Nishan Gunatilake’s Post

Vietnam’s garment industry surged in October 2024, with an impressive 18.1% year-over-year growth and a 10.3% rise from January to October. This rapid expansion highlights Vietnam's resilience in a competitive global market, driven by robust demand, increased foreign orders and its strong production capacity. Yet, Bangladesh remains a formidable rival with its low labour costs and efficient supply chain. As the race for apparel market dominance intensifies, Vietnam’s ability to innovate and tackle rising costs will determine its edge. Will Vietnam sustain its momentum or face stiff competition? To read more, click here👉🏻 https://lnkd.in/gpa9pTCw #ApparelResources #VietnamGarmentGrowth #GlobalApparelRace #TextileIndustryBoom #VietnamVsBangladesh #SustainableFashionForward #ApparelInnovation #ManufacturingMilestone #TextileTitans #EconomicBoost2024 #TradeAndTextiles #CompetitiveEdge #ProductionPowerhouse #FashionEconomy #EmergingMarkets #GlobalDemandSurge #TextileResilience #SupplyChainSolutions #ClothingIndustryClash #VietnamOnTheRise #BangladeshChallenges #FutureOfApparel #InnovationInTextiles #ManufacturingMomentum #EconomicTextiles #TradeAndGrowth

🌍 Why Bangladesh is a Leading Choice for Global Buyers 🌍 Bangladesh has become a powerhouse in global apparel manufacturing, and it’s easy to see why. With a combination of cost-effective production, a highly skilled workforce, and large-scale manufacturing capacity, Bangladesh is the go-to destination for global buyers. Here’s what sets it apart: ✨ Affordable Labor Costs: Competitive pricing without compromising quality. ✨ Skilled and Experienced Workforce: A young and proficient labor force skilled in handling diverse designs. ✨ High Production Capacity & Infrastructure: Efficient production volumes supported by modernized facilities. ✨ Favorable Trade Policies: Duty-free access to key markets like the EU keeps costs down. ✨ Sustainability and Compliance: Emphasis on safe, ethical, and sustainable production standards. As the world’s second-largest apparel exporter, Bangladesh continues to innovate and lead in quality and responsibility, making it a preferred choice for buyers worldwide. 🌱👔 #ApparelManufacturing #GlobalTrade #Bangladesh #SustainableFashion #TextileIndustry #GlobalSupplyChain #FashionManufacturing #CostEffective #highlight #followers

Did you know that Bangladesh produce 8.4% of the world's garments in 2023, making it the second-largest apparel exporter after China? 🇧🇩 While giants like Vietnam and India remain prominent players, Bangladesh is quietly making waves with its competitive edge, ethical practices, and commitment to sustainability. Here's why Bangladesh should be seriously considered for your next ready-made garment (RMG) manufacturing needs: 💰 Cost Effectiveness: Bangladesh boasts competitive production costs, significantly lower than other major players like China or Vietnam. This translates to attractive price points for your brand and wider profit margins. 💯Quality & Capacity: Don't be fooled by the price tag. Bangladesh has invested heavily in quality control and infrastructure. Many factories are certified with international standards, ensuring top-notch production. Plus, the industry boasts massive production capacity, easily scaling to meet your demands. ⚡️ Agility & Responsiveness: The Bangladeshi RMG industry is known for its flexibility and quick turnaround times. This means you can adapt to changing trends and market demands faster, giving you a competitive edge. ♻️ Sustainability Focus: Bangladesh is actively embracing sustainable practices, with many manufacturers implementing eco-friendly initiatives like using recycled materials and reducing energy consumption. This aligns perfectly with today's conscious consumers and brand values. 🛠️ Ethical Labor Practices: The industry is making strides towards ethical labor practices. Initiatives like fair wages, safe working conditions, and worker empowerment are gaining traction, resonating with brands seeking ethical sourcing solutions. 💡 Ready for High-End: While traditionally known for basics, Bangladesh is gradually moving up the value chain, producing more sophisticated garments with intricate designs and details. This opens up new possibilities for brands seeking high-quality, cost-effective production. ✈️ Strategic Location: Bangladesh's proximity to major markets like Europe and the Middle East offers shorter lead times and reduced transportation costs. This can be a game-changer for brands looking to optimize their supply chains. P.S. Share your thoughts on Bangladesh's RMG industry in the comments below! #apparelmanufacturing #bangladesh #rmg #sourcing #sustainability #apparelsourcing #garmentmanufacturing #garmentsupplier #readymade #apparel #apparelindustry #globalsupplychain #madeinbangladesh

Vietnam's textile industry is booming, with exports reaching US $ 36.11 billion in the first 10 months of the year. As the holiday season approaches, garment makers are gearing up for increased demand from key markets like the US and Europe. Vietnam aims to hit a record US $ 44 billion in exports this year. To read more, click here👉🏻 https://lnkd.in/gmR_RMYx #ApparelResources #TextileIndustry #VietnamExports #FashionManufacturing #GlobalMarkets #Vietnam #Exports #GarmentExporters #ApparelExporters

🌍 H&M's Major Contribution to Bangladesh's Garment Sector 👗 Did you know that H&M sources a significant portion of its garments from Bangladesh? The country plays a crucial role in the global supply chain for H&M, contributing to: 📊 25% of H&M's total sourcing volume 🏭 200+ garment factories 💵 $3 billion USD in annual purchase volume This partnership not only strengthens Bangladesh's economy but also emphasizes the importance of sustainable and ethical manufacturing practices. With continued focus on innovation, eco-friendly production, and improved working conditions, Bangladesh remains a vital hub for global fashion. #Sourcing #TextileIndustry #Bangladesh #SustainableFashion #GarmentIndustry #GlobalSupplyChain #HM #Manufacturing #FashionSustainability #Textiles #Export

Vietnam’s textile and garment sector is globally competitive and the country has become a prime base for businesses and investors seeking access to high-value markets like the EU and U.S. According to the Vietnam Textile and Apparel Association (VITAS), as of the end of May 2024, Vietnam’s textile and garment sector had attracted over US$37 billion in foreign direct investment (FDI). This substantial inflow underscores the sector’s potential, particularly as global markets shift towards sustainable development. 📰 An overview of Vietnam’s garment and textile sector: https://ow.ly/uop850SWvGo 🤝 Get professional assistance from our team in Vietnam: https://ow.ly/E1ar50SWvGq 💡 A guide to doing business in Vietnam: https://ow.ly/Q5Kk50SWvGp #DezanShira #VietnamBriefing #Garment #Textile #FDI #GlobaleFashion #Retailers #SustainableDevelopment

Why Bangladesh Apparel is the Best Choice for Global Buyers The garment industry in Bangladesh has solidified its position as a global leader. Here's why the world's top buyers prefer Bangladesh-made apparel: 🧵 Skilled Workforce: Bangladesh boasts a well-trained and efficient workforce, enabling faster production. This gives the country a competitive edge in the global market. 🌍 High-Quality at Lower Costs: Manufacturers in Bangladesh produce high-quality garments at lower costs, distinguishing them from other countries. By focusing on sustainability, they reduce carbon emissions and adopt environmentally friendly practices. 🏗️ Advanced Infrastructure: The country's large-scale production capacity and advanced infrastructure continue to attract international buyers. Top global brands collaborate with Bangladesh, knowing they can secure top-tier products that meet both quality and social compliance standards. This combination of excellence and commitment to workers’ rights is why Bangladesh remains a favorite for global apparel sourcing.

Top 10 Garment Exporters from Bangladesh:(FY 23-24) 1. Youngone Corporation (South Korea) 2. Ha-Meem Group 3. Mondol Group 4. Ananta Group 5. DBL Group 6. Pacific Jeans Group 7. Palmal Group 8. Standard Group 9. Beximco Group 10. Square Group 🔝 Bangladesh's Garment Industry Continues to Shine! Despite global challenges, Bangladesh's top garment exporters have shown remarkable resilience. Leading the pack is South Korea's Youngone Corporation, followed closely by the Ha-Meem Group. Even with a slight dip in exports, these industry giants maintain their top positions, contributing significantly to Bangladesh's economy. Notably, Ananta Group made an impressive leap into the top 10 for the first time, nearly doubling its exports. In FY 2023-24, these top 10 companies collectively exported garments worth approximately $4.59 billion, reflecting the industry's strength. The success stories of these firms underscore the adaptability and innovation within Bangladesh's textile sector, which continues to be a global leader in quality apparel manufacturing. 🌐source: Prothom Alo #GarmentIndustry #Bangladesh #ExportSuccess #TextileLeadership #InnovationInTextiles

Why Bangladesh Apparel is the Best Choice for Global Buyers The garment industry in Bangladesh has solidified its position as a global leader. Here's why the world's top buyers prefer Bangladesh-made apparel: 🧵 Skilled Workforce: Bangladesh boasts a well-trained and efficient workforce, enabling faster production. This gives the country a competitive edge in the global market. 🌍 High-Quality at Lower Costs: Manufacturers in Bangladesh produce high-quality garments at lower costs, distinguishing them from other countries. By focusing on sustainability, they reduce carbon emissions and adopt environmentally friendly practices. 🏗️ Advanced Infrastructure: The country's large-scale production capacity and advanced infrastructure continue to attract international buyers. Top global brands collaborate with Bangladesh, knowing they can secure top-tier products that meet both quality and social compliance standards. This combination of excellence and commitment to workers’ rights is why Bangladesh remains a favorite for global apparel sourcing.

While Bangladesh holds the second position in global garment exports, it trails significantly behind China. In 2023, Bangladesh's export value reached $47.39 billion (EPB), compared to China's $165 billion (WTO). To bridge this gap, Bangladesh can focus on several strategic areas: 1. **Product Diversification**:   - **High-End and Technical Textiles**: Invest in research and development to produce luxury items and garments with specialized functionalities, such as sportswear and smart clothing.   - **Sustainable Fashion**: Develop eco-friendly products to align with the growing global demand for sustainable textiles. 2. **Technological Investment**:   - Embrace automation and advanced manufacturing technologies to enhance efficiency and reduce production costs. Collaborating with technology firms can facilitate this transition. 3. **Supply Chain Optimization**:   - Strengthen local sourcing of raw materials to minimize dependency on imports. This may involve establishing partnerships with domestic suppliers and investing in local textile production capabilities. 4. **Enhanced Government Support**:   - Advocate for increased government incentives focused on innovation and infrastructure development. Expanding initiatives like the “Green Factory” program can attract further investment. 5. **Skills Development**:   - Implement comprehensive training programs to upskill the workforce, particularly in advanced manufacturing techniques and quality control processes. By addressing these critical areas, Bangladesh can enhance its garment export sector and work towards closing the significant gap with China. This strategic focus not only strengthens our industry but also positions Bangladesh as a key player in the global market. #GarmentIndustry #SustainableFashion #Bangladesh #GlobalTrade #Innovation #Leadership