Search : RMG Goods

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What Order Cancellation Means for the Bangladesh RMG Sector

The global apparel industry has been left reeling from the impact of the Coronavirus pandemic as supply chains have been disrupted, trade has dwindled to near-stagnancy, and sentiments have flared, claiming this may be the fulcrum for a new anti-consumerism culture. In McKinsey & Company’s State of Fashion 2020, it was estimated from a survey […]
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The Bangladesh RMG Sector: The Path to Revitalization

Whenever the agenda of growth-drivers is in focus within the context of Bangladesh, the conversation is rarely bereft of the Ready-Made Garments (RMG) Industry.  In terms of employment, The Center for Policy Dialogue (CPD) reported that the sector employs approximately 3.5 million people, of which, approximately 60.8% are women. The country’s RMG exports make up […]
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Bangladesh RMG Sector – Difficult Relationship with Sustainability

Bangladesh’s affiliation with cloth has a long history. From being renowned throughout the world and even conquered by the British for its high-quality muslin, silk, and pure cotton, to becoming the second-largest ready-made garments producer in the world , the country has long depended on the textile industry for its growth. The production of RMG […]
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Innovation in Digital Banking to Build Financial Resilience for Marginalized Communities

Digital Banking has redefined the financial landscape in Bangladesh during the Covid-19 pandemic. Overnight, people needed to figure out how to use banking services electronically because, despite a pandemic, the demand for credit did not disappear. While residents in the cities rushed to adopt digital banking, rural communities were still hesitant to embrace the technology. […]
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The evolving G2P Payment Landscape in Bangladesh

Evolving G2P Landscape in Bangladesh
An Overview of the G2P Payments Sector Bangladesh is experiencing unprecedented growth and success in all sectors. Year after year per capita income is rising, millions of people are being lifted out of poverty, government services are becoming more digitized, and the country is one of the global leaders in RMG exports. In this ongoing […]
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RCEP Agreement: Vietnam’s gain, Bangladesh’s loss?

The Regional Economic Partnership Agreement (RCEP) is the world’s largest trade agreement, covering 30 percent of global GDP and 27 percent of global merchandise trade. Signed in November 2020, the trade bloc comprises 15 members, including the 10 nations of the Association of Southeast Asian Nations (ASEAN), China, Japan, South Korea, Australia, and New Zealand. […]
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COVID-19: A Wake-up Call for Global and National Supply Chains

Global trade has been hit at an unprecedented speed and scale by the COVID-19 pandemic. A survey by the Institute for Supply Management conducted in March indicates that 75 percent of the companies reported supply chain disruptions in some form due to coronavirus-related restrictions. These companies with global supply chains faced an initial negative supply […]
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COVID-19 Brings Winds of Change in Globalization

According to the International Monetary Fund (IMF), the global economy is about to shrink by more than 3 percent in 2020, the sharpest slowdown since the Great Depression in the 1930s. With vaccines at least 12-18 months away and natural immunity at least 2 years away, this outbreak is proving to be a stress test […]
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COVID-19 Pandemic: Choppy Waters ahead for the Golden Fiber

Once dubbed the “golden fiber” of Bengal, jute now occupies a less alluring position as source of foreign currency. Declining export receipts, which are widely outshined by that of the RMG sector, are largely a result of lack of innovation in the jute industry. The dearth of dynamism in the industry has resulted in a […]
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