Business & Productivity
Why does Business & Productivity matter for garment factories in Asia?
As the world's leading hub for clothing manufacturing, Asia's garment industry faces fierce competition and ever-evolving consumer demands. To thrive in this context, businesses must optimize their operations, streamline production processes, and adopt innovative technologies. The importance of efficiency and productivity cannot be overstated, as they enable companies to reduce costs, meet strict deadlines, and maintain quality, whilst simultaneously boosting social and environmental sustainability.
Explore this section for the latest updates, insight, events, and training on Business & Productivity. And connect with industry experts dedicated to enhancing efficiency and bolstering competitiveness through sustainability.
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Why mainstreaming green finance is key to real industry sustainability
Green sustainability metrics are evolving quickly, with financial institutions increasingly adopting them. Innovation in green financing is key to ensure a fair and just transition, says Rakesh Vazirani, Head of Sustainability Services at TÜV Rheinland Group.
“This widespread breakdown across the industry has illuminated how fragile the system really was”
Industry experts agree that the COVID-19 pandemic will continue to shape garment production in Asia far into 2021 and beyond. But how will the pandemic affect garment production systems and practices? And manufacturers and workers? Here are the perspectives of industry stakeholders.
Want to know what the Factory Improvement Toolset (FIT) is all about?
Learn more about the FIT and what added value it has for manufacturers in particular. It's just a click away!
Learnings and Tools
Actions to improve Business & Productivity outcomes hold great potential for industry-wide sustainability in Asia. Explore available learnings and tools and find out how they can help you in your day-to-day work.
Latest News on Business & Productivity
MoreBangladesh's government to review current minimum wage
While Bangladesh is still navigating through a dynamic period of substantial changes, the interim government has agreed to review the current minimum wage to support industries and address rising costs of living. The announcement of the decision was followed by a meeting with government advisors. Soon, tripartite consultation involving the government, factory owners, and labor unions will be held.
Read MoreViet Nam is embracing sustainability and innovation for global competitiveness
The garment industry in Binh Dinh (Viet Name) is actively embracing a green transformation to meet global market demands for eco-friendly production. With 152 companies employing around 35,000 workers, the sector has invested in modern machinery and innovative technologies to enhance productivity and reduce environmental impact. Despite challenges such as high input costs and reliance on import materials, Viet Nam is focusing on improving its competitiveness through shifting towards sustainable production and a diversified product range.
Read MoreReport highlights the impact a potential Tiktok ban could have on retailers
"First Insight" released a first report on how banning the app TikTok could influence retail behavior. The report reveals that 68% of retailers would expect their sales to be at risk If Tiktok was to be banned. However, only 28% have contingency plans. Currently, TikTok significantly drives product discovery and sales, with many retailers facing inventory issues dues to viral TikTok trends.
Read MoreIndustry Events on Business & Productivity
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