Globally we are passing a very hard time which was not observed in our life time ever. More or less every industry is suffering. Textile industry is the main earning source of Bangladesh economy and large portion of our population is directly involved in this industry. Textile Focus editor M A Islam Riyadh talked different businessman, stakeholders regarding their observation and planning during the pandemic situation. Key discussion points are mentioned individually-
We have to make strong our sourcing hub and proper supply chain
Joy Saha, Managing Director, Sumcon Biotechnology Ltd.
COVID-19 has given us some lessons for our personal, social and business life. We have to think deeply about our regular activities. Health and safety is the major concern of our life. Our industry is largely effected by the pandemic as there less orders and some factories are closed. We have to maintain our business smartly in the coming days. We must strong our sourcing hub as there will be more competitive market and we have to receive the orders negotiating a lot with the buyers. The market is open and more competitive, we have to handle the orders with proper costing and approaching value added products. Appropriate supply chain channel can be as asset for reducing the costing. If we think traditional way, we will lose our business. Post COVID-19 will be very hard time for the industry as there will be less order and low price also more competition. I believe, this situation will be changed for the time being. We have to continue our business till the good time!
Nationally we are largely depended on Textile Industry. For this we are to focus on how we can handle is pandemic situation and focus on future. I believe, maintain string sourcing hub with appropriate supply chain can be a solution in this pandemic situation.