Apparel Online Bangladesh Magazine May Issue 2019 | Page 19

LEAD STORY Bangladesh in the aftermath of Rana Plaza are coming back… Overall, we are going for a multi- pronged approach to tackle the existing contingencies. consensus on this soon. However, we have decided to allocate budget towards brand building and also decided to hire a renowned agency to steer the PR exercise. AOB: The industry’s image makeover has become critical lately… What’s the game plan? AOB: As per your reading of things, what is the biggest challenge for Bangladesh garment industry at present? Miran Ali: We are planning a long- term and sustained approach involving all relevant stakeholders to change the perception of Bangladesh apparel sector. If media is going to play a leading role to help strengthen our position in markets of UK, Germany and North America, we would be working closely with various groups and entities that have helped businesses establish and flourish in the West. Miran Ali: I would say the changing global retail landscape. The days of volume business is now giving way to smaller runs, value-added items and shorter lead times. Even though certain amount of volume business is still there but it is not sustainable considering the profit margins. Now having created our factories and production processes, keeping volumes in mind, there is an urgent need to bring in the change and flexibility so that we don’t lose out on the smaller orders. AOB: How would Rubana Huq help in this end… What would be her role? Miran Ali: The very fact that she’s highly educated, articulate and with years of hands-on knowledge of the industry is a big positive in itself! Her leadership would help BGMEA reach out to the stakeholders and those who matter in a much better and effective manner. She has what it takes to spread our message far and wide to help mould a positive image of brand Bangladesh. AOB: With more than four- decade of manufacturing history, the industry has so much to showcase… What would be your pick in this brand building exercise? Miran Ali: Even though we have decided on the roadmap, we are currently brainstorming on what we want to sell to the world, will it be workplace safety & workers’ welfare, manufacturing practices & efficiency, sustainability… We are hopeful of reaching a At personal level, I am also facing this challenge. So what I have done is split up four long production lines in my factory to around 12 smaller lines to capture those smaller orders. The industry as a whole needs to become efficient at that while trying to cut on the lead times. Fast fashion demands sharper lead time and to be in this game, we have to reposition ourselves accordingly. Even though a deep port would come up by 2022 which would help in improving the lead time but till then we would have to look at other avenues… One aspect that we are looking at is trying to work out joint venture opportunities with India and China in secondary processing. Bangladesh is over 60% self- sufficient in denim fabrics as well as over 90% in knit fabrics, but what we are still lagging is in synthetic in which the global apparel business is growing compared to cotton. Both China and India by virtue of their strength in synthetics can be of much help to us. FA C T S The days of volume business is now giving way to smaller runs, value-added items and shorter lead times. Even though certain amount of volume business is still there but it is not sustainable considering the profit margins. Now having created our factories and production processes keeping volumes in mind, there is an urgent need to bring in the change and flexibility so that we don’t lose out on the smaller orders. AOB: In terms of products anything new that Bangladesh can start doing to beat the price blues? Miran Ali: I think we should concentrate more on value-added offerings… Currently, other countries are mostly bagging such orders but if we can sink our teeth there, business opportunities are immense. I have started two new factories for outerwear and activewear lately. One more aspect that we have to concentrate on is how to get the business that is shifting from China, which is now moving up the value chain into other sectors. AOB: In terms of competitors, who do you think is inching closer to Bangladesh? Miran Ali: Vietnam for sure… In immediate future, Vietnam is going to catch up with us value-wise in exports. Apart from Vietnam, I don’t see any challenge. Cambodia is going down; as of India is concerned, there’s no substantial growth; Pakistan on the other hand is more into men’s denims and home textiles; and Sri Lanka is not in this competition any more. AOB: What about Ethiopia and Myanmar? Miran Ali: As far as Ethiopia is concerned, I would give it 6-7 years to show up in the manufacturing map prominently let alone becoming a competitor; and as far Myanmar is concerned, its business with domestic markets of China, Korea and Japan is good but otherwise it is yet to make any dent in the global arena. And now with chances of Myanmar losing the GSP benefit, business is not going to be very prosperous for them. And add to it their primitive banking and customs, which is doing no good to the apparel exporting sector. www.apparelresources.com | MAY 2019 | Apparel Online Bangladesh 19