Bangladesh’s $39B Garment Industry Faces Next Test: Moving Beyond Low Cost-Manufacturing [Forbes]
lululemon athletica inc. (LULU)
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Source: Forbes
Today, Bangladesh is the world's second-largest garment exporter, with exports climbing from $31 million in 1983 to $39 billion by 2025. That 1,000× increase was powered by abundant, low-cost labor and expertise in producing cotton-rich knitted garments and woven shirts and trousers. But Bangladesh's garment industry is now reaching the limits of a low-cost manufacturing model and must move into more sophisticated, value-added production, according to World Bank analysis . The country knocks on the door of graduation from ‘ least developed country ' status, meaning it will lose some duty-free trade benefits; and rising wages already mean countries like Ethiopia and Cambodia can offer lower cost production. Can Bangladesh transcend its cornerstone ‘basic, low price cotton garments' reputation? Is its manufacturing infrastructure evolving, and are brands' sourcing strategies in Bangladesh changing with it? Why Bangladesh's Garment Industry Must Move Beyond Low Cost Four years ago,
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LULU
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- 3/17/26 - Beat
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- 4/22/26 - Form DEFA14A
- 4/22/26 - Form DEFA14A
- LULU's page on the SEC website