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Presentation for Steve Rowe
Transcript of Presentation for Steve Rowe
Interesting Facts of Bangladesh
Only nation that fought and bleed for Mother Language - Bangla
8th most happiest country in the world
A small independent country on the Globe. Densely populated, Rich in cultural heritage. Practicing liberal democracy.
People’s Republic of Bangladesh
Total land area 147,570 square kilometers
Surrounded by India almost 95%, 4,000 km, land border
Joined the Asian Highway network with 32 countries on 2009
160 million population, 42% are working group, average age of the working group 26 years
90% of the population are Muslim
GDP growth 6.0% consecutively for the last 5 years, average Inflation 6.5%
National currency Bangladesh TAKA (1 usd = 78.0 Taka)
Per Capita Income USD1,300/per anum
Total Export of the country : 30 billion USD
Total Import of the country : 40 billion USD
Industrialization grew mainly in Dhaka & Chittagong district, due to availability of natural gas in the nearby eastern region.
Two major sea ports in the country in Chittagong & Khulna district. 250 km from the Capital, takes almost 7 hours for a cargo to reach to the port
Country economy is mainly based on Agriculture.
Major harvests are Rice, Jute, Tea, and Shrimps
There are almost 4700 factories in Bangladesh
4000 of these are around Dkaha, 500 of them are at Chittagong, the rest are scatted over the EPZ in different places in the country.
Has the highest participation in UN peacekeeping mission
Garment Industry in Bangladesh
The journey began in 1978.
REAZ GARMENTS, a small factory mainly supplying to the local market, first exported 10,000 pcs of Men’s Shirt to France
Worth of 1.3 million French Francs.
Today Bangladesh is ranked 2nd largest clothing exporters after China.
Bangladesh covers only 7% of the Global Clothing market ($350 billion), leaving a big opportunity to become the No.1
3.5 million work force engaged with the garment industry, 80% are women
Wake up call
They say one of the many ways to get more friends is at the time of a disaster. Well, we have had tough times. It is when two International bodies came to our aid, Alliance and Accord.
Initiatives by the Labor Unions and the Brands in May 2013
2500 factories are undergoing safety inspection by the two initiatives and ILO backed NTP
Initiatives would be completed in 2018
The big learning is Bangladesh now needs to invest in capacity building to continue the development works and make it sustainable.
Strength vs Needs to be better
Low cost production
Large production capacity
Factory standard & safety
Longer lead time
Labor and Wage Comparison
Brands have closure with Bangladesh
Next thing to achieve
Invest in automation
International standard factory base
Competitive price advantage through direct sourcing
Low Labor cost
More focus on:
Secure our Sourcing
Right product from the right vendor
Good factory standard
De-risk the business
Challenge the traders with direct vendors
Shipment On time
Establish Eco base industries
Engage more people who are able differently
Bangladesh a closer look