Circular Economy: RMG Industry

Running head: CIRCULAR ECONOMY: RMG INDUSTRY
Circular Economy: RMG Industry
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CIRCULAR ECONOMY: RMG INDUSTRY1
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Industry background....................................................................................................................2
Circular Economy........................................................................................................................4
Effective Resourcing Practices....................................................................................................5
Conclusion.......................................................................................................................................7
REFERENCES................................................................................................................................8

CIRCULAR ECONOMY: RMG INDUSTRY2
Introduction
The Ready-Made Garments industry is heavily endorsed. High demand in the industry is
resulting in high profitability. The constant demand for new garments has resulted in the creation
of garments in abundance. It can be opined that the rise in demand in the ready-made garments
or RMG industry has been as a result of the increase in the population of the world as a whole.
As a result of the high demand witnessed in the industry, the industry is deemed to be highly
attractive. The latter, coupled with the fact that the industry has showcased favourable nature of
outcomes, determine the increasing urge of investment in the particular industry. However, it
must be identified that due to the high demand and productivity of the industry, a high amount of
resources are being used in the industry. Furthermore, it has been found that there is a high
degree of wastage in the industry that is disrupting the quality of the environment. As a result of
the harmful outcomes that the environment is subject to, there are various NGOs that have been
formed to reduce the negative implications suffered by nature (Rodríguez et al., 2016). The
circular economy concepts are being rigorously adopted by companies in the industry, and the
latter is also backed up by renowned organisations. The paper will critically evaluate the scope of
operations of Nike Inc. and ADITYA BIRLA GROUP in terms of narrowing down, slowing and
closing the loop in abiding by the concepts of circular economy in accordance with the RMG
industry.
Discussion
Industry background
It is impossible to imagine a world without the Ready-Made Garments industry. Such has
been the dependence that the human race has been able to develop with the said industry. As a