American retailers lowering prices paid to Bangladeshi manufacturers, claims Pennsylvania State University study

Mark Anner, an Associate Professor at the Pennsylvania State University, conducted the study and claimed that the US based retailers have progressively been lowering the prices they pay for Bangladeshi apparel items. While at the same time, the prices of apparels from China and Vietnam have increased. Mark claims that trousers, the most popular export item from Bangladesh to the US, saw its prices decline 40.89 per cent between 2000 and 2014. He compared the import prices of items from top 20 of the US’s sourcing nations like China, Vietnam, Bangladesh, Mexico and India between 1989 and 2014. Anner also suggested three options information sharing and awareness, government’s initiatives to break up the unfair competition, and coordination among weaker actors (suppliers’ coordination) to address the power imbalance in the supply chain.