Upload
ravi-kumudesh
View
3.210
Download
4
Embed Size (px)
DESCRIPTION
Strategical Solutions for Apparel Industry Sri Lanka
Citation preview
APPAREL INDUSTRY SRI LANKA
1
Supper Balcony TeamIHRA/UoC/2013
Advanced Communication for Businesses
Institute of Human Resource AdvancementUniversity of Colombo
2
Group Assignment PGDSM 01
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.
3
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
4
5
Apparel Industry in Sri LankaHistory
6
Before 80s
Independence
Tea, Coconut & Rubber
Becoming a Republic
Self sufficiency motive
7
Late 70s and Early 80s
Open Economy
Rapid Changes
Insurgencies
Investments Slow Down
8
Late 80s
Insurgency – again!
Industries in Trouble
Lack of Investments
Slow Growth
9
Early 90s
Change of Leadership
Focus on Development
200 Factory Program
Sri Lanka becoming a Garment Country?
10
Caught up in Y2K!
Truce & Short term Boom!
Tsunami!
Change of Leadership
End of Quota!
New Millennium
11
Apparel Industry in Sri LankaProspects and Challengers
12
Factors Moving Towards the Growth
Human Resources Skilled Labor Motivation Abundant labor force
InfrastructureGovernment policies
Custom procedures International agreements
Factors Moving Backwards the Growth
Increased Production Cost High Lead Time Emerging Market
13
14
Export of Apparel 2007 - 2012
Rivals in Apparel Industry
15
Foreign RivalsIndiaChinaBangladeshVietnam
Contribution to GDP
Gradual deduction of GDP
contribution Reflection of GDP
Less domestic value added as 65% of material inputs are imported.
16
17
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
18
Apparel Industry in Sri LankaSolutions
19
Opportunities
1. High industry attractiveness2. Effective Multi Fiber agreements3. Emerging economies of Eastern countries4. Strategic location and connectivity
20
Threats
1. Cheap labor in competitive countries2. European Economic recession3. New entrants within supplier/distributors’
countries4. Rapid development in retail industry5. Removal of GSP
21
Strengths
1. Reputation in industry
2. Compliance with international labor laws
3. Supportive government policies
4. Educated, adaptable workforce
5. Fast developing infrastructure
22
1. Increasing labor cost2. Lack of geographical diversification3. Absence of prominent local brands4. Higher utility cost5. Social perception6. Labor turnover and absenteeism
Weaknesses
23
24