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Introduce new laws to protect Bangladeshi suppliers: Mostafiz Uddin

  

Mostafiz Uddin, Managing Director, Denim Expert feels the industry needs to introduce new laws to protect Bangladeshi suppliers from going bankrupt. Uddin advises the West to introduce new laws to ensure when new owners take in a business, they also take on a significant proportion of its debt. He says the apparel business needs to be built on mutual respect, shared goals and cooperation. Currently, the scales are tipped almost completely in favor of buyers from the West which does not benefit anybody; neither manufacturers nor buyers. Leaving suppliers permanently out of pocket creates disruption and uncertainty in the supply chains, he adds. The COVID-19 crisis has once again highlighted these difficult issues. He advises industry leaders to tackle them forever.

 
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