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Art and Design Commons

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Fiber, Textile, and Weaving Arts

Iowa State University

2016

Sourcing

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Full-Text Articles in Art and Design

Matching Sourcing Destination With Fashion Brands’ Business Model: Comparative Advantages Of Bangladesh And Vietnam Apparel Industries, Bertha Jacobs, Leslie H. Simpson, Sara O. Nelson, Elena E. Karpova Dec 2016

Matching Sourcing Destination With Fashion Brands’ Business Model: Comparative Advantages Of Bangladesh And Vietnam Apparel Industries, Bertha Jacobs, Leslie H. Simpson, Sara O. Nelson, Elena E. Karpova

Apparel, Events and Hospitality Management Publications

This study investigated the comparative advantages of the Bangladeshi and Vietnamese apparel industries using Global Value Chain (GVC) framework. In this study, the GVC framework was expanded to include social and environmental sustainability issues. Secondary data, for the 2012 - 2013 period, were collected and analyzed for each component of the apparel GVC. The findings indicated that while both countries have unique comparative advantages, Vietnam clearly emerged as a leader on many GVC components. Bangladesh’s comparative advantage lies in lower wages, producing high volume orders, and lean manufacturing. In spite of Vietnam’s higher labor costs, it has comparative advantages ...