The management consulting firm McKinsey & Company, in its latest survey, has maintained that despite stiff competition in the recent years, Bangladesh’s lure as a garment sourcing destination has remained potent.
This was underlined in recent media reports, which claimed that McKinsey & Company has conducted its flagship Chief Procurement Officers (CPO) survey titled “What’s next for Bangladesh’s garment industry, after a decade of growth?” even as the firm came up with the survey on Bangladesh after 10 years as it first published such a report in 2011, which had painted a rosy picture then and, in fact, all the predictions made by it in the 2011 report have, reportedly, come true over the last decade.
Underlining that pandemic pressure and shifts in global markets have brought stiff challenges recently, the survey report maintained that the garment industry in Bangladesh, over the last decade, has experienced an unprecedented blooming even as the 2019 CPO survey pointed to Bangladesh as the top global sourcing hotspot, with Vietnam close behind and the preferred sourcing country amongst the US executives.
Bharat Tex Special Report 2026 
