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Philippine Clothing Industry May Lose $600 Million In Orders
Recently, according to the Philippine "business mirror" reported that if strict community segregation measures have not been relaxed, Philippine clothing exports may face a loss of $600 million in orders. According to the association of foreign buyers of the Philippines, if the problem of logistics delays is not resolved, the Philippine garment industry will only achieve 60% - 70% of the annual revenue target of US $1.5-2 billion in 2021.
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