Vietnam's lockdown ensnares world's clothing giants - News Summed Up

Vietnam's lockdown ensnares world's clothing giants


Vietnam's lockdown ensnares world's clothing giantsThe pandemic has hit Vietnam's textile industry and is threatening global coffee supplies. HANOI: From shoes and sweaters to car parts and coffee, Vietnam's strict and lengthy coronavirus lockdown has sparked product shortages among worldwide brands such as Nike and Gap which have grown increasingly dependent on the Southeast Asian nation's manufacturers. The snarl-ups at Vietnam's factories are part of a broader crisis around the planet that is sending inflation surging and raising concerns about the pace of recovery in the global economy. Now, "travel restrictions have jeopardised all logistics in and out... this has created long, long delays," she told AFP. "If we can allow the factories to work then I think the trust (in Vietnam) is still there."


Source: Bangkok Post September 29, 2021 03:00 UTC



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