HOW BANGLADESH KNITWEAR COMPANIES ASSESS WHETHER TO INVEST IN HIGH-TECH DIGITAL MANUFACTURING EQUIPMENT AND SOFTWARE
September 30th, 2022
The benefits to knitwear manufacturers of investing in sophisticated machinery and software may be undeniable, but when an industry can call on a large pool of cheap human labour, companies need to see clear financial benefits from acquiring such tech.
This dilemma is particularly stark in south Asia textile and clothing outsourcing centres, where labour can be particularly low cost.
Pakistan is a case in point. Its knitwear industry in Pakistan is often urged by its government and sector associations to spend more on technology and innovation to enhance ...
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