Bangladesh's e-commerce revolution: How online sales are transforming the ready-made garment industry
Table of Contents Introduction The growth of e-commerce in Bangladesh The impact on the ready-made garment industry Challenges and opportunities Conclusion Introduction Bangladesh is known for its booming ready-made garment (RMG) industry, which accounts for around 80% of the country's total exports. However, in recent years, the country has also seen a rapid growth in e-commerce, with online sales projected to reach $1 billion by 2023. This article will explore how the rise of e-commerce in Bangladesh is transforming the RMG industry and the challenges and opportunities that come with it. The growth of e-commerce in Bangladesh The e-commerce market in Bangladesh has been growing at an astonishing rate, with a compound annual growth rate (CAGR) of more than 60% over the past few years. This can be attributed to several factors, including an increasing number of internet users, a growing middle class, and the ease of access to online shopping platforms. In addition, the government ...