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Measuring the sustainability of the knitwear sector of B angladesh: Sustainability Vulnerability Index
Author(s) -
Reza Alavy Kifait,
Islam Md. Shahidul
Publication year - 2019
Publication title -
business strategy and development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.488
H-Index - 7
ISSN - 2572-3170
DOI - 10.1002/bsd2.38
Subject(s) - sustainability , vulnerability (computing) , index (typography) , sustainable development , business , environmental sustainability index , environmental resource management , political science , economics , ecology , computer science , computer security , world wide web , law , biology
Abstract The knitwear industry of Bangladesh has been going through a major shift as plethora of challenges has been thrown towards it since the Rana Plaza incident. This study identifies the current scenario of the sector and the challenges that accompany the sustainability of the sector with regard to sustainable development. An indicator titled “Sustainability Vulnerability Index (SVI)” has been established using indexing method and is scaled from 0 ( least vulnerable ) to 0.8 ( most vulnerable ). The results show that the most vulnerable indicator is for environment (0.632) followed by economic aspect (0.423) and the least vulnerable is the social aspect (0.138), and these all culminate the SVI as 0.402. This study seeks to highlight opportunities for the academic community, governmental bodies, and policy makers to contribute to the development of a sustainable knitwear sector in the global economy.