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Factory fires are expensive and often deadly, and they increasingly have global implications. In 2020, they were the top reason for supply chain disruption globally, for the third year in a row. They’re also becoming more frequent – Resilinc, a leading global supply chain monitoring and risk management firm, recorded the most factory fires in a single year in 2021 since it began tracking fires a decade ago.
How can we prevent them from starting? Crucial insights can be gained from Bangladesh’s ready-made garment industry, the world’s second-largest apparel exporter.
