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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 […]

The Effect of COVID-19 on Bangladesh’s Apparel Industry

The Covid-19 pandemic has had a profound impact on the supply chain and demand for the apparel sector. Top exporters like Bangladesh have started feeling the heat due to raw material sourcing challenges and cancelled orders. The performance of the RMG sector is more critical for an economy like Bangladesh, since apparel contributes 84% of […]

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 […]

Top 10 Most Read Stories of 2019

Our stories have been read by thousands, over the past year. It reflects the hope and curiosity of modern business leaders in every sector with the anticipation of a better 2020. Find out the 10 most read in 2019.

Bangladesh: An Unexpected Leader in Green RMG

Despite being a developing country with a ready-made garments sector that is focused on cheap production, Bangladesh leads the world in “green RMG” . Green RMG, the increase of which has also been termed the green revolution, refers to environmentally-sustainable production practices in the sector. It includes waste management, energy efficiency, and water conservation. As […]

Rawhide Price Shock Caused by Leather Industry Changes

The leather industry was shocked by a steep decline in rawhide prices during Eid-ul-Adha this year. This time of year is when a significant supply of rawhide is generated for the leather tanneries throughout the country, but people were seen throwing away the rawhides from their sacrificed cows due to an inability to get fair […]
Report
Bangladesh RMG & Textile Industry Review 2018-19

Textile sector in Bangladesh is comprised of two divisions. They are- Primary Textile Sector (PTS) and export oriented Ready Made Garments (RMG). Over last 35 years (from 1983-84 to 2017-18), CAGR of RMG export was 21.71% where CAGR of export was 11.50%. In the recent concluded financial year, contribution of RMG sector to the total […]

  • Published on: July 16, 2019

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 […]
Report
Prospects of Wage Digitization In The Apparel Sector | Bangladesh 2019

As the apparel industry of Bangladesh aims to gain higher export in an increasingly competitive global market, sustainability, quality and digitization have become crucial forms of differentiation and competency. Wage digitization in the apparel sector directly affects the lives of 3.5 million people, who are employed in the industry, living under an income bracket of […]

  • Published on: February 6, 2019

RMG and Textiles Sector in Bangladesh

Bangladesh’s RMG sector has been playing a pivotal in facilitating country’s export earnings, contributing 83.4% of the country export (source: EPB), apart for generating employment to the tune of 4.4 million, 80% of which are women. (Source: WB). Considering the sector’s importance to the country’s economic stability, ensuring steady growth for RMG export in the […]
Report
Bangladesh’s ready-made garments landscape: The challenge of growth

With about $15 billion in exports in 2010, ready-made garments are the country’s most important industrial sector; they represent 13 percent and more than 75 percent of GDP and total exports, respectively. McKinsey forecasts export-value growth of 7 to 9 percent annually within the next ten years, so the market will double by 2015 and […]

  • Author: Dr. Achim Borg, Saskia Hedrich & Sebastian Kempf & Dr. Thomas Tochtermann
  • Published on: July 22, 2018
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