Looming Lockdown In Bangladesh Threatens Apparel Retailers H&M, Levi’s

Apparel retailers including H&M and Levi Strauss & Co. are at risk of facing heightened supply chain disruptions, as regions of Southern Asia are bracing for intense lockdowns as Covid-19 cases spike, fueled by the more contagious delta variant, according to a new report. A new wave of Covid cases, rising especially along the Indian border, has prompted the government of Bangladesh to require its population of nearly 170 million people to remain at home for seven days, beginning this Thursday. The result will likely mean factories across the region will be forced to shut down, halting manufacturing. It marks Bangladesh’s most severe lockdown to date, with people only allowed to leave their homes for emergencies. Read more at CNBC.