Experts said the ongoing pandemic disrupted the supply chain management of the RMG industry till June 2020
Experts have said that the Covid-19 pandemic and lockdowns across the world disrupted the supply chain management of the ready-made garments (RMG) industry – and impacted the banking and NGO sectors – till June 2020.
However, the situation has now been changing, gradually, for the last few months and more aggressive ventures accompanied by digitalisation processes, the use of fintech and artificial intelligence are helping businesses overcome the situation, they said at a webinar.
The Dhaka School of Economics run by the University of Dhaka organised the webinar on Tuesday evening.
Asset and liability management should be cautiously done and borrowers must repay their loans taken from banks or non-governmental organisations (NGOs) in due time. Further, files should be cleared to set the economy in the right direction, the experts said at the discussion.
Two research papers were presented by the third batch postgraduate enterprise development students of the Dhaka School of Economics. The experts praised their presentations.
Md Shafiul Azam, managing director and chief executive officer of Modhumoti Bank Ltd, attended the programme as its chief guest.
Presided over by Professor Dr Muhammad Mahboob Ali, entrepreneurial economists and macro and financial economists of the Dhaka School of Economics participated in the programme.
Dr Yashoda Krishna Durge, associate professor at GNVS Institute of Management, India, was a special guest at the programme.
Muhammad Mahboob Ali argued that the pandemic situation greatly affected all sectors, not only in Bangladesh but all over the world.
He highlighted appropriate technological use in the RMG sector – as well as the banking and NGO sectors – and said employment should be prioritised.
Dr Yashoda Krishna Durge said that fintech should work with technological progress in the banking sector, the informal sector supply chain management needs improvement and default culture should be ended through proper logistic arrangements.
Md Shafiul Azam said that bankers are trying to boost the RMG sector and the dependence on the ICT sector has been increasing gradually.
Among others, Prof Dr Subrata Chattopadhyay of the University of Engineering and Management, India; as well as Rehana Pravin and Sara Tasneem, assistant professors of the Dhaka School of Economics, spoke at the webinar.