10.11648.j.ijefm.20200804.13

[Virtual Presenter] In this publication Tarikul Islam Abu Sayed Rafi Golam Kibria and Md. Nazif Hasan Chowdhury explore the strengths weaknesses opportunities and threats of the Bangladeshi Apparel Industries in the context of the global market. By analyzing the data and trends of the industry they present a comprehensive scenario of its current and future situations. This work is an important contribution to the industry that demonstrates the potential of Bangladeshi Apparel Industries and provides useful insights for future investments..

[Audio] This publication discusses the Swot Analysis of the Bangladeshi Apparel Industries in comparison to the Global Market and provides a detailed overview. Five authors including Tarikul Islam Abu Sayed Rafi Golam Kibria and Md. Nazif Hasan Chowdhury are part of the project. Through Swot analysis the Strength Weakness Opportunities and Threats of the Apparel Industries of each country can be identified. To analyze the differences between the countries data and information for this study were collected from reliable sources such as statistics. By looking more closely the current state of the Bangladeshi Apparel Industries can be understood and a framework for improvement and growth in this expanding industry can be established..

[Audio] The Bangladeshi and Indian apparel industries both have various strengths that give them a competitive edge in the global market. The Bangladeshi industry benefits from lower labor costs access to infrastructure such as railways sea river and air route pre-export financing organizations for guidance and duty-free access to some of the largest markets in the world such as the EU and USA. Compared to the dollar or euro their currency is also thinner. On the other hand the Indian apparel sector has a high production capacity a large pool of efficient and inexpensive workforce and a strong export capacity. Thus a Swot analysis is pertinent to further examine these industries' capacity for growth..

[Audio] Bangladesh's apparel industry has been facing some issues lately including oversupply and rising labor costs in the country as well as an increase in global protectionism. Although these setbacks are present the Bangladeshi apparel industry also has its own unique advantages such as anonymity of its brands skilled workforce good transportation effective lead time management welcoming foreign investment laws and availability of production resources. Conversely the Vietnamese apparel industry enjoys the benefit of low labor costs but also has certain weaknesses such as expensive quick changes limited production of varied models poor coverage of foreign markets high energy costs and costly raw materials. Despite the drawbacks there are opportunities for the two countries to take advantage of like exporting products adding value improving quality and standard and improving productivity. It is evident that if the suitable factors related to these two industries are taken into consideration the Bangladeshi apparel industry can combine the strengths from both countries and be more competitive in the international apparel market..

[Audio] Bangladesh's apparel industry shows both advantages and disadvantages in light of the impacts of the global market. Chinese expansion stands as a potential catalyst for the progression of domestic companies as consumers place an increased emphasis on quality. With China's significant port capacity delivery times could be reduced. Despite this luxury brands remain in competition with one another making counterfeiting a potential risk. Vietnam presents multiple possibilities for the industry such as the introduction of new designs entry into new markets and technological advancements. However certain issues such as electricity and transportation costs and minimum wages remain present..

[Audio] Bangladesh has maintained a competitive standing in the global apparel industry despite its relatively low ratings. Research suggests that Bangladesh has held the 26th position consistently with ratings of 3.66 and 3.61. In contrast India has slipped in the rankings from 34th to 44th during 2016-2018 with a rating decrease from 3.42 to 3.18. Meanwhile Vietnam has seen an increase in ranking from 63rd to 39th over the same period along with a rating increase from 2.98 to 3.27. Bangladesh has the lowest rating of 2.66-2.58 out of 5 while China continues to have the highest rating. China's clothing export has also decreased from 161 billion dollar to 158 billion during 2016-2018. Vietnam's exports have grown from 25 billion to 32 billion in this time frame compared to India's stagnant performance. These results show that Bangladesh needs to improve its current standing and strategies to remain competitive in the global market..

[Audio] This publication looks at the Swot Analysis of Bangladesh's Apparel Industries compared to the Global Market. It includes five authors Tarikul Islam Abu Sayed Rafi Golam Kibria and Md. Nazif Hasan Chowdhury and provides an overview of the situation. The data suggests that Bangladesh should focus on creating new markets for their products and make effective use of the textile sector with government help to create more job opportunities. Bangladesh currently has very low workforce participation in the industries with figures of 20.5% 20.4% and 20.8% in 2016 2017 and 2018 respectively. This indicates potential for increased production and employment in Bangladesh..

[Audio] This paper examines the Swot Analysis of the Bangladeshi Apparel Industries in comparison to the Global Market and offers a comprehensive forecast. The textile sector is a potential source of women empowerment in Bangladesh and any possible rights violations particularly with respect to women should be carefully monitored and addressed. According to World Bank data Bangladesh's female employment rate has increased gradually from 17.3% in 2016 to 17.6% in 2019 whilst Vietnam has seen a more marked elevation from 20.8% in 2016 to 23.2% at the end of 2019. This shows there is potential for Bangladesh to expand female employment opportunities in the apparel industry. In terms of port facilities Bangladesh currently stands at 64th in the global rankings significantly behind Vietnam (25th) and India (28th). For Bangladesh to improve its prospects in the global clothing market better port facilities are essential..

[Audio] This study examines the Swot Analysis of Bangladeshi Apparel Industries compared to the Global Market. It was conducted by five authors Tarikul Islam Abu Sayed Rafi Golam Kibria and Md. Nazif Hasan Chowdhury among others. The study provides various figures and statistics regarding the current situation such as the number of ports in top 100 and the contribution of the R-M-G sector to the G-D-P of Bangladesh. It is observed that the contribution of the R-M-G sector to G-D-P of Bangladesh has decreased over the years whereas in countries such as India and China the rate has remained stable. Additionally the study offers an overview of the wages and salary in Bangladesh and emphasizes the importance of further developing transportation infrastructure for better lead time management in order to maintain competitiveness in the global market..

[Audio] The authors of this publication have examined the Swot Analysis of the Bangladeshi Apparel Industries in comparison to the Global Market and presented a Comprehensive Scenario. They discovered that the nation has developed remarkable development in exports over the preceding decade despite the variety of difficulties posed. Nonetheless there are now new dangers due to the rapid growth of other countries such as China India and Vietnam. Consequently it is vital for Bangladesh to come up with unique tactics in order to remain competitive in the worldwide market..

[Audio] This publication provides an in-depth look into the Swot analysis of the Bangladeshi apparel industry versus the global market. Five authors Tarikul Islam Abu Sayed Rafi Golam Kibria and Md. Nazif Hasan Chowdhury among others have collaborated to examine the challenges posed by international competitors the impact of Chinese investment and the potential opportunities for growth. Additionally specific issues related to branding pricing and labor and their implications for alleviating poverty are analyzed. All in all this publication offers a comprehensive scenario of the current situation with insightful strategies to help the garment industry upgrade and transform for the future..