The global trade environment is becoming increasingly uncertain, and Bangladesh cannot afford to be complacent.
A country’s energy mix may even one day override all other issues given the climate crisis we face.
EU’s new law on corporate responsibility a step in the right direction
Let’s visit this discussion on three levels of analysis on the local, national, and global scenarios and impacts.
First, is any of this even ethical? Second, how is Shein retailing clothing so cheaply?
Growth is crucial, but it should never come at the expense of the environment and human life.
What is more important: being a successful, financially viable business, or being a sustainable business?
The overwhelming consensus among experts and media professionals is that cheap labour is Bangladesh’s primary comparative advantage.
And while cost reduction is essential, it should not come at the expense of product quality.
Clean Clothes Campaign, the world’s largest alliance of garment industry labour unions, piled pressure on the major brands connected to the Tazreen factory fire to sign the International Accord, which protects workers in Bangladesh.
For 10 long years, the state has failed the victims of Tazreen and their families.
Apparel exporters are faced with the dilemma of a shrinking demand overseas and a sharp rise in the cost of production.
As garment makers, we cannot afford to absorb all cost increases along the supply chain.
By limiting ourselves to these two markets, we are missing out on a whole world of opportunities.
Despite a lot of emphasis by policy-makers on cutting dependence on a single product for exports over the years, the share of readymade garments has increased gradually, putting external sales, jobs, and the economy as a whole at risk.
Recessions don’t happen overnight, and people don’t stop spending from one day to the next.
As the global economy is threatened by recession, RMG makers will have to come up with strategies to deal.
In recent months, global energy prices have soared, and ready-made garment (RMG) makers in Bangladesh have been feeling its impacts these past few weeks.
It seems that just as we recover from one crisis – the global pandemic – another one begins.
