A recent report by PwC Bangladesh highlights the need for readymade garment (RMG) manufacturers in Bangladesh to align their product offerings with global sourcing trends and transition towards value-added products. The report, titled 'What's next for the RMG sector in Bangladesh?', emphasizes the importance of customized strategies to penetrate existing markets, enter new markets, and diversify product ranges.
It further emphasizes the significance of industrial infrastructure, logistics, and efficient operations to reduce costs, ensure environmental sustainability, and mitigate business risks. The report also stresses the need for continuous skill development, adoption of new technologies, and a focus on circular economy practices and sustainability in product design. Additionally, it calls for improvements in power supply, transportation, custom clearance processes, and textile manufacturing capacity to drive industry growth.