By Ibrahim Hossain Ovi, Rajib Bhowmick
According to a June-2014 forecast by the United States Fashion Industry Association (USFIA), one of the most respected voices of the US fashion industry, apparel retailing companies are not leaving Bangladesh and are committed to compliance there and elsewhere.
Despite the recent tragedies like those in Rana Plaza and Tazreen, Bangladesh was still regarded as a popular sourcing destination with growth potential.
A vast majority of nearly 77% of the respondents of what USFIA called its “Benchmarking Study” have been sourcing from Bangladesh. More than half of the respondents say they expect to “somewhat increase” sourcing from Bangladesh in the next two years, and 5% expect to “strongly increase” sourcing. Another 15% expect no change in their current scale of sourcing in Bangladesh.