Merchandising Activities of Ripon Knitwear Limited

Abstract

Bangladesh's merchandising industry contributes significantly to the nation's economy and is responsible for a sizeable amount of its export revenue. The industry's main activities are the manufacture and export of textiles and apparel, with Canada, the United States, and the European Union among its major export destinations. According to BGMEA statistics, ready-made garment shipments from Bangladesh increased significantly from $30 billion to over $42 billion in value in 2021, making it the second-largest exporter of clothes after China. With almost 4 million people working in garment factories all throughout Bangladesh, the sector employs a sizeable share of the labour force. Nevertheless, the business has recently come under fire for its subpar working conditions, low pay, and breaches of labour laws. Considering the aforementioned challenges, Bangladesh's retail merchandise industry remains a key engine of the nation's economic expansion and development. The introduction of a minimum wage for garment workers and the creation of a labour inspection system to check companies for compliance with labour regulations are only two of the actions the government has done to enhance working conditions and labour rights. Bangladesh has a fantastic potential to make money abroad through the apparel industry. It is a wonderful chance to learn more about Bangladesh's garment industry's merchandising activities. It will be beneficial for me, as an MBA student to learn about the merchandising industry. Upon completion of the report, you will have a better understanding of the manufacturing process and a better understanding of the current state of the garment industry.