Home / Knowledge / News / Association/Org / 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


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Valter De Carli,

Valter De Carli

Savio Macchine Tessili is at the head of a group that holds a know-how of...

Marco Girola,

Marco Girola

With its commitment to innovation and deep technical expertise,...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

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

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

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

Leave your Comments


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search