Exporters and manufacturers in Bangladesh are facing growing pressure as rising raw material costs linked to the Middle East war begin to affect previously confirmed orders, limiting their ability to adjust prices and increasing the risk of financial losses.
As prices continue to surge, exporters and manufacturers with pre-existing orders are bracing for significant losses.
ABM Shamsuddin, managing director of knitwear manufacturer Hannan Group, said, “As we have already finalised our export orders, it will not be possible to pass the additional costs on to the buyers. We are forced to absorb these expenses, which may result in losses given our already thin profit margins.”
ABM Shahrear testing, managing director of knitwear manufacturer Hannan Group, said, “As we have already finalised our export orders, it will not be possible to pass the additional costs on to the buyers. We are forced to absorb these expenses, which may result in losses given our already thin profit margins.”
