The whole world has been suffering a lot from the COVID-19 pandemic. Every sector of the industry has been affected. The textile industry is the main remittance earning source for Bangladesh. This industry has been affected a lot due to lockdown everywhere and a shortage of orders. As everywhere vaccination has been started and the COVID-19 infection situation is better now. Fortunately, Bangladesh is receiving plenty of orders now. Team Textile Focus talked with industry stakeholders to know about their business in 2021 and furcating for 2022. Ayesha Shefa, Director of Sustainability, Simco Spinning and Textiles Limited shared her views—
Textile Focus: How are you observing 2021 for your business?
Ayesha Shefa: The business looks good and has grown compared to 2020 but then 2020 was a year ravaged by COVID-19 impacts on trade. This year the garments industry has grown considerably and, concurrently, the full supply chain has benefited including the recycled yarns manufacturers. CYCLOs brand value has improved, business has grown sustainably over the last 2 years and we have also seen key strategic partnerships with Pakistan and Europe to further expand our global supply chain.
Textile Focus: What is your expectation and planning for 2022?
Ayesha Shefa: As long as there are no further blocks or stoppages (due to various reasons), the business looks economically sustainable in parallel with the RMG sector in Bangladesh. Like I mentioned in my first answer, growth in orders for textile factories will correspondingly result in growth in the full supply chain so it looks good there and we keep our fingers crossed.
The other side of the coin is the image and perception of what we represent – recycled yarns/fibers. In the global picture, recycled yarns concept is still growing but has a positive future with all brands now being more aware of their environmental footprint. Sustainability is now at the forefront of discussions across all countries and industries and the textiles industry has put its foot forward. Through increased recycled yarns consumption, Brands are now looking to improve their sustainability index’s. CYCLO will look to assist brands in these ambitions and this inclusion helps in its own development.