RMG
Bangladesh is the second-largest ready-made garment (RMG) manufacturer and exporter in the world. The industry here has become one of the fastest-growing globally since the 1990s and is the main source of foreign earnings for the last three decades. More than 84% of the total export earnings in 2019–2020 came from garment exports. Being a key component in the growth of Bangladesh, the RMG sector requires direct attention to reduce susceptibility to market volatility and disruption.
Although Bangladesh has improved its competitive advantages, the RMG industry is still plagued with inefficiencies. Also, process loss due to issues in power, management, infrastructure, and flow of material still poses a threat to the industry. These pivotal areas need to be handled delicately to attain long-term value for the businesses and the entire Bangladesh economy.
THiNK helps RMG companies explore, identify and implement the right balance of bold strategic choices to sustain their business today and transform it for competitive advantage tomorrow. THiNK aims to solidify Bangladesh’s grip over the global RMG market with tools that will reduce overall costs, increase productivity, and scale up profits.
