Garment stock lot buyers suppliers in bangladesh
It has been found that buyers from Thailand, Saudi Arabia, Singapore, Malaysia, Africa, Europe, Canada, Japan Australia and Middle East are buying most of the stock lots from Bangladesh. The survey was conducted by interviewing 50 stock lots suppliers with a set of questionnaire. Most of them have been visited physically.
However this sector is creating huge business opportunities for educated young generation. But there is lacking of research and financial help from public or private institutions to the businessmen. Demands of branded surplus or stock lot garments are increasing day by day in the domestic area and in the international market. There are many reasons behind the surplus or stock lots business expansion. The main reason for what many entrepreneurs doing this business of stock or surplus garments is the price and production lead-time.
However there are some other reasons like piece rejection that means there are lots of garments rejected for physical and appearance problem like hole on the body, oil sport, foreign yarn, broken stitches, shading problem etc , final inspection failure, shipment cancel, master copy, duplication, stock of development samples, stock of correction samples , original samples provided by buyer.
In addition, many businessmen produce stock lots deliberately for selling. Meanwhile good number people have engaged themselves in this business. Most of the cases the export oriented factories are not selling the stock lots to the final end customers. They are usually selling them to some third parties. As the sector is not streamlined yet risk is high. As factories main business is export and they want to sell the stocks at once they sell them to third parties.
The third party businessmen buy them and they resell to many customers after doing sorting out according to quality, brand, style etc. However interesting finding of the survey is that there are have been good number of small factories or RMG workshops who are producing the copy goods of the different brands master samples and they are selling them saying stock lot.
Especially the educated young entrepreneurs are involved in this type of business because unemployment rate in Bangladesh is expected to be 4. In the long-term, the Bangladesh Unemployment Rate is projected to trend around 4. Another reason to encourage the young people to forward this business is minimum investment and possibility of good profit.
As average selling price for stock lots is lower than fresh order price, per shipment, the buyer is getting more benefit then suppliers.
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And for these sells the exporters enjoying cash incentives given by the buyers. However if it is considered that they would buy the same volume of goods from Bangladesh even though were no stock lot that would mean higher fresh order for garment exporters.
The shipment delay, cancellation of orders, extra-burden of airfreight, price discounts, and losses due to vandalism are the common problem of the RMG sector. Sometimes this types of lose can demolished the company forever. The factory owner of Eagle Eyes Mr. These types of short and big quantity products fulfill the domestic demand also.
There are number of stock lots shops available here in the capital city, including other major cities. It could not be found how many such companies are there in total in Bangladesh.
But approximately thousands of people are involved here. It has been found that the main customers of the branded surplus garments are mainly from the countries mentioned above, that means Bangladeshi made garments are being sold to those countries in significant numbers.
But most of those stock lot shipments may not be reflected rightly in the export basket. Quality inspection is an important issue in RMG sector. Quality inspector ensures the right quality of a garment export order, whether this order is ready for shipping or not.
Quality inspection of garments or fabrics can be done by maintaining four systems. They only maintain the physical inspection like measurements, in-side and out-side inspection of a garments.
It may pose bad image of Bangladesh RMG in the international markets. This types of low quality products sold with the labels of top brands poses risk for them in the international market.
It has been found that some of the sellers of stock lot are basically not always selling RMG left outs. They sometimes produce garments and putting top brands labels unauthorized.
BANGLADESH garments stock lot Company Directory - Exporters, Importers, Buyers, Sellers, Suppliers, Distributors, Wholesalers and Manufacturers - Page 1
And these goods are being sold and exported as stock lot in some way. The factory or the stock lot sellers are not getting cash incentive for such sales even though those products could be eligible for getting that. Under the cash incentive scheme, the exporters are receiving 3 to 5 percent cash incentive for exporting to the different destinations. One of the commercial manager of Green Life Knittex Ltd Mr.
A proper database and registration system could be developed for Stock lots business. An association for stock lot businessmen could be formed for better organization and management of the business. Any unauthorized use or reproduction of Textile Today content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action. Wednesday, June 21, About Us Authors Guideline Privacy Policy Contact eMagazine Career Subscription Advertisement Training.
An overview of RMG of surplus stock lot business January 23, Copyright Notice Any unauthorized use or reproduction of Textile Today content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action. China is building tech intensive textile industry, leaving low value business.
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