In today’s age of fast fashion, lead time emerging as a
pivotal issue for garment exporters and makers in Bangladesh
is no surprise. Reeling under prolonged lead times and
consequent business loss, garment exporters in Bangladesh
are reportedly keen to use Sri Lanka’s Colombo Port to save
time and money.
It may be mentioned here that in absence of a deep sea port
in Bangladesh, local exporters cannot send goods directly to
Europe and the US and instead depend on Singapore, from
where the goods are taken to their final destinations.
Port of Singapore is running past its capacity, so goods are
stuck there for long. If the goods bound for Europe can be
shipped via Sri Lanka instead of Singapore, exporters will
be able to cut the lead time by 15 to 20 days. The cost of
shipping would halve too.
The Colombo Port is reportedly running at only 30 per cent
of its capacity, which is good news for the apparel
exporters from Bangladesh.