Search : RMG Goods

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 […]

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 […]

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 […]

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. […]

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 […]

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. […]

Supermarkets have changed the way people shop ever since their inception. As the need for convenience increases, more and more supermarkets are gaining popularity. So, it is important to look at how all this started and how that might become relevant for Bangladesh in the future. The Rise of Supermarkets in the US The Start: […]

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 […]

Twelve years after the 2008 Financial Crisis, the global economy is on the verge of another major economic recession. While the economic effects of the current recession might seem identical to the 2008 Financial Crisis, the stimulants of the two economic catastrophes are widely different. This article tries to delve into a comparison between the […]

The world is in unprecedented territory due to the COVID-19 Crisis in 2020. Asian Development Bank (ADB) estimates that the world can lose 0.089 percent to 0.404 percent of its GDP due to the outbreak, which is between USD 77 Billion and USD 347 Billion in monetary terms. The impact of the outbreak reached Bangladesh […]

The dream of shifting towards a digital economy has been deeply seated in the vision of ‘Digital Bangladesh’ which reflected on the increasing digital transactions within the country. Since March 2020, the COVID-19 pandemic has steered the nationwide social and economic lockdowns and pushed the economy on the verge of collapsing. However, this has led […]

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 […]

Like elsewhere across the globe, the COVID-19 pandemic has ushered in an economic crisis for Bangladesh. The World Bank has forecasted the country’s GDP growth rate to come down to 2 to 3%. Similarly, the International Monetary Fund (IMF) has projected the growth rate to go down to 2%. The government has imposed a nationwide […]

Frugal Innovation or frugal engineering refers to reducing the complexity and cost of the production of a good to make it available to a larger portion of the population. A few examples of frugal innovations around the world shall give a clearer picture to what it is. Country Product  Description India Tata Nano Car A […]

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 […]