LABS Newsletter – July 2020

To state the obvious, last quarter was unprecedented. The apparel and footwear value chains were hit with a historic shock likely to reverberate for a long time. That said, we did see the quarter end on a more positive note. Vietnam has steadily climbed out of lockdown and restarted most of its economic activities, however the situation is more challenging in India. During the last quarter, the LABS team has been ready, remotely if need be, to support factories with the same types of services and guidance regarding COVID-19 health measures. Over the course of the quarter, factory visits and follow-up activities have started to pick up. We hope to maintain this positive momentum for next quarter although we will remain vigilant regarding the state of the situation.