Threats of RMG Sector in Bangladesh and Possible Way Outs

Abstract

Today's market is extremely competitive. Businesses must make sure that they are always improving. Businesses that manufacture clothing are under increasing pressure to boost output, cut costs, and enhance quality while working with constrained resources. The study analyses previous research on the subject and projects future developments in both the domestic and global apparel markets. The purpose of this paper is to find out the contemporary threats and possible way outs of RMG sector of Bangladesh. The research we have shown that the threats faced by this industry Non-Compliance Working Environment, Energy Crisis, Political Instability, Women workforce declining in RMG sector, absence of local Raw-material, lack of research of using technology, eco fashion and absence of adaptation with the latest technology, lack of market oriented design that indicate product diversification, lack of prompt banking services, political and labor unrest &market diversification. As well as the possible way outs in the context of Bangladesh. The RMG sector must focus more on latest technology and research in order to decrease response times and minimize errors. product diversification for search the new market and improve customer satisfaction to increase the volume of export quantity.

Keywords

• Threats
• RMG Sector
• Markets diversification
• Non-Compliance
• Political Instability
• Way Outs
• technology base research

How to cite

Md. Ahshan Habib, Mohammad Abdul Hamid, Umme Salma (2024). Threats of RMG Sector in Bangladesh and Possible Way Outs. Sonargaon University Journal, 4(I & II), 39–51.

@article{habib20245,
  title   = {Threats of RMG Sector in Bangladesh and Possible Way Outs},
  author  = {Md. Ahshan Habib and Mohammad Abdul Hamid and Umme Salma},
  journal = {Sonargaon University Journal},
  volume  = {4},
  number  = {I & II},
  pages   = {39--51},
  year    = {2024},
  issn    = {2518-3125},
  url     = {https://su.edu.bd/journal/volume-4/threats-of-rmg-sector-in-bangladesh-and-possible-way-outs}
}