FACTORY COLLAPSE SET TO SPAWN CONSOLIDATION IN BANGLADESH KNITWEAR INDUSTRY
May 1st, 2013
THE RECENT industrial accidents that have marred the reputation of Bangladesh’s knitwear outsourcing industry have increased the pressure on the small firms in the sector to merge so they can improve investment in equipment and premises.Last year’s Tazreen Fashions fire and the factory collapse in April have prompted questions in the global knitwear sector about its “race to the bottom” low cost gambit, unleashing public outrage and calls for improved factory conditions and better safety regulations. But this will cost money. “Consolidation is ...
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