Impact of COVID-19 Pandemic on Leather and Footwear SMEs

    LightCastle Analytics Wing
    LightCastle Analytics Wing
    Impact of COVID-19 Pandemic on Leather and Footwear SMEs

    The leather industry is the second largest earner of foreign currencies of Bangladesh after RMG. In order to exploit the country’s full potentials in this sector, the Bangladesh Government identified leather as a thrust sector for export. Ample supply of hides and skins, their fine grain pattern, uniform fiber structure, and competitive labor cost contribute to the overall competitiveness.

    Most of the Bangladeshi leather goods manufacturers are small to medium-sized enterprises, and the industry has come to a halt in recent months owing to the Covid-19 pandemic. To gauge the impact of the pandemic on leather product and processing factories, LightCastle conducted a survey on 30 factories in the Bhairab and Kishorgonj area during July, 2020.

    The interviews have led to insights that give a real-life picture of the actual reach of proposed support systems and the policy course corrections that are pertinent. This paper suggests key support areas that are to be fixated in order for the sector to survive the downturn. 

    To learn more about the Covid-19 Impact on the Leather & Footwear SMEs of Bangladesh Document download full report.

    The LightCastle team has been analyzing the macro and industry level picture and possible impacts wrought about by the Covid-19 crisis. Over the following days, we’ll be covering the major sectors shedding light on the possible short and long term ramifications of the global pandemic. Read all the articles in the series.

    LightCastle Analytics Wing

    LightCastle Analytics Wing is the research division of LightCastle Partners. It is tasked with producing periodic reports on the different sectors of the economy, analyzing trends in markets and making methodical, thorough and intelligent analysis to improve strategy and drive business growth.