Executive Briefings

Try This On - Apparel Makers See Bangladesh as Next Hot Spot for Sourcing

In 2010, China dominated European and U.S. markets for ready-made garments, accounting for about 40 percent of the import volume in each region. A recent McKinsey survey, however, found that 86 percent of the chief purchasing officers in leading apparel companies in Europe and the United States planned to decrease levels of sourcing in China over the next five years because of declining profit margins and capacity constraints.

Although Western buyers are evaluating a considerable number of sourcing options in the Far East and Southeast Asia, many chief purchasing officers said in the survey that they view Bangladesh as the next hot spot. Indeed, a study of the country's ready-made-garment industry identified solid apparel-sourcing opportunities there - but also some hurdles.

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Although Western buyers are evaluating a considerable number of sourcing options in the Far East and Southeast Asia, many chief purchasing officers said in the survey that they view Bangladesh as the next hot spot. Indeed, a study of the country's ready-made-garment industry identified solid apparel-sourcing opportunities there - but also some hurdles.

Read Full Article