Bangladesh, July 23 -- Bangladesh's ready-made garment industry has reached another significant milestone by overtaking China in the US apparel market for the first time in decades.Bangladesh Business Analysis
Yet the latest US Fashion Industry Association (USFIA) Benchmarking Study offers a timely reminder that success in today's global sourcing landscape is no longer measured by cost alone.
Although Bangladesh remains among the world's most-utilised sourcing destinations, its utilisation rate has fallen from 88.2 per cent to 78.9 per cent.
The report rightly cautions against interpreting this as a decline in competitiveness. Instead, it reflects a fundamental shift in global sourcing strategies driven by geopolitical uncertainty, prote...