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Bangladesh: Resilient supply chain needed to cut economic losses from disasters

Source(s): Daily Star, the - Bangladesh
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Bangladesh needs to put in place a supply chain that is resilient to natural calamities and the impacts of climate change in order to cut economic losses stemming from disasters, said experts and entrepreneurs yesterday.

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The floods of 1987, 1988, 1998, 2004, and 2007 inflicted a loss of $8.4 billion on the economy, while cyclones Sidr, Aila and Bulbul caused a loss of around $6.5 billion, according to an inception of the study on the supply chain resilience of the RMG sector in Bangladesh.

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The study will cover the present status of disasters and climate risks in the garment sector supply chain, impact of disaster risks in supply chain, and how the risks can be minimised.

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Speaking at the event, Planning Minister MA Mannan said not only garments but pharmaceuticals and agricultural sectors also need a strong supply chain to post higher growth.

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Hazards Flood
Themes Private sector Economics of DRR Disaster risk management
Country and region Bangladesh

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