The Procurement Of Clothing Will Expand In Bangladesh & Amp; M

Helena Helmersson, head of Hennes&Mauritz, H&M, the world's second largest clothing retailer in Sweden, said the company is expanding the number of clothing purchases from Bangladesh.

This H&M The official said they had informed the Bangladesh government, other stakeholders and garment manufacturers about the company's plans to expand procurement from Bangladesh.

She added that, however, when they were planning to increase their purchases in Bangladesh, Bangladesh was experiencing labor unrest, which limits the planned production of suppliers, because strikes and protests often hamper production and lead to delays in production.

A stable market will prove to be a great benefit to companies, suppliers and workers, she said.

H&M intends to use its influence to put pressure on suppliers in Bangladesh, improve working conditions and promote the establishment of a Democratic Labor Committee, which can negotiate with factory workers on wages and working conditions.

The company also plans to launch pilot projects in this regard this year and next year.

Bangladesh has become a reliable supplier for the world's leading retailers. Garments and garments Purchasing destination.

A recent study by McKinsey, a leading us research firm, shows that Bangladesh's clothing exports are expected to grow by nearly 2 times by 2015 and 3 times in the next 10 years. This is because China's capacity constraints and rising labor costs are eroding China's profits, and the main buyers are shifting from China to Bangladesh.

H&M has more than 2500 retail outlets and 94000 employees in 44 markets around the world. H&M is the leading buyer of Bangladesh clothing.

At present, about 25% of H&M's product resources come from Bangladesh, and the company intends to increase this proportion in the future.