Numlock News: February 23, 2021 • Champagne,…

By Walt Hickey Clothing At the onset of the pandemic, major U.S. clothing brands abruptly cut their orders to manufacturers, which sent a destructive ripple through the production system that had serious consequences for suppliers. In Bangladesh, where 84 percent of the country’s export revenue in 2019 came from apparel, the result was a $3.1 billion order cut. When the damage began to hit the workers, some brands relented — H&M and Zara’s owner among them — but many held firm. As a result, brands owe supplier factories some

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