TEXONLINE - Textile News from Bangladesh
texmachinery.com - Textile Magazine and network - 18 January 2018

Photo

Bangladesh has been a leading global exporter of readymade garments (RMG) and earns around 76% of its foreign exchange through exporting textiles and readymade garments. After incidents like the Rana Plaza building collapse and fire calamity in Bangladesh’s apparel industry that claimed several lives, there was a question mark on its safety and compliance eligibility. Many western brands, which sourced from the country owing to low wages and other benefits, moved away to other sourcing destinations. And the conclusion of recent TPP agreement would further move sourcing to Vietnam, leaving Bangladesh to think and act fast amid rising competition.

Presently, almost 100% export-oriented knitted fabrics are being produced in the country, but more than 60% of the export-oriented woven fabric is imported making its RMG expensive. Also other raw material requirements such as 100% of dyes, chemicals, spare parts and machinery are also imported. So in order to become competitive against its rivals such as Vietnam and Cambodia, Bangladesh will have to look into strengthening its raw material base to offer better price points.

Another aspect is value addition. Bangladesh should simultaneously try to increase the export price by adding value to its products. Another most important point that can bring down costs significantly is the eliminations of middleman.
The three-way process that involves transaction between the manufacturer to middleman and then middleman to importer leads to significant rise in costs. Now, while manufacturers are trying to reach out to suppliers directly skipping the agents on one hand to bring down cost on raw material, on the other they are directly negotiating with the importers to offer competitive price-points by eliminating the middleman.

While the process has begun, industry experts feel that the manufacturing companies need to invest in improving skill-sets of their marketing executives and a marketing strategy to deal with overseas buyers directly. The sector has hired many Sri Lankan, Indian and Philipines production and quality control executives to gain confidence of the buyers. In fact, Bangladesh is relying on buyers‘ agent for orders. However, they need to train domestic employees to become the trusted marketing agents.

The country’s RMG exporters, instead of completely depending upon the traditional importing markets such as the US and EU must also explore markets like Japan, Australia, Russia, Eastern Europe, the Nordic countries, Central Asia, Africa and the Middle East to establish their presence in the global market. Its time, serious investment and effort are made to combat the competition.

Fonte: Pakistan Textile Journal

Photo

India
13 March 2016

Textile export to cross $40 billion in 2015-16
...
leggi

Photo

Bangladesh
29 February 2016

RMG exporters look for ways to beat competition
...
leggi

Photo

India
13 February 2016

Make in India’ boost to the country’s denim segment
...
leggi

Photo

China
22 January 2016

Changing textile and apparel sector adapting to ‘New Normal’
...
leggi

Photo

Sri Lanka
15 January 2016

Apparel sector links up with 9 top global retailers
...
leggi

Photo

Thailand
10 January 2016

Ministry of Industry to develop manufacturing of Thai Silk products
...
leggi

Photo

Vietnam
02 January 2016

TPP may boost Vietnam apparel export by 50% in 10 years
...
leggi

Photo

Zimbabwe
01 January 2016

Country trying to revive cotton production
...
leggi

COMPANY PRESS RELEASES
Photo

Germany
18 March 2016

Oerlikon Neumag at IDEA 2016 in Boston, USA
...
leggi

India
13 March 2016

Textile export to cross $40 billion in 2015-16 ...

Bangladesh
29 February 2016

RMG exporters look for ways to beat competition ...

India
13 February 2016

Make in India’ boost to the country’s denim segment ...

China
22 January 2016

Changing textile and apparel sector adapting to ‘New Normal’ ...

Sri Lanka
15 January 2016

Apparel sector links up with 9 top global retailers ...

Thailand
10 January 2016

Ministry of Industry to develop manufacturing of Thai Silk products ...

Vietnam
02 January 2016

TPP may boost Vietnam apparel export by 50% in 10 years ...

GARMENT MANUFACTURERS SOURCING EXPO
06 July 2017

Sourcing Fair for Materials, Accessories and Equipment for Garment and Textile Manufacturing ...

GFT
06 July 2017

ASEAN’s Leading Exhibition on Garment and Textile Manufacturing Industry ...

TEXPROCESS - FRANKFURT
09 May 2017

Exhibition of Equipment and Technology for the Development, Sourcing and Production of Sewn Products ...

BELLEGMASH
20 January 2017

Equipment and Machines for Textile Industry, Machines for Production of Footwear, Textile Products, Footwear, Clothing ...

GTEX TEXTILE MACHINERY EXPO
20 January 2017

Textile, Garments, Embroidery, Digital Printing, Chemical, Yarn & Brand Expo. GTex Textile Machinery Expo will also showcase Stitching, Spinning, Knitting, Weaving, Dyeing, Finishing, Lab Equipment, Leather, Shoes, Sportswear, Machinery & Acc ...