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We can’t lose our competitive edge

  • Published at 05:48 pm August 3rd, 2017
  • Last updated at 06:03 pm August 3rd, 2017
We can’t lose our competitive edge

Falling prices in the global RMG market -- due to falling global demand -- are squeezing our profit margin even as our share in the global market has increased 0.50%.

If we cannot improve our competitive edge in the RMG market, we may be priced out eventually.

That is because the market is constantly in flux -- what with the relentless march of globalisation -- and we have to keep adapting to the shifting dynamics.

Our competitors are not sitting idle either: They are continuously investing to shore up their comparative advantage, which, in turn, makes us relatively less efficient.

And the only way to keep efficiency up is to invest in our inadequate infrastructure -- the biggest barrier Bangladesh must overcome in order to thrive in the competitive world of international trade.

Efficiency is the name of the game.