RMG in Bangladesh vis-à-vis global supply chain
Recently a resourceful article was published by The Financial Express, featuring research work from ULAB Business Faculty member Muhammad Faisol Chowdhury. It emphasizes the various developments of the RMG sector of Bangladesh, focusing on the pressing issue of worker's safety.
It introduces the topic, stating the importance of worker's safety which, among other factors, has recently been a pivotal point of manufacturer-retailer-consumer relationship. Code-of-Conduct has been formulated by esteemed factories, developed in accordance with international organizations. Thereby these regulations have become leading the sector norms. Non-compliance of these would result in issues with outsourced orders. Although Bangladesh has been functioning with respect to the CoCs outlined by global buyers, the domestic culture sometimes works circumventing these rules, resulting in global supply chains to restrict business with our economy. Maintaining standards of individual brand's CoCs proves difficult at times for local RMGs, some of which are at times uncorrelated with worker's safety and eventual production performance. Adopting new industrialization processes for our country is not a streamlined process, where bargaining for price is a standard, but delays in shipment equals to cut-throat financial losses. Developments in respecting competitive wages are commendable, but they do not come without additional pressure for factories. Moreover, the local governing bodies are found to face serious burdens to improve workplace safety.
The full article provides deeper insights into the issue regarding the condition of workplace safety in the RMG sector of Bangladesh.
Recently a resourceful article was published by The Financial Express, featuring research work from ULAB Business Faculty member Muhammad Faisol Chowdhury. It emphasizes the various developments of the RMG sector of Bangladesh, focusing on the pressing issue of worker's safety.
It introduces the topic, stating the importance of worker's safety which, among other factors, has recently been a pivotal point of manufacturer-retailer-consumer relationship. Code-of-Conduct has been formulated by esteemed factories, developed in accordance with international organizations. Thereby these regulations have become leading the sector norms. Non-compliance of these would result in issues with outsourced orders. Although Bangladesh has been functioning with respect to the CoCs outlined by global buyers, the domestic culture sometimes works circumventing these rules, resulting in global supply chains to restrict business with our economy. Maintaining standards of individual brand's CoCs proves difficult at times for local RMGs, some of which are at times uncorrelated with worker's safety and eventual production performance. Adopting new industrialization processes for our country is not a streamlined process, where bargaining for price is a standard, but delays in shipment equals to cut-throat financial losses. Developments in respecting competitive wages are commendable, but they do not come without additional pressure for factories. Moreover, the local governing bodies are found to face serious burdens to improve workplace safety.
The full article provides deeper insights into the issue regarding the condition of workplace safety in the RMG sector of Bangladesh.
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