M&S plans to purchase more high end garments from Bangladesh. Currently the retailer buys garments worth over £1 billion from Bangladesh each year – making it the largest sourcing destination for apparel items for M&S. The company wants to buy more garment items from Bangladesh because of commitments of suppliers and diversification of products. M&S is no longer interested in basic garments.
M&S’ sourcing from Bangladesh has grown 30 per cent year-on-year in the past three years. It has started purchasing diversified garment products from Bangladesh. It helps the factories with technologies, expertise, modern design and banking products so that the factory owners can survive in the business. It also helps its model factories increase their productivity. M&S works with 12 green factories in Bangladesh. Today Bangladesh is no longer just a source of basic garment items. It is also a major source for value-added products like formal dresses, men’s suits, formal blazers.
There is a big change in the garment sector of Bangladesh. Now owners are more proactive about protecting the production environment, where previously they were not. Bangladeshi garment units are now exemplars of factory safety after owners began correcting structural flaws with the help of Accord, Alliance and the government.