Dive Summary:
- The recent tragedy in Bangladesh involving a garment factory could have U.S retailers rethinking brand strategy to address concerns form the public.
- According to reports, the total number of dead after the collapse of the factory has been confirmed at 443, with many still missing, according to reports.
- Retail companies with supply companies headquartered in Bangladesh have initiated reviews and retailers involved have pledged to compensate families affected by the tragedy.
From the article:
The Walt Disney Company, ordered an end to the production of branded merchandise in Bangladesh in March, the New York Times reported on Thursday. Disney has updated its list of Permitted Sourcing Countries which is determined by data from the World Bank’s Governance Indicators as the primary tool to assess relative country risk.
