By SWOT (Strength,
Weakness, Opportunity & Threat) we can analyze the Problems & Prospects
of RGM industry.
Strength:
>>Bangladesh
offers cheapest labour among RMG producing countries.
>>It has a Compact, Organized & Favorable
infra-structure.
>>It has lots of Pre-export Financing institutions for
assistance.
>>Management appears to be very dynamic & capable
of improved performance.
>>There are various associations like BGMEA, BKMEA,
BEPZA etc. to build the strong collaboration with various related
organizations.
Weakness:
>>Limitations for some modern machinery in some
specific sectors.
>>Lack in establishing large companies to attract
buyers directly.
>>Lack of high skilled labour.
>>Limitation of technical know-how.
>>Limitation in Producing Raw Materials.
>>Political unrest situation, which making buyers step
back in some cases.
>>Improper use of Ports & not so smooth &
strong Transportations.
>>Problem in Power & Gas supply.
>>Improper attention of Governments policy makers.
Opportunities:
>>Good reputation of product quality in outside world
will increase more option of export.
>>Strong rise of knitting sector.
>>Very good quality yarn is now producing.
>>More options of new employments.
>>Great pricing capability.
>>Attracting new buyers by establishing new buying
houses.
>>Encouraging new joint venture projects.
>>Change in Governments attitude towards RMG sector.
Threats:
>>Rise of competitiveness in export market for India , China , Cambodia etc.
>>Political unrest situation of the country.
>>Rise of price of raw materials.
>>Environmental pollutions are threat for survival.
>>Labour unrest in RMG factories.
>>Capability to hold the market for long term future.
SWOT Analysis of Three
RMG Industry:
To give concept
about recent status of RMG industries in Bangladesh , outcomes of Focus Group
Discussion (FGD) from SWOT analysis of three RMG industries is mentioned
below.
The industries which
took part in analysis process:
1. Micro Fiber Ltd.
Kutubpur,
Fatullah,
Narayanganj.
2. Badhon Garments.
BISIC Shelponogory,
Fatullah,
Narayanganj.
3. Be-con Knit Wear Ltd.
Kutubpur,
Fatullah,
Narayanganj.
Outcomes
of Focus Group Discussion (FGD) from SWOT analysis of these three RMG
industries:
Strength:
>>Getting enough orders of RMG products for a long
time.
>>Good reputations on keeping commitments.
>>Strong marketing & management department.
>>Structural & Financial infrastructure.
>>Good co-operative relation with BGMEA, BKMEA, BEPZA
etc which helping all the time in development.
Weakness:
>>Limitation in own backward linkages.
>>Limitation in Producing Raw Materials.
>>Political unrest situation, which making buyers step
back in some cases.
>>Improper use of Ports & not so smooth &
strong Transportations with Narayanganj.
>>Problem in Power & Gas supply.
Opportunities:
>>Great pricing capability.
>>Strong rise of knitting sector.
>>More options of new employments.
>>Good reputation of product quality in outside world
will increase more option of export.
Threats:
>>Labour unrest in RMG factories.
>>Political unrest situation of the country.
>>Rise of competitiveness in export market for India , China , Cambodia etc.
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