BANGLADESH: Buyers assess apparel sourcing opportunities
A group of buyers representing some 20 global brands and retailers is this week visiting Bangladesh as part of a wider regional tour to explore sourcing alternatives to China.
The delegation from Hong Kong will also take in Burma (officially known as Myanmar), Cambodia, Indonesia and Vietnam.
Richard Vuylsteke, leader of the delegation and president of American Chamber of Commerce in Hong Kong, said the executives are looking to diversify their sourcing, especially as China is shifting from basic garments to other high-tech industries and faces rising labour costs.
"Bangladesh is our first choice...the country has a long history of producing readymade garments," he said.
Between them, these brands and retailers purchased ready-made garments worth around US$5.8bn - around 30.4% of the country's total garment exports in the fiscal year 2011-12.
During a meeting yesterday (8 November) with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) issues were discussed including management education and training, sustainable factory models, a periodic review of the local minimum wage, and infrastructure developments.
"It is a crucial time for us. If we can give them [the global buyers] the assurances that the government is working to develop the infrastructure, we can surely become an alternative to China for them," the BGMEA noted.
The BGMEA said a shortage of skilled manpower still remains a big problem for the country's apparel industry. Currently, around 4m workers are employed in the sector, of which 80% are women.
Esprit's plans to rejuvenate its brand have been described as a "total calamitous failure" by one analyst after the fashion retailer's turnaround efforts yet again failed to gain traction....
Outdoor clothing company Patagonia Inc is restructuring its business to focus on its environmental and social focus, including a new $20m investment fund to back start-up companies who share its ethic...
NGOs are increasing pressure on international clothing brands and retailers that source from Bangladesh to sign the Accord on Fire and Building Safety following another fatal incident in a garment fac...
The US State Department, Department of Labor and Office of the US Trade Representative has engaged in talks with US buyers in Bangladesh's garment industry to discuss US Government engagement to impro...
The most read stories on just-style this week include Adidas launching a mobile phone pilot to monitor labour rights at one of its supplier factories, another fatal factory fire in Bangladesh, and uni...
US women's wear retailer Bebe Stores has seen its third-quarter losses widen due to a one-off cost, restructuring expenses, and lower sales. ...
Jo Jenkins has rejoined Marks & Spencer as the retailer's new director of lingerie and beauty....
- What Marks & Spencer's numbers mean for clothing
- Tanzania adds to Africa’s apparel sourcing mix
- Supply chain weighs on Kering's green footprint
- Balance essential in garment supply chain
- Where next for 3D design and prototyping?
- AGOA delays drag on sourcing decisions
- American Eagle Outfitters Q1 earnings soar
- EU and Turkey to update customs union
- Burberry shares slide as FY outlook slashed
- Gap brand sales continue to fall short