The industry stakeholders had recently held the second meeting of the RMG wage board in which labour organisations have put forth demand for increasing the minimum wage to Taka 24,000 (for the apparel workers), from what was Taka 8000 as per the 2018 wage board.Īdd to this the rising overheads and material cost. Increasing wages and utility costs will make things difficult for Bangladesh,feels Foo Toon Pow, Managing Director (MD) of Focus Garment Tech Pte Ltd. That’s a very significant number to say the least.īangladesh has so far been leveraging its inherent advantage of cost competitiveness.However, going forward, the industry’s USP of cost-competiveness may take a beating, thanks to a host of reasons! To put it in numbers,if a manufacturing unit produces 10 styles/day via manual order planning,embracing automation will help the factory to reduce the lead time by 5 hours on a daily basis, translating to 125 hours a month and over 1500 hours in a year. This means 80 percent time reduction in the entire exercise for a garment maker. To put things in perspective (as far as the relevance of technology is concerned), a study conducted recently found an average order planning time with manual systems taking around 35-40 minutes,which can be completed in just 7 minutes with an automated system. The new technologies – including state-of-the-art machinery to produce manmade fibre and robotic technology – will diversify the sector’s export basket while also speed up the overall production process, underlined people in the know of things. Investments and efforts speeding up the process!īangladesh apparel makers are said to be planning to pump in a massive US $ 3.5 billion in new technologies even as the US $100 billion export target by 2030 continues to loom large on the horizon, which experts believe will be a tough ask to achieve sans technology. “As we prepare for the next phase of growth, we have to enhance our business capabilities using latest technologies for fabric and resource optimisation, 3D sampling and pattern making, increasing popularity of virtual market and circular fashion,” held Faruque Hassan, the President of the apex garment makers’ body of Bangladesh- Bangladesh Garment Manufacturers and Exporters Association (BGMEA), highlighting the implications of technology in the changing milieu. “As we prepare for the next phase of growth, we have to enhance our business capabilities using latest technologies for fabric and resource optimisation, 3D sampling and pattern making, increasing popularity of virtual market and circular fashion.”- Faruque Hassanįoresighted as they are, Bangladesh garment makers are already at it! In today’s era of fast fashion where brands are continuously striving to make production processes faster and simpler even as they scout for vendors who have smaller lead times, shorter order runs, are cost-effective, can offer variety of styles and high-fashion products, garment makers have little choice but to embrace technology that can live up to the requirements even as they look to increase efficiencies while also beat the heat of price points. From the days of the multi-fibre agreement (in the ’70s) to the tragedy of today when the world is going through a bad phase starting from the recession trend and the ongoing war, Bangladesh has never ceased to adjust and acclimatise with time to maintain its relevance as the preferred sourcing destination for the global buyers. Bangladesh is renowned for its ability to evolve, adapt and discover itself with time,which differentiates it from many of its competitors.
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