Home / Knowledge / News / Apparel/Garments / Efficient logistics will help Bangladesh RMG exports
Efficient logistics will help Bangladesh RMG exports
05
Jul '12
Effective trade logistics will give Bangladesh a competitive edge in exports of readymade garments (RMG), says a new report, “Consolidating and Accelerating Exports in Bangladesh”, released by the World Bank.
 
The report predicts that garments, which now constitute three-fourths of Bangladesh’s total exports, will continue to dominate the country’s exports, but encouraging diversification will help guard against shocks and maintain export growth in the longer term.
 
For the export growth to accelerate, the report stresses on addressing critical bottlenecks, including trade logistics, shortage of skilled manpower, and compliance with Government labour standards.
 
The garment sector of Bangladesh has grown impressively and captured an increasing share of the world market, but the export growth cannot be taken for granted, says the report.
 
To ensure sustained growth in the apparel sector, it is most important for Bangladesh to improve logistics so that exports as well as imported raw materials are shipped on time, cost effectively and reliably.
 
According to the report, improvements in trade logistics can reduce the lead time for fulfilling an order by up to 21 days, even if raw materials continue to be sourced from abroad.
 
In the RMG sector, the skills gap is becoming increasingly visible and a high rate of rejection of final products provide an evidence for the same, the study says.
 
The report also highlights the gaps in supervisory and management skills and cites the presence of skilled foreign workers in the Bangladeshi apparel sector.
 
The report advises the Government to increase the relevance of the publicly-funded Technical and Vocational Education and Training programme to better align it with needs of the country’s clothing sector.
 
As Bangladesh moves towards higher value garment exports, compliance with the Government’s labour and building standards will become increasingly more important, says the report.
 
It urges the Government to work closely with the RMG industry to ensure that its labour standards are properly implemented, and also support enterprises to relocate manufacturing units from residential to industrial buildings that are better equipped to provide safe working conditions.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Apr 2017

Greater Manchester is high on its textiles industry

Greater Manchester is witnessing a boom in textiles industry with 77...

Apparel/Garments | On 25th Apr 2017

Indian trade leaders to discuss GST, digital payments

Trade leaders from various Indian states will meet in New Delhi to...

Apparel/Garments | On 25th Apr 2017

Foreign buyers paying less for green factory apparel

International buyers are not paying enough for apparel and garments...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search