External Environmental Factors Affecting Sustainability of RMG Industry in Bangladesh

Running head: INTERNATIONAL BUSINESS
International Business
Name of the Student
Name of the University
Author Notes:

INTERNATIONAL BUSINESS1
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
RMG Industry..............................................................................................................................2
PESTEL Analysis........................................................................................................................3
Expected trends............................................................................................................................4
Conclusion.......................................................................................................................................5
REFERENCES................................................................................................................................6

INTERNATIONAL BUSINESS2
Introduction
The global business environment is deemed to be changing at rapid rates. There needs to
be extensive importance that must be invested in the same. Furthermore, it can be said that there
has been importance that has been invested in the emerging markets such as India, Bangladesh,
China and others. The aim of the paper is to identify the external environmental factors that
affect decision regarding sustainability of companies operating in the RMG or Ready Made
Garments industry in Bangladesh (Hasan & Mahmud, 2017). Furthermore, the paper swill also
highlight the trends in the supply chain in the forthcoming years.
Discussion
RMG Industry
The Ready Made Garments or the RMG sector of a country can be deemed to be one of
the most important sectors that exist in a country. The industry has been recognized as one of the
prime industries that help in satiating the needs that are associated to development of the
economy of counties as a whole (Safeer et al., 2019). In emerging counties such as Bangladesh,
the RMG industry has been recognized as one of the prime generators of revenue. The industry
not only help the industry in satiation of the needs that are associated to the development of
employment opportunities in the industry. The generation of employment is likely to help in
boosting up the needs of the economy. Furthermore, there are sustainable nations that have been
carried out in the industry and an honorable highlight is the inclusion of women in the industry.
This is likely to help the country tackle the problems that are associated to lack of income and
standard of living of the people of the country.