Green Stitch (GRS)

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The Vital Role of Bangladesh Buying Houses in the Garment Industry: A Case Study on Green Stitch (GRS) Introduction Bangladesh is one of the world’s largest exporters of ready-made garments (RMG), contributing approximately $46.99 billion in apparel exports in 2023 (BGMEA). The success of this industry is driven by various stakeholders, including manufacturers, suppliers, and buying houses. Buying houses act as a crucial link between global fashion retailers and Bangladeshi garment manufacturers, ensuring smooth business operations and high-quality production. The Role of Buying Houses in the Garment Industry Buying houses in Bangladesh play a pivotal role by offering the following services: Sourcing and Vendor Selection Buying houses identify suitable manufacturers based on quality, capacity, compliance, and cost efficiency. Example: Green Stitch (GRS) collaborates with ethical and certified factories to supply high-quality schoolwear, uniforms, and casual apparel to global brands. Quality Control & Compliance Management They ensure that products meet international quality standards such as ISO, WRAP, and OEKO-TEX. GRS follows stringent AQL (Acceptable Quality Limit) standards to meet customer expectations and reduce rejections. Price Negotiation and Cost Optimization Buying houses negotiate with factories to offer competitive pricing while ensuring fair wages and ethical practices. GRS has optimized costs for its clients without compromising quality, making it a trusted partner for buyers. Production Monitoring & Timely Delivery Regular follow-ups ensure that shipments are delivered on time. GRS has achieved an on-time delivery rate of 95%, reducing supply chain disruptions. Sustainability and Ethical Sourcing Buying houses promote sustainable practices by sourcing eco-friendly fabrics and ensuring factories follow fair labor policies. GRS works with recycled polyester and organic cotton suppliers, supporting the green fashion movement. The Impact of Buying Houses on Bangladesh’s Garment Sector The RMG sector contributes 84% of Bangladesh’s total exports. Buying houses facilitate trade with major retailers like Kmart Australia, H&M, Walmart, and Zara. They enhance SME participation, allowing small factories to enter global supply chains. Green Stitch (GRS): A Success Story Green Stitch (GRS), a prominent buying house in Bangladesh, has successfully facilitated orders from global brands while ensuring compliance, sustainability, and competitive pricing. Recently, GRS secured an order for schoolwear and uniforms from Kmart Australia, showcasing its efficiency in meeting international buyers' demands.

As U.S. fashion firms continue diversifying their sourcing strategies, suppliers with a broader product range hold a competitive edge. Any exporter aiming to dominate the next decade of apparel trade should focus on product diversification. Business Journal

𝐖𝐡𝐚𝐭 𝐃𝐨𝐞𝐬 𝐓𝐫𝐮𝐦𝐩’𝐬 𝐑𝐞𝐧𝐞𝐰𝐞𝐝 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐅𝐢𝐫𝐬𝐭 𝐏𝐨𝐥𝐢𝐜𝐲 𝐌𝐞𝐚𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐒𝐞𝐜𝐭𝐨𝐫? As Donald Trump took oath as the 47th President of the United States, his renewed "America First" trade policy is poised to significantly impact the global apparel sector. In his inaugural address, President Trump emphasized the implementation of substantial tariffs, notably announcing a 25% tariff on imports from Canada and Mexico effective February 1. 𝐊𝐞𝐲 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐚𝐩𝐩𝐚𝐫𝐞𝐥 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: Increased Tariffs: The introduction of a 25% tariff on imports from Canada and Mexico is expected to disrupt existing supply chains, leading to higher costs for apparel brands and potentially increased prices for consumers. Trade Preference Uncertainties: The future of trade agreements and preference programs, such as the United States-Mexico-Canada Agreement (USMCA), remains uncertain under the new administration, creating ambiguity for exporters and importers within the apparel sector. Domestic Production Emphasis: While the "America First" policy aims to bolster domestic manufacturing, the apparel industry may face challenges due to higher production costs and the need for rapid adaptation to new trade policies. Industry stakeholders must navigate these changes strategically, reassessing supply chains and exploring opportunities for innovation to mitigate potential disruptions. Source: Business Journal

𝐁𝐢𝐠 𝐍𝐞𝐰𝐬 𝐚𝐭 𝐆𝐫𝐞𝐞𝐧 𝐒𝐭𝐢𝐭𝐜𝐡 ! We are delighted to welcome BRAC Kumon, a distinguished local buyer, to the Green Stitch (GRS) family! At Green Stitch, we take pride in providing top-tier services to both local and international buyers, ensuring that sustainability, quality, and innovation are at the core of every collaboration. This partnership with BRAC Kumon highlights our commitment to supporting local enterprises while driving impactful solutions in the textile and apparel industry. Together, we aim to push boundaries and create a greener, more sustainable future. We are excited about the opportunities this collaboration brings and look forward to a successful journey ahead! #GreenStitch #GRS #BRACKumon #Sustainability #LocalBuyers #GlobalImpact #TextileInnovation #buyers #apparel #textile #buyinghouse #valueaddedproducts

HSCode

𝐑𝐞𝐝 𝐒𝐞𝐚 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐒𝐭𝐢𝐥𝐥 𝐑𝐢𝐬𝐤𝐲 𝐃𝐞𝐬𝐩𝐢𝐭𝐞 𝐂𝐞𝐚𝐬𝐞𝐟𝐢𝐫𝐞 The recent Israel-Hamas ceasefire hasn’t fully mitigated risks in the Red Sea. Key highlights: 🔴 Frequent Houthi Attacks: Over 100 incidents involving merchant vessels reported since November 2023, threatening global shipping routes. 🔴 Shipping Giants Hold Back: Major companies like Maersk and Hapag-Lloyd remain reluctant to resume operations in the region due to security concerns. 🔴 High-Risk Zone Classification: Lloyd's Joint War Committee continues to categorize the Red Sea as a high-risk area, driving up insurance costs. 🔴 Economic Impact: The disruption affects global trade and supply chains, with increased costs for shipping and insurance. 🔴 Call for Vigilance: Maritime stakeholders must stay updated and exercise caution while considering Red Sea transit. 📊 The Red Sea remains a crucial yet precarious maritime route, underscoring the importance of sustained security measures. #MaritimeSecurity #GlobalTrade #RedSea #ShippingRisks #CeasefireImpact #SupplyChain Business Journal #businessjournal BIMCO Chatham House CSIS Defense and Security Department

https://lnkd.in/gpXBfNMX

𝐓𝐨𝐩 𝐂𝐨𝐭𝐭𝐨𝐧 𝐈𝐦𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐢𝐧 2023/2024 Cotton remains one of the most essential raw materials in the global textile industry, fueling production for everything from basic T-shirts to high-end fashion. The latest data shows China leading the world in cotton imports, followed by Bangladesh, Vietnam, Turkey, and Pakistan — countries that play a significant role in the global apparel supply chain. 𝐓𝐨𝐩 𝐂𝐨𝐭𝐭𝐨𝐧 𝐈𝐦𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐢𝐧 2023/2024 ⏩ China – 3.26 million metric tons ⏩ Bangladesh - 1.64 million metric tons ⏩ Vietnam – 1.43 million metric tons ⏩ Turkey – 776 thousand metric tons ⏩ Pakistan – 697 thousand metric tons ⏩ Indonesia – 402 thousand metric tons ⏩ India – 193 thousand metric tons (Source: Statista) While cotton remains a key commodity, the industry is seeing a shift toward sustainability, circular fashion, and innovative fibers. These changes will redefine how cotton is grown, traded, and used in the future. #cottonindustry #globaltrade #textilesupplychain #sustainablefashion #apparelmanufacturing #cottonbelt Business Journal #businessjournal #cotton Boris Liu Jason Kra, Ph.D. Jason Kibbey Andrew Olah Cecilia Takayama Christian Philipp Schindler Bangladesh Textile Mills Association, BTMA Better Cotton ITMF - International Textile Manufacturers Federation Lenzing Group Kingpins Show Levi Strauss & Co. VF Corporation

💚 Quality You Can Trust! 💚 At Green Stitch, we take pride in delivering premium knitwear and woven apparel from Bangladesh to global brands. Our products are crafted with care, ensuring sustainability, quality, and affordability for your business. Let's build a strong partnership together! 🤝 📩 Contact us today: info@grstitch.com #greenstitch #madeinbangladesh #apparelmanufacturing #sustainablefashion