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COVID-19 disruptions allow Bangladesh to reinforce industry position: Experts


Disruption caused by the coronavirus pandemic enables Bangladesh to reinforce its position as a leading apparel exporter, said experts at a virtual discussion organized by HSBC, Bangladesh Garments Manufacturers and Exporters Association (BGMEA) and Serai, a new technology subsidiary of HSBC on September 09.

Experts says Bangladeshi manufacturers can innovate new ways of production in order to expand their business and adapt to market shifts. Attended by garment makers and exporters, HSBC customers, regulators, international buyers and officials took part, the discussion focused on Bangladesh's apparel industry, global apparel demand landscape and technological penetration under the current context. It brought together industry leaders from across the apparel ecosystem to discuss how demand is changing, why Bangladesh is such a unique destination and how the industry can thrive in this new environment. The program began with short speeches and a discussion between Mahbub ur Rahman, CEO and Managing Director, HSBC; Rubana Huq, President, BGMEA and Vivek Ramachandran, CEO, Serai.

It also included presentations by Kanaiya Parekh, expert partner in retail, performance improvement, customer strategy & marketing and results delivery practices at Bain and Company, and Ramachandran