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Small and medium scale apparel firms in crisis

28 Apr 2022

  • Cite shortages, high prices, lack of orders, inability to pay salaries  
BY Dinitha Rathnayake Local small and medium scale apparel industry operators are facing difficulties owing to issues pertaining to shortages and exorbitantly priced raw materials. Additionally, a lack of orders for their products, and interruptions to business activities owing to fuel and gas shortages have had a significant impact on the apparel industry. Speaking to The Morning, an owner of a medium scale company said that the ongoing economic crisis in Sri Lanka is interrupting business activities in the country. “Materials including balls of yarn are unavailable in the market and those that are available are too costly. People have no money and we don't have orders,” they said. They stated that they are also unable to pay staff salaries due to the current crisis.  “Most employees request an increase in their salaries due to the high prices of essential goods, but how can we increase wages without profits? We have no choice but to tell them to stay at home.” Statistics released by the Sri Lanka Apparel Exporters’ Association show that the nation’s apparel export revenue grew 11.54% year-on-year to $ 468.12 million during February of this year. This was the highest export revenue achieved by Sri Lanka in the past six years.  In January too, the country registered the most export revenue generated in the first month of the calendar year during the last six years. The country has shipped $ 487.60 million worth of apparel products during the course of this month. Of the total value, export revenue from the US grew by 19.22% year on year to $ 205.25 million. On the other hand, export revenue from the European Union grew by 2.8% to $ 130.81 million over February 2021.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


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