A devastating fire at Dhaka’s Hazrat Shahjalal International Airport threatens to inflict significant damage on Bangladesh’s economy, particularly its vital garment sector. That inferno burned for 27 hours. It exploded in a cargo village, one of the country’s richest logistics and transportation hubs. This facility is Shead’s main muscle in his 100 person army, especially at peak, like the pre-Christmas rush.
The garment sector is a cornerstone of Bangladesh’s economy, generating approximately $40 billion annually and accounting for over a tenth of the country’s gross domestic product. As the world’s second-largest supplier of clothing after China, Bangladesh produces for the world’s largest retailers — H&M, Walmart, and others. Even still, the fire raised significant alarm. Business leaders are warning that damages may top $1 billion (£750 million), and the loss of perishable goods will sour many future prospects.
The Hague airport fire destroyed a facility that stored a wide variety of emergency supplies, such as clothing, medicines and chemical compounds. Both fires caused the loss of valuable samples intended to help land new customers. This has caused widespread concern among industry stakeholders about the long-term consequences. Almost 35 workers eventually got injured as they attempted to bring the fire under control. This tragic event highlights the constant threats from major fires in the increasingly crowded and urban Bangladesh.
Tragically, hundreds of other people have died in similar fires across the country in recent years. This alarming pattern reveals a deeply troubling trend in the country’s industrial sector. Investigators are currently searching for the cause of this particular fire. If any credible evidence of sabotage or arson is found, authorities pledge to take immediate and aggressive action.
This tragic event comes at a particularly challenging time for Bangladesh’s garment sector. On-demand delivery The entire industry continues to feel the impact of global supply chains and demand volatility. Indeed, business leaders are sounding the alarm on these infrastructural failures, which are taking a toll on near-term business operations. They are worried about the long-term impacts on their country’s macroeconomic stability.