I can provide some insights into how COVID-19 impacted the Ready-Made Garment (RMG) export industry in Vietnam up until that time. Keep in mind that the situation may have evolved since then, so it's important to consult more recent and reliable sources for the latest information.
2. Presented To Presented By
Md.Tanver Rana Sobur
Id:202011056048
MONIKA MEHJABEEN TISHA
Department of Computer science and Engineering
Lecturer ,
DEPARTMENT OF BBA
Bangladesh University
3. READY-MADE GARMENT(RMG)
➤ Mass-produced finished textile products of
the clothing industry.
➤ Bought off of store racks or online, and are
ready to wear
➤ Outer clothing, which includes work wear and
uniforms, leisure wear, and sportswear
➤ Made from many different fabrics and yarns
1
4. HISTORY OF RMG PRODUCTS
➤ Established in New York in 1831
American Civil War
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1860 1890 1951
US were ready-made
Series 1
2
6. READY-MADE GARMENT(RMG)-VIETNAM
➤ Established in 1960s
➤ Foreign Investment and Trade.
➤ Lower Labor cost, Skilled Workforce and
favorable business environment
➤ Garment Manufactures from around the world.
➤ International Brands like Nike, Adidas etc.
➤ Economic Development.
4
10. COVID 19 PANDEMIC IMPACT
.
➤ Disruption of supply chains, a decrease in
demand, and factory closures
➤ Many countries implemented lockdowns
and travel restrictions.
➤ Supply chains, factories faced shortages of raw
materials, leading to delays in production and
shipment
➤ Factories canceled orders, and workers
were laid off, leading to a loss of income for
many garment workers.
8
11. TEXTILES AND GARMENTS FROM 2013 - 2022
0
5
10
15
20
25
30
35
2013 2014 2015 2016 2017 2018 2019 2020 2021
Series 1
Series 1
9
14. SOLUTION
➤ Implement workplace safety measures
➤ Increase communication and transparency
➤ Diversify supply chain operations
➤ Focus on e-commerce
➤ Support workers and communities
➤ Invest in technology
12
15. CONCLUSION
➤ Global apparel industry.
➤ Sharp reduction in demand.
➤ Global Logistics and transportation.
➤ Decline in exports and revenue.
➤ Affected the production capacity of the manufactures company.
➤ Severely impacted the export Of RMG product.
13