Signals of Change

SIGNALS OF CHANGE:
Three Emerging Post-Covid Trends for Sri Lanka’s Apparel Sector

Sri Lanka’s apparel industry – a significant export revenue earner and employer – was substantially hit by the pandemic. Aside from the short-term supply and demand shocks, the pandemic accelerated trends that were in motion prior to the crisis, and these provide signals of change and point to the direction in which the Sri Lankan apparel industry needs to head in. Moving from recovery to resilience and a new wave of growth will be shaped by three emerging trends - attracting new investment that drives innovation (in business models and products) and plugs into new supply chains and on focussing on meeting more stringent sustainability and other compliance requirements of buyers and preferences of consumers.

SIGNALS OF CHANGE:
Can Blockchain Solve Trade Finance Bottlenecks?

Trade finance is currently full of inefficiencies, and access to trade finance has proved to be a continual challenge for SME exporters. The industry is ripe for disruption, and blockchain is proving to be a key source of disruptive innovation. Several pilots have shown the way for blockchain to improve trade finance - both in reducing time and costs.