Business Trend Analysis of RMG Industry in Context of Bangladesh-A Case Study

Abstract

Bangladesh has made a tremendous contribution to RMG (Ready Made Garment) sector since the 1970s. Textiles and apparels consider for about 85% of the total export earnings of Bangladesh. Though it’s quite difficult to mete out the dimension of performance and objection of the RMG sector in Bangladesh but to fulfill the task this study has made a search based on the study of attainable documents. The beauty of this study lies in its way of narration, a sequential way of description. The study discovers that since its inception, the RMG industry contributed significantly to our economy especially during the last three decades. The cross-check analysis has been conducted to compare the last three decades’ export of RMG, specific garments export, GDP, market share, etc to get a lucid idea of the business trend of the RMG industry. These initiatives focus more on the establishment of sound structure, skilled manpower, enhanced market access, access to finance at the competitive interest rate, adaptation with advanced technology as well as institutional development. Therefore, both public and private sectors need to take several preliminaries, independently and collaboratively to overcome these challenges. Moreover, to take control and reserve the golden share of RMG, assured branding needs to be expansive.

Evaluating barriers to sustainable boiler operation in the apparel manufacturing industry: Implications for mitigating operational hazards in the emerging economies

“…Depicting this large number of relationships in a single diagram makes it visually complicated. Therefore, this study set a threshold value (θ = 0.0957) using equation (11) (see the S1 File).…”

“…The apparel manufacturing industry of Bangladesh is not only the highest revenue-earning sector for this emerging economic country but also one of the largest apparel manufacturing sectors in the world [9,10]. This industry has contributed to around 85% of the country's total export earnings in the last few decades and has established itself as a significant global player in this sector [11]. In this era of the fourth industrial revolution (Industry 4.0), to carry on with the achieved progress in the apparel sector, Bangladesh must broaden its focus to attain economic, social, and environmental sustainability in this sector.…”

Relationship Between Leadership Behaviour and Firm Performance in the Rmg Industry of Bangladesh

“…The theoretical framework of this research is grounded in the signi cance of leadership behaviour in the RMG sector, encompassing Task-Oriented Behaviour (TOB), Relations-Oriented Behaviour (ROB), and Change-Oriented Behaviour (COB) (Yukl, 2020(Yukl, , 2021. Leadership adaptability in response to technological shifts and the emergence of ethical leadership are critical considerations (Smith et al, 2020;Kaniz et al, 2020;Bormann, 2020). Leadership behaviour profoundly in uences how rms respond to challenges, manage their workforce, and position themselves globally, impacting organisational culture, employee motivation, and strategic decisions (Azeem et (Ali, 2020).…”

The impact of training and development facilities on job commitment among entry-level employees: Bangladeshi RMG perspectives

“…The lack of significant industrial development in Bangladesh, formerly known as East Pakistan, can be attributed to the discriminatory attitudes and actions of the government in West Pakistan during that time. The primary obstacle seemed to be the task of reconstructing the war-torn nation with scarce resources (Farhana et al, 2022). The RMG industry has emerged as a significant contributor to the reconstruction of the country and its economy, establishing itself as the primary source of export earnings for Bangladesh.…”

“…The individual possessed a visionary perspective on the potential transformation of the nation. In 1978, the individual in question dispatched a total of 130 trainees to South Korea with the purpose of acquiring knowledge and skills in the production of readymade clothing (Pinky, 2020;Farhana et al, 2022).…”