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

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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