apparel industry sri lanka - strategical solutions
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Strategical Solutions for Apparel Industry Sri LankaTRANSCRIPT
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APPAREL INDUSTRY SRI LANKA
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Supper Balcony TeamIHRA/UoC/2013
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Advanced Communication for Businesses
Institute of Human Resource AdvancementUniversity of Colombo
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Group Assignment PGDSM 01
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Lecturer :
Mr. Madawa Waidyarathne
Visiting Lecture
Institute of Human Resource Advancement
University of Colombo.
Co-ordinator : Ms. K. P. Mathotaarachchi
Senior Lecture
Institute of Human Resource Advancement
University of Colombo.
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Super Balcony Team
Mr. Thushara Dabare IHRA /MSc/SM(E)/01/10
Mr. Dileka Gunawardena IHRA /MSc/SM(E)/01/42
Ms. Sarasi Katulanda IHRA/MSc/SMgt(E)/01/45
Mr. Pathum Vaas
Ms. Subodanie Abeywickrama
Mr. Ravi Kumudesh IHRA/MSc/SMgt(E)/01/46
Mr. Vajith Ranavithanthri IHRA /MSc/SM(E)/01/23
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Apparel Industry in Sri LankaHistory
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Before 80s
Independence
Tea, Coconut & Rubber
Becoming a Republic
Self sufficiency motive
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Late 70s and Early 80s
Open Economy
Rapid Changes
Insurgencies
Investments Slow Down
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Late 80s
Insurgency – again!
Industries in Trouble
Lack of Investments
Slow Growth
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Early 90s
Change of Leadership
Focus on Development
200 Factory Program
Sri Lanka becoming a Garment Country?
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Caught up in Y2K!
Truce & Short term Boom!
Tsunami!
Change of Leadership
End of Quota!
New Millennium
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Apparel Industry in Sri LankaProspects and Challengers
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Factors Moving Towards the Growth
Human Resources Skilled Labor Motivation Abundant labor force
InfrastructureGovernment policies
Custom procedures International agreements
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Factors Moving Backwards the Growth
Increased Production Cost High Lead Time Emerging Market
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Export of Apparel 2007 - 2012
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Rivals in Apparel Industry
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Foreign RivalsIndiaChinaBangladeshVietnam
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Contribution to GDP
Gradual deduction of GDP
contribution Reflection of GDP
Less domestic value added as 65% of material inputs are imported.
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Potential Competitors
China Low production cost with quality and speed High backward and forward linkages Establishes as global supplier
Bangladesh / Vietnam / Turkey Low labor cost Low utility cost
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Apparel Industry in Sri LankaSolutions
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Opportunities
1. High industry attractiveness2. Effective Multi Fiber agreements3. Emerging economies of Eastern countries4. Strategic location and connectivity
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Threats
1. Cheap labor in competitive countries2. European Economic recession3. New entrants within supplier/distributors’
countries4. Rapid development in retail industry5. Removal of GSP
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Strengths
1. Reputation in industry
2. Compliance with international labor laws
3. Supportive government policies
4. Educated, adaptable workforce
5. Fast developing infrastructure
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1. Increasing labor cost2. Lack of geographical diversification3. Absence of prominent local brands4. Higher utility cost5. Social perception6. Labor turnover and absenteeism
Weaknesses
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