Source: Just Style
Summary
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) are urging the government to take immediate action to support the country’s apparel sector. The industry is facing intense competition from regional rivals, leading to a decline in exports and market share. The trade groups are seeking government assistance to help the sector regain its competitive edge.
Our Reading
The trend returns with a new name. Bangladesh’s apparel sector, once a dominant force in global garment manufacturing, is now struggling to keep up with regional competitors. The BGMEA and BKMEA are sounding the alarm, warning of a decline in exports and market share. The industry’s woes are not new, but the current downturn has sparked renewed calls for government intervention. As the sector faces increased competition, it’s clear that the “Made in Bangladesh” label is no longer enough to guarantee success.
Author: Evan Null
