First, in January, when the transportation of raw materials from China to other garment producing countries was suspended, many factories were forced to close temporarily. The next wave hit as the pandemic spread to Europe and the United States (US). In response to a sudden drop in consumer demand for apparel, brands cancelled and refused to pay for shipments of completed and in production orders. As a result, factories were forced to close and dismiss workers in mass. Each time factories were forced to close, workers were often sent home without notice or pay from their employers. For example, in Bangladesh, 72.4% of furloughed and 80.4% of dismissed workers were sent home unpaid in March 2020. The third wave of devastation continues, as the virus itself spreads in garment producing countries. At the time of writing this report, many factories remain closed and millions of workers remain unpaid.
The fallout of the COVID-19 pandemic is having profound impacts on society and the economy, and it will also influence and shape organized crime and illicit markets. The institutional response to the pandemic and the consequent reshaping of socio-ec...Read More
Cybercriminals have been among the most adept at exploiting the COVID-19 pandemic for the various scams and attacks they carry out. With a record number of potential victims staying at home and using online services across the European Union (EU) du...Read More
In November, world leaders from government and business will gather at the G20 Summit hosted by Saudi Arabia. A statement on the Summit released by the Saudi Arabia government speaks of “Empowering People” and addressing a global economy that ...Read More
The latest Migration and Development Brief provides a prognosis of how the ongoing COVID-19 pandemic might affect global trends in international economic migration and remittances in 2020 and 2021. The economic crisis induced by COVID...Read More
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