Business Model Resilience in Bangladesh’s RMG Sector: A Case Study on Policy, Practice, and Innovation

Bangladesh has been an important part of the Ready-Made Garment industry since 1978. The ready-made Garment (RMG) industry in Bangladesh has emerged as a cornerstone of the nation's economy, contributing significantly to employment, exports, and industrial growth. This thesis embarks on a comprehensive exploration of the intricate landscape of Bangladesh's RMG sector, elucidating the array of opportunities and challenges it encounters in the global trade arena. Through a meticulous examination of market trends, trade policies, and economic dynamics, this research delineates the evolving opportunities within the global garment market, highlighting avenues for Bangladesh to enhance its competitiveness and expand its market share. Furthermore, the thesis delves into the challenges besetting the RMG sector, including labor rights issues, environmental sustainability concerns, and supply chain vulnerabilities, among others. Drawing upon empirical evidence, case studies, and theoretical frameworks, this study provides a nuanced understanding of the factors shaping Bangladesh's RMG industry. It endeavors to offer actionable insights for policymakers, industry practitioners, and academia, aiming to inform strategic decision-making and foster sustainable development in Bangladesh's RMG sector. By navigating the intricate interplay of opportunities and challenges, this research aspires to contribute to the resilience and prosperity of Bangladesh's garment trade in the global arena. However, the report mentions many problems that could stop the country from growing, like not enough skilled workers, bad roads and buildings, running out of energy, banks charging too much interest, taxes being too high, rules being too hard to follow, people protesting against the government, not enough different things to buy and sell, pressure to follow rules from other countries, and not working well with others.