POST-COVID CHALLENGES FOR BUSINESS AND ECONOMY: A STUDY FROM BANGLADESH PERSPECTIVES

Abstract

The occurrence of the unprecedented pandemic caused havoc across the globe and affected national and global economies. The present study assesses how Covid-19 affected the economy of Bangladesh and looks at the effect on two sectors specially which include readymade garments and travel and tourism. The study notes that these two sectors have been impacted very severely. The key challenges that the garments arena faces in the post-covid period include low productivity, improper infrastructure, low investment in research and development and diseconomies of scale. The others include order cancellation and material crisis along with the chance of making defaults in payment. In a similar tune, for the travel and tourism sector, the revival will take time looking into the extent of downfall and the unforeseen circumstances in which the sector had to go through because of restrictions during the Covid. A lot of innovations in offerings are expected from the stakeholders in the sector so that the industry revival can take place fast. Data shows that the sectors are showing immense improvement and it is expected that things will get boosted further