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Stores are open, but vendors face longer payment terms and financial uncertainty. By: Ben Unglesbee The retail supply chain, like the retail industry itself, has gone through a dramatic period of stress since March 2020. The early months of the COVID-19 crisis brought ubiquitous order cancellations. Almost as pervasive were retailers efforts to push out payments for shipments. In turn the cash flow crisis in retail hit suppliers just as hard. Businesses furloughed employees, negotiated with landlords and other vendors, and wondered if they would be able to stay in business, just as retailers did. By summer stores had reopened in most areas and orders were coming in which is crucial for both retailers and vendors but suppliers financial woes persisted. ....
Photo: AFP Companies say the coup has already put billions worth of foreign investment at risk. The US has already said it is considering imposing additional sanctions on Myanmar, which is one of the region s poorest countries. However, the impact of US sanctions could be limited because most of the country s investment comes from Asia. According to the World Bank, Singapore was the largest foreign investor in Myanmar last year, accounting for 34 percent of overall approved investment. Hong Kong was the second largest investor with 26 percent. Foreign Direct Investment (FDI) commitments into Myanmar were worth $US5.5 billion ($NZ7.6b) in the 2020 fiscal year, which ended in September. ....
Read more about Myanmar coup to dampen US trade, impact footwear companies, experts warn on Business Standard. Total trade in goods between Myanmar and the United States amounted to nearly $1.3 billion in the first 11 months of 2020, ....