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Bangladesh Garment Exporters' Air Cargo Surge
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Bangladesh garment exporters are experiencing a significant increase in airfreight rates due to factors such as the end of the season, transit point congestion, and the Red Sea crisis. This shift from ocean to air cargo has resulted in substantial cost hikes, compelling some manufacturers to opt for air transportation to meet tight deadlines.
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How might this surge in airfreight rates impact the overall competitiveness of Bangladesh's garment industry?
In what ways could this shift from ocean to air cargo affect the broader global supply chain and international trade dynamics?
What measures can Bangladesh take to mitigate the impact of these increased airfreight rates on its export-oriented garment sector?
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