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Schroders, Cornell University: apparel production to lose $65bn in export earnings because of climate events

Flooding in Vietnam
The report says disruption caused by extreme heat and flooding in four countries including Vietnam could cause a drop of 22 per cent in export earnings and lead to the loss of nearly 1mn new jobs (Photo: Nhac Nguyen/AFP via Getty Images)

Extreme heat and flooding are expected to wipe out 22 per cent of expected export earnings for production hubs in four Asian countries and damage global fashion brands’ profits, according to a new study A report by Cornell University’s Global Labor Institute and Schroders highlight the climate impacts on the ...

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