World Cotton Group Blasts Alarm: ‘Utter Chaos’ for Supply Chain

(Bloomberg) -- The coronavirus “has thrown the global cotton supply chain into utter chaos,” and billions of dollars of orders have been scrapped, the International Cotton Advisory Committee said.

The Washington-based group issued the warning for “an unprecedented amount of upheaval and uncertainty” in a statement to introduce a series of videos from industry leaders around the world.

“Textile workers, among the most vulnerable people in the entire supply chain, are becoming desperate,” the group said. Rubana Huq, president of the Bangladesh Garment Manufacturers & Exporters Association, said the country’s industry is “being as flexible as possible despite the dire circumstances,” according to the statement on the first video.

“Unfortunately, the approach is having little success.”

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