“Vietnam’s Industry 4.0: Transforming Garment Manufacturing”
Introduction to Vietnam’s Garment Manufacturing Industry Vietnam’s garment manufacturing sector is a powerhouse driving the nation’s economy, contributing significantly to GDP and employment. In 2023, authorities raised the minimum wage for workers in Ho Chi Minh City to approximately $190 per month, up from $180 in 2022. This places Vietnam as a global leader in textiles […]
Strengthening Bangladesh’s GMT Sector through Capacity Building
Vision 2030 for Bangladesh Gmt Sector $100 billion Considering our world’s reliance on fashion and sartorial expressions, have we ever reflected on the industry that propels it forward? Third-world countries like Bangladesh, known for their inexpensive labor, play a significant role in manufacturing these garments. Let’s dive deep into the intricacies of this industry in […]
The 4th Industrial Revolution: How AI is Transforming Ready-Made Garments Sector of Bangladesh
Introduction Bangladesh’s ready-made garment (RMG) sector has been a cornerstone of its economy, significantly contributing to the GDP’s growth, job creation, and export revenue. With the ongoing advancements in technology, artificial intelligence (AI) is poised to revolutionize various aspects of this industry, from supply chain management to communication and manufacturing efficiency. AI in Production and Supply Chain […]
Backward Linkage in Bangladesh
Introduction Bangladesh’s garment manufacturing industry stands as a true economic powerhouse. It’s the second-largest apparel exporter globally, boasting a staggering $84 billion in exports for 2023 (BTMA, 2024). This remarkable achievement can be attributed to a combination of factors, but one often-overlooked element is the crucial role of backward linkages. Imagine the garment industry as […]
