Bangladesh's Fast Fashion Industry Faces Uncertain Future Amidst Political Turmoil

• Bangladesh's garment industry, worth $55bn annually, is facing an uncertain future after weeks of protests toppled the government of Sheikh Hasina in August.
• The unrest led to the deaths of hundreds, the burning of at least four factories, and a nationwide internet blackout, causing major brands like Disney and Walmart to look elsewhere for production.
• Worker protests demanding better wages have forced the closure of 60 factories outside Dhaka, further disrupting the industry.
• The country's economy, heavily reliant on garment exports, is struggling with issues like child labor scandals, deadly accidents, and soaring manufacturing costs.
• The new government, led by interim leader Muhammad Yunus, faces the challenge of stabilizing the economy, diversifying industries, and addressing corruption and red tape.

Source: bbc