Sourcing garment from low labour cost countries – post significantly higher risk

Businesses with supply chains and operations in Myanmar, Bangladesh and Cambodia are benefiting from the world’s lowest labour costs – but may also be exposed to the highest risks, a new global ranking suggests. While there’s no doubt the cost competitiveness of these labour markets is extremely attractive, it may be offset by the risks posed […]

Low Labor Cost Ranks Burma among Top Countries for Investment

Burma has been named one of the five best countries in the world for cheap labor, making it much more attractive for manufacturing investment than neighbors China and Thailand. “Businesses with supply chains and operations in [Burma], Bangladesh and Cambodia are benefiting from the world’s lowest labor costs,” a study by analysts Verisk Maplecroft said. […]

Gap Report Outlines Issues With Sourcing in Myanmar

As the first American retailer to resume sourcing in Myanmar since U.S.-levied sanctions were eased following the country’s military rule, Gap Inc. elected to publish a report evaluating its supply chain risks to paint a picture of local conditions and aid in development of responsible sourcing practices for the Southeast Asian nation. In a voluntary […]

Legal reforms significant, but work remains

Strenghtened laws and regulations and continued government reform made Myanmar the world’s most improved country for doing business in, UK-based global risk analytics firm Maplecroft found in a report released on January 8. Myanmar last year made progress in tackling corruption, weak rule of law, respect for property rights and controls on corporate governance, the […]