• Sunday, Oct 17, 2021
  • Last Update : 07:19 pm

ED: Re-starting the RMG sector

  • Published at 12:18 am September 11th, 2021
rmg
BIGSTOCK

A more equal relationship must be established amongst manufacturers and buyers

It is encouraging to note that, despite the controversies surrounding cancelled orders and the economic slump post-Covid, RMG work orders are slowly returning to pre-pandemic levels.

Undoubtedly, our export-based industries, none more so than RMG, were severely hit in the fallout from the coronavirus pandemic, and with so many people economically dependent on its success, now is as good as a time as any for the wheels of the industry to start turning once more.

Thanks to a steady inflow of work orders on par with pre-pandemic levels, it has led local garments manufacturers to remain hopeful with regards to full recovery by the end of this year.

However, some caveats remain -- the most important of which is the imbalanced nature of the relationship between our local manufacturers and global corporations, which showed little to no concern for the consequences of the cancellation of orders. This no doubt needs to change.

In addition, and perhaps as a consequence of the same attitude from these massive companies, they have continued to offer lower than usual prices for products, no doubt taking advantage of a situation whereby manufacturers have little choice but to say yes in order to have any chance of a recovery.

A more equal relationship must be established amongst manufacturers and buyers. We all demand safer working conditions, but it is imperative that these large labels put their money where their mouth is, so to speak.

Regardless, it is good to see that Bangladesh’s largest industry is getting back up on its feet, but it should also serve as a reminder for the authorities to incentivize other industries and allow our export basket to diversify in order to create an economy that can grow sustainably.

71
Facebook 69
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail