Practices of Corporate Social Responsibility in the Readymade Garment Industry during COVID-19: A Study on Bangladesh Garment Industry

Abstract

The Ready-Made Garment (RMG) industry has performed the concentrated fundamental role for the economic development of Bangladesh. To obtain the finale result, this exertions-in complexity industry wishes to experience after COVID0-19 for sustainable practices with the adoption of Corporate Social Responsibility (CSR) in its Garment production chain. CSR, being a fast-developing phenomenon in industrial arena, is drawing the concern of world-renowned clothing customers working with Bangladesh. To flatten the coronavirus spread curve, the authorities declared kingdom-huge vacations up to twenty-five April 2020 and enterprise and industrial activities have come to a grinding halt except emergency offerings. Many global customers are cancelling or postponing showed procurement orders as their shops are substantially closed in Europe, North America, Asia and some other place. According to Bangladesh Garment Manufacturers and Exporters Association (BGMEA), worldwide buyers have both cancelled or suspended $3.16 billion really worth of shipments related to 1,142 factories affecting 2.26 million people as of 18 April 2020.7 Millions of workers stare at joblessness as new orders dried up given the disintegrate in international call for apparels. This scenario is being changed after COVID-19 considering that a vast variety of Bangladeshi garment manufacturers have followed CSR practices spending a huge sum of money. This study will find out the current reputation of sustainable financial enchantment through the implementation of CSR practices inside the RMG enterprise after COVID -19 of Bangladesh.

Keywords: Corporate Social Responsibility, Ready-Made Garments, COVID-19

DOI: 10.7176/EJBM/14-5-07

Publication date:March 31^st 2022