© Khunaspix Dreamstime.

Despite the scale of recent disasters in its garment manufacturing facilities, Bangladesh is now the joint second-largest tailor in the world – a position it shares with Italy, itself described by consultant McKinsey as being of “declining importance”. The apparel industry earns Bangladesh $20bn a year, giving it a market share of just under 5%, which is predicted to rise to $36bn by 2020, which might seem small compared with China’s earnings of $150bn last year, but every foreign clothing retailer interviewed by McKinsey reported they were looking to reduce their exposure to China.

Comment on this article

You must be logged in to post a comment.
  • Shekh Mohammad Zilani

    October 10, 2013 at 8:17 am

    Good day!
    Thanks for sharing the report.

    I was wondering how to get the full report of Mckinsey. Can you please share your thoughts on this?


    • Gavin van Marle

      October 10, 2013 at 7:50 pm

      I would suspect you would have to ask McKinsey, and be prepared to pay $$$. The normal marketing tactic is to release an executive summary to journalists with some choice quotes, findings and figures, which provides a basis for us to research a larger story; but not give enough away that no one will need to buy the report itself. I’ve had a look at their website and the most recent report on the apparel sourcing industry is from a few years back.

      Kind regards,