Keep up with changing global scenario: BGMEA chief
The country’s apparel sector has to live up to the challenges of changing global scenario in order to sustain its growth, a garment sector leader has said. “Buyers want diversity in products and regulatory and environmental compliance. They are monitoring us and if we fail to keep up we cannot sustain our growth,” said Shafiul Islam Mohiuddin, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Mohiuddin said the apparel sector players have to fulfil the latest business requirements such as environmental and ecological compliance, health and safety of labourers and congenial working condition in factories.
He was speaking as chief guest in an international convention on “Sustainability solutions for textile and apparel industry” organised by Intertek Consumer Goods Bangladesh (ICGB) and BGMEA in Hotel Sonargaon on Tuesday.
David Horlock, vice president (global inspection and auditing) of Intertek Global, Faruk Hasan and Siddiqur Rahman, vice presidents of BGMEA, Dilip Gianchandani, regional director of Intertek Global, and Karthik ND, general manager of ICGB, were also present.
Mohiuddin mentioned McKinsey and Co, a consultant for global businesses, in its recent case predicted that Bangladesh’s apparel exports will double by 2015 and nearly triple in 10 years.
“The forecasts are all positive but we have to successfully tackle many challenges such as
power and gas crisis, poor infrastructure and manpower shortage to realise the predictions,” he said.
The BGMEA president said Bangladesh’s apparel and textile sector is slowly adapting to the changing business environment but more compliance and green initiatives are necessary.
David Horlock in his presentation “Business sustainability: winning buyer’s confidence” described the iSupplier Intelligence (ISI) programme, a solution to global sourcing and supplier management, that enables buyers and factories to do business more efficiently.
The new service facilitates smart sourcing with iSupplier Intelligence (ISI), an online supplier community that provides global buyers of consumer goods with access to all suppliers’ inspection and auditing certificates, regardless of which laboratory conducted the relevant verification.
“This level of supply chain transparency is imperative when doing business on a global level in order to monitor and ensure product quality and safety, security and social compliance of factory partners all over the world,” Horlock said.
Using ISI, importers can get a single, clear view of their supplier partners, resulting in a complete and up-to-date understanding of their business investments, he added.
The solution allows buyers to benchmark selected suppliers using the parameters they value. The verified, structured and living supplier profiles provide complete and up-to-date information by incorporating supplier input as well as independent third-party verification, Intertek officials said.
Mohiuddin asked all BGMEA members to adopt ISI solution in a bid to build a greater market presence.
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