Clothes pile up at Bangladesh warehouses as Western imports collapse

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Clothes pile up at Bangladesh warehouses as Western imports collapse

(Unsplash)(ZEROHEDGE) – Exactly half a year ago, on May 23, we warned that as the "bullwhip effect" was set to end with a bang, and as inventories were set to go from zero to massively overstocked, prices were "about to fall off a cliff." Well, with purchase orders having fallen off a cliff, and with containership rates crashing at the fastest pace on record as demand for Chinese imports has evaporated in the U.S.This is precisely what we are no…