Stay updated with breaking news from Rmg Export. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Unit costs remain significantly lower when sourcing from Bangladesh, which is why creating nearshoring options is not a direct threat to Bangladesh’s apparel manufacturers when it comes to prices
Export earnings of Bangladesh : Exports decreased by 1.06% to $5.3 billion
Unless a holistic approach is taken, the sector will continue to fall short of international standards.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today urged international clothing retailers and brands to increase the unit price of garment items as the factory owners are going to implement the new wage from December 1 this year.
Despite the five-year minimum wage review cycle, there seems to be no preparation on the factory owners’ end