STAR Network’s Post

#bangladeshcrisis is the current situation of Bangladesh raising a concern to the companies that totally depends upon their businesses, to the unstable countries like Bangladesh?? For sourcing some cheap amount of labour, Garments companies totally depend on Bangladesh since last decade.if the current situation not get resolved sooner then the all profits that makes by these organisations went vanish due to not getting an immediate supplier challenge. #Geopolitics is a very crucial point to consider while doing export or import. #Demographic Challenge will always haunt if not considered well!!! #Bangladesh #pakistan Hangover

🌐 Breaking News: Bangladesh Secures Top Spot in RMG Exports to the UK! 🇧🇩👕 Kudos to Bangladesh for continuing its remarkable stride in the Ready-Made Garment (RMG) industry! According to recent statistics, Bangladesh has retained its top position in exporting RMG to the UK by volume. This achievement is a testament to the dedication, resilience, and innovation of the Bangladeshi garment industry. Despite challenges, the country's commitment to quality, ethical practices, and meeting global demands remains unwavering. This milestone not only showcases Bangladesh's prominence as a major player in the global textile market but also underscores its crucial role in sustaining international supply chains. It's a proud moment for the nation's economy and its skilled workforce. As the industry continues to evolve, it's inspiring to witness Bangladesh maintaining its lead, emphasizing the trust and confidence that global markets have in its products. Congratulations to all involved in this remarkable achievement! Let's continue supporting and celebrating the growth and success of Bangladesh's RMG sector on the global stage. 🎉👏👗 #RMG #BangladeshExports #TextileIndustry #GlobalTrade #EconomicGrowth

Faruque Hassan President of Brand BGMEA said, #RMG’s Performance Bodes Well for Future. A few decades ago it was near to impossible to imagine that Bangladesh would ever become a dominant force in the world of #apparel_manufacturing and that nine out of the world’s #top_10_green_factories would be Bangladeshi🇧🇩. It was inconceivable that Bangladesh would overtake China – the RMG’s Performance Bodes Well for Futureworld’s #largest_apparel exporter – in apparel exports in the lucrative #European_market. It is heartening to see not only has Bangladesh surpassed China in #RMG_export volume to the #EU_market but also recently become number one #cotton_made apparel supplier to USA🇺🇲. Bangladesh’s total #apparel_exports to the USA🇺🇲 is also rapidly increasing as more and more #US_brands are shifting their sourcing orders from China🇨🇳 to Bangladesh🇧🇩. Thanks to its high level of adaptability to due diligence best practices, resilience and unwavering commitment to become more dynamic and comparative, Bangladesh #RMG_industry has succeeded in earning the trust of the #global_brands and #consumers. One can figure out the stunning rise of the industry by the fact that export earnings from this sector have more than doubled in last one decade, reaching a whopping USD 46.99 -billion in previous 2022-23 fiscal year. This impressive growth of Bangladesh #RMG&industry has made it the world’s second largest garment supplier, with its products selling in 167 countries. Some other amazing facts about the RMG sector includes it accounts for around 84.58 percent of total export earnings of Bangladesh. With 3,500 active #clothing_factories at present and USD 20 -billion in investment, the sector contributes 11 percent to GROSS DOMESTIC PRODUCT (#GDP) and supports over 4 million jobs directly. Of those, 60 percent are #female. So, it would not be an overstatement to say that the #apparel_sector is the largest source of employment for #women in the #industrial_sector. The quality and success of #RMG overseas has also brought pride and honour to every Bangladeshis. Today when someone abroad mentions they are from #Bangladesh, “#superior_quality” springs to mind of the #foreigners, similar to Switzerland🇨🇭 for its watches. The export-oriented garment sector began in 1978 in a rudimentary way. Bangladesh didn’t reach its present level of sophistication and robust #growth just out of the blue. It has been a long journey of trial and error, perseverance and hard work for #apparel_makers. In response to the dedication, enormous efforts and contribution of all, the #industry has undergone massive transformation and grown manifold since its inception. Its #technology features, #safety, #product_quality and #category, and #environmental sustainability all have improved by several orders of magnitude. 👉https://lnkd.in/gTHhTHhz 👉https://lnkd.in/gT3gZJ7g 👉https://lnkd.in/g_GNqZ-B 👉https://lnkd.in/gyJriEfc 👉https://lnkd.in/gEfGcVQn 👉https://lnkd.in/g5EbhZcH

Why Buyers continue to choose Bangladesh for their RMG orders 🤔 Buyers continue to choose Bangladesh for their RMG orders due to the country's cost-effectiveness, skilled labor, strong infrastructure, and trade advantages. Improvements in factory safety and ethical production, make Bangladesh a preferred destination for global apparel brands. #EconomicInflation #ClimateEconomy #EnvironmentalEconomics #InflationProtection #GreenTech #ClimateAction #SustainableFinance #EcoFriendlyEconomy #GreenInnovation #EconomicSustainability #Commercial #Logistics #Supplychain #EradicationofPoverty #linkedin #content #engagement #people #share #linkedinmarketing #linkedinposts #poll #Fortis #HR #JOB #political #GSP

WireFrame — The #BangladeshCrisis and its Discontents The #readymadegarments (RMG) sector in #Bangladesh is facing perhaps its biggest ever crisis since it grew by a whopping 280% from January 2009 to 2022-23 under Sheikh Hasina Wazed who was forced to flee the country on 5 August. In the throes of a political turmoil, we shall have to wait and watch how the situation unfolds at the cost that the RMG sector will have to pay.  Read this mini-series of texfash.com analyses and reports. https://lnkd.in/g6WUBjPh Whether Bangladesh's #apparel industry is able to tide over the crisis would depend on unity and resilience.  https://lnkd.in/ghgc97fZ Even before the current turmoil, buyers were already looking for capacities elsewhere, due to capacity saturation in Bangladesh. The recent turmoil will expedite their plans. https://lnkd.in/gGdEid5T The birth of the Bangladesh's #RMG industry obviously long predates the last Hasina regime, but it was during the period that the industry grew the most—both in numbers and stature. https://lnkd.in/gKR9pj6Q #apparelindustry #sourcing #supplychain #trade #manufacturing #texfash Brand BGMEA Apparel Export Promotion Council Confederation of Indian Textile Industry (CITI) Ethical Trading Initiative IAF: International Apparel Federation Follow texfash.com on LinkedIn: https://lnkd.in/dWNRX6vM

🇧🇩 𝘽𝙖𝙣𝙜𝙡𝙖𝙙𝙚𝙨𝙝’𝙨 𝙃𝙤𝙢𝙚 𝙏𝙚𝙭𝙩𝙞𝙡𝙚 𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙮 𝙁𝙖𝙘𝙚𝙨 𝙎𝙩𝙞𝙛𝙛 𝘾𝙤𝙢𝙥𝙚𝙩𝙞𝙩𝙞𝙤𝙣! With Pakistan’s textile exports up 📈 by 13% YoY and Bangladesh’s home textile exports down 📉 by 2.05%, the competition is heating up. Rising gas prices ⛽️, political challenges 🏛️, and labor unrest are impacting Bangladesh’s competitiveness, pushing work orders to Pakistan, which benefits from local cotton 🌾 and strong government support. To reclaim its position, Bangladesh needs to address these hurdles and explore new markets. #Bangladesh #TextileIndustry #EconomicGrowth #GlobalTrade #tradeVibe_Bangladesh

🇧🇩 𝘽𝙖𝙣𝙜𝙡𝙖𝙙𝙚𝙨𝙝’𝙨 𝙃𝙤𝙢𝙚 𝙏𝙚𝙭𝙩𝙞𝙡𝙚 𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙮 𝙁𝙖𝙘𝙚𝙨 𝙎𝙩𝙞𝙛𝙛 𝘾𝙤𝙢𝙥𝙚𝙩𝙞𝙩𝙞𝙤𝙣! With Pakistan’s textile exports up 📈 by 13% YoY and Bangladesh’s home textile exports down 📉 by 2.05%, the competition is heating up. Rising gas prices ⛽️, political challenges 🏛️, and labor unrest are impacting Bangladesh’s competitiveness, pushing work orders to Pakistan, which benefits from local cotton 🌾 and strong government support. To reclaim its position, Bangladesh needs to address these hurdles and explore new markets. #Bangladesh #TextileIndustry #EconomicGrowth #GlobalTrade #tradeVibe_Bangladesh

Today we commemorate the anniversary of Rana Plaza disaster. Reflecting on this tragedy, how have we progressed in its wake? 1. The birth of the Bangladesh Accord: On 15 May 2013, the Bangladesh Accord was signed. It was a five-year independent, legally binding Global Framework Agreement between global brands, retailers, and trade unions designed to build a safe and healthy Bangladeshi Ready Made Garment (RMG) Industry. 2. Expansion of The Accord In 2018, to maintain and expand the Accord progress, over 190 brands and retailers signed the 2018 Accord on Fire and Building Safety in Bangladesh (Transition Accord) with UNI and IndustriALL . 3. The International Accord - In 2021, the Accord signatories reached a new phase in their partnership and established the International Accord for Health and Safety in the Textile & Garment Industry (International Accord). - As of 20 April 2023, International Accord has 164 brands and retailers as signatories. 4. The Pakistand Accord - In December 2022, The Pakistan Accord for Health and Safety in the Textile and Garment Industry (Pakistan Accord) between UNI, IndustriALL and brands and retailers was announced, with the intention to begin implementation in - - 2023 in progressive phases over an initial period of three years. - It currently has 46 signatories. Read about the progress of the International Accord on its website (theinternationalaccord.org) #fashionrevolution #ranaplaza #theinternationalaccord #thepakistanaccord #ethicalfashion #workerrights

Mr. Musadaq Zulqarnain, Chairman of Interloop Limited and Interloop Holdings Private Limited, recently appeared on a podcast hosted by Syed Muzamil Hasan Zaidi. Mr. Musadaq shared his thoughts on a range of critical topics shaping Pakistan’s future including: ·      During his conversation - Mr. Zulqarnain provided deep insights on: ·      The current state of Pakistan’s economy and its future trajectory  ·      Addressing the power and energy crises with sustainable solutions  ·      Strengthening trade relations with our regional neighbors  ·      Tapping into the potential of our youth bulge  ·      The distinction between genuine and in-genuine wealth creation  ·      His vision for Pakistan in 2050 and actionable solutions to navigate today’s challenges A must-watch for anyone looking to understand Pakistan’s path forward in these dynamic times. 𝐂𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐡𝐞𝐫𝐞: https://lnkd.in/gTrVNAUA Pakistan Textile Council , Interloop Limited , Interloop Europe, ILNA Inc., Interloop Holdings Private Limited, Government of Pakistan, Ministry of Planning Development and Special Initiatives, Ministry of IT and Telecom Pakistan, Ministry of Commerce, Government of Pakistan #OctansDigital #InterloopHoldings #Webinar #Leadership #Economy #TextileIndustry #Sustainability #Pakistan2050 To watch more: https://lnkd.in/gTrVNAUA

⚡⚡Single month RMG export hits historic high⚡⚡ 🛳️ Responding to the improving global economy and a resurgence in exports, 🇧🇩 Bangladesh 🇧🇩 exported the most clothing in a single month in January. 👕 In fact, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), January 2024 will go down in history as the month with the biggest export turnover. 📈 According to figures from the Export Promotion Bureau (EPB) compiled by the BGMEA, the nation shipped $4.97 billion worth of clothing in January, representing a 12.45% year-over-year gain. 📆 Following a dismal October–December quarter in 2023, there has been an upward shift in the export growth curve. #SkylarkSoftLimited #SLS #Skylark #DailyStar #Garments #BGMEA #News #Achievement #Production #Export