Vietnam garment exports hit hard by labor shortage, disrupted supply chains, and swelled freight fares
Vietnam textile and garment industry has been hit hard by the fourth and most extreme wave of COVID-19 from July to September with labor shortages, disrupted supply chains, and swelled freight fares imposing many textile and apparel companies to shut down or operate at partial capacity.
According to a government figure, Vietnam has over 6,000 clothing and textile factories employing about three million people.
While around one million RMG workers, or one-third of the total number employed, have quit their jobs or are staying away from work with or without pay, VITAS projected.
On top of it, workers making a departure to their hometowns – intensifying labor shortage.
Due to this most of the textile factories face labor shortages and hindrance in supply chains which is leading to failing in export orders said the Vietnam Textile & Apparel Association (VITAS).
VITAS projected that some one million workers in the sector, or one-third of the total number employed, have quit their jobs or are staying away from work with or without pay, VITAS.
Vietnam textile and garment industry scenario.
On top of it, brands and retailers are shifting their orders to other countries due to supply chain glitches. Nike and Adidas suppliers stopped operations in Vietnam earlier this year. Nike has cut its fiscal 2022 sales expectations and cautioned of holiday delays, while Lululemon is moving production out of Vietnam.
While VITAS stressed that factories in the south have implemented the stay-at-work and commute-to-work models, but only managed to get 10-30% of their workers.
Besides, logistics costs – which is some 9% of production costs of Vietnamese garment and textiles – have gone up steeply.
Making it tough for factories to maintain production and ensure timely delivery of goods.
As a result, in September, Vietnam’s garment and textile exports declined by 9% to $3 billion month-on-month. The figure for the year-to-date was $29 billion.
For the month of October, the Vietnam’s government predicted that the country’s garment exports will fall short by $5 billion – achieving $34 billion of textiles exports, shy of the targeted $39 billion.
VITAS has three dissimilar export scenarios subject on how the COVID situation turn out: it believes shipments of $33.5-34 billion this year if the pandemic lingers until early December, $36-36.5 billion if until November and $37.5-38 billion if it is reduced by October.
Truong Van Cam, Vice Chairman, Vitas said, “It is very difficult for the sector to realize the export target of $39 billion set for this year.”
While the government painted a grim picture and said in a statement that the last three months of this year will be an extremely difficult time for Vietnam’s textile and garment industry.
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Maple s hands. In fact, Lu Feng also has a trick to suppress the enemy, but he just doesn t use it easily.It seems that the remaining monsters can t hold Junior Brother Qingyang back for long.
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Jiao Hong quickly struck the portrait on the side wall with his palm.The iron armed monkey uses the spirit swallowing technique to take the demonic beast inner elixir to the maximum extent possible.
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If it were other monks , I don t have enough cultivation resources, how can I buy such things for spiritual beasts to use That is to say, Qingyang gained a lot from this trial in Chaotic Demon Valley, so he dared to be so extravagant.It can be judged from the spirituality emanating from the Yin Yang Slash.
Dan throws away. Yu Mengmiao had already spoken to this extent, and any further refusal would hurt the other person s heart.Looking up at Xiao Yuhan, he saw that she was just glancing this way and didn t seem to be very interested in the long sword.
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Qingyang has just chased the bagby for more than an hour.There are 106 disciples in Yixian Sect who participated in the trial of Chaos Demon Valley alone, which is 11 more places than the second ranked Demon Suppression Palace, and a full 32 more places than our Qingfeng Palace.
Tao Zhengyou found Lu Feng. He also brought a corpse and several blood bats and launched a siege on Lu Feng.The news from the boy who is sitting down must be true, which means that this time the opponent is a demon cultivator who is about to transform.
Everyone I knew fell down one by one, there were fewer and fewer companions around me, and it was difficult to calm down.There was no need to take action himself, Tao Yougong died, and the power of the Tao family was completely wiped out.
At this age, he can become a foundation building monk, which is no worse than those with spiritual roots.Once hatched, it is colorless and invisible. The only smell of blood is also absorbed by the Blood Spirit Bead.
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In the blink of an eye, a few hours passed, and dozens of materials were added to the elixir furnace.Who knew that Fuliu Ghost King was more powerful than them and spent more money.
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During the gap between the monsters attacks, once the monsters start attacking the city again, they will have to risk their lives.It seems that the dangers on Wanfeng Mountain are not only the heavy weight in the sky and the sharp energy everywhere, but also the unique magical beasts such as the iron eating beasts.
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I ve paid it off. What if I don t want to Master Heyi said angrily.More importantly, they took advantage of the chaos and fled.
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Some people are more pessimistic, and of course others are more confident.True Lord Hongguang, Qingyang and others quickly followed behind.
In the blink of an eye, hundreds of monks gathered at the headquarters of the Blood Demon Sect, but they were all in the foundation building and Qi refining stages.Qingyang has been preparing for a long time, but with a thought, he does not know where to get it.
If Duke Zhou in the prosperous age was like this, he would be in trouble.The junior will remember this. Now that senior is approaching his end of life, do you have any unfulfilled wishes that you need my help with Hun Su shook his head and said, I m already trapped in this trap.
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wind vane This battle represents such a trend, so it attracts the attention of players and indigenous forces.But who would have thought that even though they were still out of range, the other party would launch a long range attack without any sense of martial ethics.
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It didn t take long for the summoned demon to approach the dozens of meters high city wall.How stupid, don t you understand until now A cold and cruel chuckle appeared on the corner of Archimonde s mouth.
Anyway, I m not going to benefit from it, so it s okay to let others try it, as long as I don t give Dutiful Son Sword success.In other words, the two basic characteristics of the Star Robe allow him to move and cast spells.
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If he didn t have the ability of Crystal Heart to continuously restore health points, he would have fallen to his knees long ago.This is obviously being framed, and he can t let it go.
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Well, just like Zhao Hao came for the alchemy manuscript, but Turing didn t cheat him.Legion commander, if we don t find a way to counterattack, our defense line will collapse A subordinate hero reminded in a low voice.
If there were only these monsters, even if he and the troops led by Ellie left, there would be no need to worry about not being able to deal with them.