Topic: 2024-Supply Chain Stability
Country: Bangladesh
Delegate Name: Joshua Foor
SPECPOL
Supply Chain Stability
Bangladesh
Mattawan High School
The supply chain is currently facing significant challenges. The COVID-19 pandemic has left governments and industries struggling to recover. Global shutdowns triggered economic shocks that severely disrupted supply chains worldwide. Concurrently, COVID-related restrictions shifted consumer demand away from in-person services and toward goods at an accelerated pace. Alongside the COVID-19 issues, slowdowns in the supply chain like the 2021 Suez Canal Obstruction and transportation issues such as rail inefficiencies have left many wondering about the issues that the supply chain is currently facing and how to solve them.
The Republic of Bangladesh experienced significant challenges due to the recent COVID-19 shutdowns, severely disrupting the supply chain market. These global lockdowns brought operations to a standstill. Given Bangladesh’s reliance on the export of low-value finished products, the negative repercussions were felt throughout the economy, stunting its development.
In light of recent political challenges in Bangladesh, the country’s transportation networks have experienced significant slowdowns, leading to delays in shipments. Bangladesh exports around $47 billion worth of garments annually to international clients. Any potential sanctions or trade restrictions could have a profound impact on the economy. Consequently, The People’s Republic of Bangladesh’s interim leaders must maintain a diplomatic balance with Western and Central Asian nations and align itself with China, India, and Russia due to its reliance on these countries for raw materials and parts to produce goods and services. In addition, the transportation infrastructure challenges of Bangladesh cause them to support those countries that provide goods to them, including China, India, and Russia.
The Republic of Bangladesh stands with China, Russia, and India because of their importance in supplying raw goods to Bangladesh’s economy. Bangladesh would support a solution that maintains its strong relations with countries that support them, but also one that provides political stability.
