Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and Bangladesh has emerged as priority for these companies to source apparels.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
After convening a meeting with representatives of American Chamber of Commerce in Hong Kong (AmCham), the Bangladesh Garment Manufacturers' and Exporters' Association (BGMEA) leaders signalled that big opportunities are looming for Bangladeshi garment sector.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
Briefing media after the meeting, BGMEA President Shafiul Islam Mohiuddin said planning to move away for China, world’s top-most buying houses are looking for alternate sourcing options.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
He said this is the right time for Bangladesh Government and apparel industry to act, and if timely measures are not initiated the opportunity may lapse.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
AmCham President Richard R Vuylsteke said Chinese firms are adapting advanced technologies, which has raised the cost of production making sourcing from there costlier.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
Due to this, buying firms are looking at other sourcing options and Bangladesh, Vietnam, Cambodia, Indonesia and Laos have emerged as their preferred choices, he said.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
Bangladesh, however, tops this preference list as a number of buyers who earlier sourced from China have already started sourcing from Bangladesh.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
Mr. Vuylsteke said all – the government, entrepreneurs and the buyers - would have to team up to take advantage from the situation.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
After their Bangladesh visit, AmCham representatives would also be visiting Vietnam, Indonesia, Myanmar and Cambodia, before finally deciding on the quantum of products to be sourced from each nation.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
The visiting delegation included representatives of 20 leading buying houses like PVH Corp, Spirit Nike, H&M, Walmart, Tom Tailor, American Eagle and Amer Sports.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
AmCham is one of the biggest American Chambers outside the United States and the biggest one in Hong Kong.
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and#
Fibre2fashion News Desk - India