Bangladesh Exports Of Finished Garments With Efficient Logistics Assistance
A recent report released by the world bank, "consolidating and promoting Bangladesh exports", said that effective trade logistics will enhance Bangladesh's RMG export advantage.
The report predicts that clothing now accounts for 3/4 of Bangladesh's total exports and will continue to dominate the country's exports, but encouraging diversity will help protect it.
Clothing export
The impact will sustain exports growth for a long time.
The report stresses that addressing key bottlenecks, including trade logistics, shortage of skilled workers, and compliance with government labour standards, will help speed up export growth.
The report said Bangladesh
Clothing industry
Growth has left a deep impression on the world market share, but export growth is not satisfactory.
In order to ensure the sustained growth of the garment industry, the most important thing is to improve the logistics of Bangladesh, to ensure the export and import of raw materials and the delivery of fashion boats, so as to improve efficiency, cost and reliability.
According to the report, the improvement of trade logistics can reduce the time from order to delivery by 21 days, even if it continues to purchase raw materials from abroad.
The report says
Garment industry
The shortage of skilled workers is becoming more and more obvious, so the proportion of finished products returned is very high.
The report said that because Bangladesh is developing towards higher price clothing exports, it will become more and more important to comply with the government's labour and construction standards.
The report urges the government to work closely with the ready made garment industry to ensure that its labor standards are properly implemented, while supporting enterprises to move their factories from residential buildings to industrial buildings so as to install better equipment and create safe working conditions.
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