News Snapshot:
Bangladesh’s price competitiveness would continue to attract more US apparel companies to source from the country in next two years, according to a latest study. The ‘2021 Fashion Industry Benchmarking Study’ termed the local industry’s much concentration on basic items as ‘competitive disadvantage’. It observed that diversifying the product structure and improving production flexibility and agility would be critical for the country to play a more significant role as an apparel sourcing base for US fashion companies in the post-COVID world. It also revealed that the US companies’ plan to work with fewer vendors in Bangladesh is expected to intensify...
