic on developing economies and vulnerable industries.
The garment industry is a vital pillar of Myanmar's economy, employing over 700,000 workers and accounting for a significant portion of the country's exports. However, the pandemic has disrupted supply chains, caused factory closures due to lockdowns and worker shortages, and significantly reduced demand for clothing internationally.
The closure of over 100 garment factories has resulted in wide...