RMG Industries' Competitiveness Major Factors in Respect to TTF Framework Participants From GROUP - 02 Dolan Bhowmik Shaiket Dey Nafish Sams Sourav Roll : 12727 Mail: dolan112610@gmail.com Roll : 12111 Mail : shaiket123@gmail.com Roll : 12732 Mail : nafishsamssourav@gmail.com Syfur Rahman Emteaz Uddin Hossain Ahamed Roll : 10697 Mail : shuvo3419@gmail.com Rajan Kabir Roll : 12543 Mail : rajankabir@gmail.com Md.Monjurul Huq Roll : 12048 Mail : jesan.bharul@gmail.com Roll : 12164 Mail : emteazsovon@gmail.com Al Fahad Hossain Roll : 12622 Mail : alfahadhossain1993@gmail.com Mahabbat Hossain Roll : 12103 Mail : mhr014@gmail.com Roll : 12282 Mail : hossainahamed22@gmail.com The Triple Triangle Framework: TTF uses three triangles, each summarizing the factors that affect business competitiveness at different levels. These levels are: 1. Enterprise domain. 2. Industry domain 3. Facilitation domain ENTERPRISE 3Cs “Enterprise domain issues arise from within the organization/enterprise” Capability: The ready-made garment (RMG) sector is a prominent contributor to GDP growth, employment generation, and foreign currency inflow in Bangladesh. Bangladesh has achieved the prestigious second place among the biggest textile exporters countries. Strength: 1. Have Highly Experienced Professionals 2. Over 40 years of Experienced. Threat: 1. Not Adhere with world fashion Trends. 2. Depends on other countries in terms of Fabrics & Accessories. Source: ITC Trade map, TTS Analysis Capital: In FY22, the RMG sector contributed 9.25 percent to GDP. Bangladesh's overall RMG export earnings stood at USD 42613.15 million, which was 35.47 percent higher than that of the previous fiscal year. Strength: 1. Have available water resource which help effectively on fabric dyeing process. 2. Have Able to create “Made in Bangladesh” as brand in the world. Threat: 1. Water Level is going down need to concern in future, and need to taken steps for water consumption reduction. Culture: RMG sector is one of the important sectors which has so many contributions in the social, technological & environmental development of Bangladesh Strength: 1. Women Empowerment. 2. Organizational Structure. 3. Charity Activities Threat: 1. Child Labor. 2. Harassment. 3. Corruption. INDUSTRY 3Cs “Industry domain issues arise from the core of the market system, immediately outside the firm-domain. It involves key market and non-market actors” Competitor: In FY22, the RMG sector contributed 9.25 percent to GDP. Bangladesh's overall RMG export earnings stood at USD 42613.15 million, which was 35.47 percent higher than that of the previous fiscal year. Strength: 1. Long term Experience 2. Strong Performance in Price 3. Strong Capacity Threat: 1. Increasing Labor Cost 2. Consumer Price Sensitivity Collaborator: In terms of exports, the RMG sector contributes around 83 percent of all export earnings for Bangladesh. The country needs to recoup the benefit of efficient implementation of Supply Chain Management (SCM) in order to achieve lower lead time, lower cost and higher quality. Cheap labor is no more giving required business for the RMG. Strength: 1. 72 percent of the sourcing activity directly by brands. 2. Creating new industries to repurpose the wastage of the industry. Threat: 1. Volatility of Raw Material Prices 2. Squeezing Profitability of Forward Collaborators 3. China Government Holiday. Customer: The RMG industry has made a very significant contribution to Bangladesh's national economy by generating foreign exchange earnings and creating employment opportunities that reduce poverty. Various reports have emphasized the potential for future growth of the sector based on higher volumes, more sophisticated products and the provision of added value services. Strength: 1. High potential to increase market share 2. Low Labor Cost. 3. Create positive image for the investment in sustainable approach Threat: 1. Withdrawal of GSP Benefits. 2. Global Crisis. 3. Squeezing Profitability Collaborators. of Forward MACRO 3Cs “Extra-Market’/Macro Facilitation Domain issues arise from the wider environment that is a part of the overarching business ecosystem ” Country Context: Strength: 1. Last 10 years Political Stability 2. Open Many new textile college to expand creative and learned Graduates on Textile Engineering 3. Start many courses like PGD to create effective man power. 4. Open Many new EPZ Threat: 1. Inflation Rate Increasing. 2. $ Price increasing. 3. Price hiking in every sector. 4. Global Crisis. Creative Context: There is no doubt that automation can increase the efficiency of production, reduce the number of defects, and reduce the overall cost of manufacturing. The global demand for quality garments, low cost of production, and competitive advantage can be achieved by the adoption of automation. Strength: 1. Make Process Easier. (3D sampling, AutoCAD, Auto cutter etc.) 2. Higher Efficiency. Threat: 1. Huge Investment. 2. Unemployed Labor. (60 per cent around 5.38 million) Source – Govt. a2i Project with ILO. Cross-Border Context: Moreover, it accounts for over 75 percent of the country's total export earnings, provides employment almost 5 million people, accounts for over 10 percent of the country's GDP, and contributes around 40% of its manufacturing output. Strength: 1. Diversified companies and foreign investment. 2. Economic Growth. Threat: 1. Unequal economic growth. 2. Global Supply Chain Management is hampered seriously. THANK YOU…