The word in the market is ‘diversify’ and that could be the business blessing that Sri Lanka has been waiting for.
After suffering from a massive debt crisis in 2023, the nation has renegotiated most of its obligations and is trying to regain its footing as a niche sourcing destination.
Garments Without Guilt
For over a decade Sri Lanka has touted its achievements in ethical sourcing. Now that it is starting to pay off as brands face rising regulations around compliance – and labor practices are at the top of the list.
To continue reading, please login
Not yet a member? Find out about joining
Download the Sourcing Spectrum table
Comparative data on wages, workforce, energy costs, strengths & weakness, capacity, infrastructure
