Strong Winds Of Change In Bangladesh

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Vol. 23 No. 34		Wednesday August 14, 2024

Strong Winds Of Change In Bangladesh

     Some of our readers know we as a family have been particularly affected by the recent events in Bangladesh. We have intimate connections and we are still trying to understand how the situation will evolve to put our minds to rest. There is also a business aspect in this experience and this is the point we wish to make for our readers’ information.
     Reaching out to our contacts we happily received information from Thomas Bayes, (above) Vice President Asia at EMO Trans, Inc. Corp in Irving, Texas, who was among the first ones to reply. This is what he reported regarding the Asian country, which falls within his portfolio: “The Bangladeshi situation has affected our day-to-day operations over the past few weeks, with the curfews put in place, protests on the streets and the internet shutdown. With Bangladesh being a heavy ocean export market, the port of Chittagong is heavily congested at this time, and they are starting to see a buildup of vessels at anchor off the coastline. Factories had been shut down as workers were joining the protest as well as not able to get to and from the factories with the mass demonstrations.
     “The good news is that, as of now, EMO Bangladesh has reopened and is back to full operations, with internet being fully turned back on, and factories all reopened. As the interim government was being put in place, Nobel Peace Prize Laureate Muhammad Yunus was recently appointed as Chief Advisor and this is a significant window of hope for the future. Our team, under the leadership of our MD Noor Alam Siddique, did an incredible job during this difficult time to ensure that they could do everything possible, to have day-to-day activities on monitor for our customers.”

So we hear that there has been some understandable anxiety, but the situation seems to be under control, if not back to normal. We took advantage of Tom’s politeness and continued our analysis asking for more information about the situation of his business. “Overall, for my Asian region we are very pleased with how things have been going for the first half of this year. We have had some challenges with rising cost, space availability and port congestions in most of the region, but we did all that was possible to ensure our customers were provided with the best possible service, along with competitive pricing. We are starting to see the port congestions improving and rates slightly getting better over the past few weeks on the ocean side. However, on the air side the rates are holding strong right now. Going into the 4th quarter we will have to see how this trend holds up. We are also expanding in a few countries this month, specifically in China with our 11th Branch office opening, as well as our 7th branch office in India opening this month, and we will continue to focus on expanding our EMO Flag in areas alongside our customers’ requirements.”
We cannot, but rejoice hearing the evident success of our friends in EMO Trans, in particular in an area that seems to have gone through changes that could have been more worrisome. Let us just wait for a few more days to say that “all’s well that ends well”, but this is our hope and indeed our expectation.
Geoffrey Arend

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Publisher-Geoffrey Arend • Managing Editor-Flossie Arend • Editor Emeritus-Richard Malkin
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