Bangladesh Sourcing: Pros and Cons By http://www.dragonsourcing.com/
Introduction Bangladesh sourcing can be very profitable for you if you know how to do it properly. Bangladesh sourcing has many advantages. On the other hand, Bangladesh sourcing also has various difficulties or disadvantages. If you know how to make all cons turned into your advantages, then everything will be very smooth for you. So in this PPT, we will be discussing about various advantages of Bangladesh and also many difficulties that you should know about. Let us first discuss about advantages.
Cheap Farming Materials The landscape of Bangladesh is very farming friendly. Bangladesh is rich in farming products. You can get very affordable, but good quality agricultural products like jute, silk etc. Farming products can be very hard to access in some countries. However, if your business is dependent on agricultural products, then you can surely depend on Bangladesh. Bangladesh government is also very supportive towards exporting farming products.
Skilled Man Power
In USA the average salary / hour for each person is minimum 7 USD. In Bangladesh minimum salary is less than 1 USD. You can get very affordable and huge man power. Also the demographic in Bangladesh is favorable towards quality man power. Almost 60% of the population is less than 25 years old. That makes Bangladesh a huge pool of energetic man power. Also people in Bangladesh are educated in an average. They are also very tech savvy. That’s why teaching new technology in Bangladesh is very easy.
Fishery Products
As Bangladesh has a long coast line, the fishery industry in Bangladesh is always flourishing. Bangladesh is blessed with many rivers. That’s why Bangladesh is one of the main hubs for exporting fishery products. Hilsa is the most primary fish that Bangladesh exports to other countries.
Disadvantages Language -
Although many people know English, still the quality of English school is much lower than other Indian sub continent countries. You should always get help from sourcing agencies to communicate with people in Bangladesh. Although they are eager to learn about English, it is not quite feasible to teach English for work.
Political Condition Right now Bangladesh is politically stable country. However, we have noticed many times the political condition in Bangladesh gets upside down. The political condition in Bangladesh is now being stabled by neighboring countries. However, the tension between India and Pakistan, sometimes affects on Bangladesh which may affect on production.
Electrical Power
Probably the most primary disadvantages of Bangladesh is the power problem in this country. The Bangladesh Government is always active to solve the problem. However, almost every day production factories gets affected by lower supply of electrical power. Although India and Japan is investing in Bangladesh for power stations, we are not really sure when the situation will be actually solved.
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