McKinsey says the industry must invest in flexibility, sustainability, worker welfare, and infrastructure
Rapid growth, modernisation and improved working conditions have all helped to make Bangladesh one of the world s largest garment exporters. Yet the industry will need to innovate, upgrade and diversify if it is to overcome the challenges brought on by the pandemic and shifts in global markets, a new report has found.
A report by global management consulting firm McKinsey & Company entitled
What s next for Bangladesh s garment industry, after a decade of growth? , claims the pandemic has stalled the sector s progress at a crucial moment, just as global shifts in fashion sourcing threaten Bangladesh s position in industry supply chains. Authors say the industry must invest in flexibility, sustainability, worker welfare, and infrastructure if it is to move forward successfully. ....