Responsible consumption: Why we should care
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Wednesday
June 29, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
WEDNESDAY, JUNE 29, 2022
Responsible consumption: Why we should care

Thoughts

Quazi Tafsirul Islam & Md Asif Hossain
30 December, 2021, 09:15 am
Last modified: 30 December, 2021, 11:00 am

Related News

  • The rise of K-culture and changing consumer behaviour in Bangladesh
  • Big internal consumption remains a blessing for Bangladesh
  • UK consumer despair suggests government mishandling inflationary crunch
  • Consumers tighten belts, economic recovery at risk
  • Is the customer always right? No, but…

Responsible consumption: Why we should care

The companies can create positive impacts by responsible production of their goods. And this can be ensured from the very beginning of the supply chain by ethical sourcing of the raw materials and also by ensuring fair wages to the employees

Quazi Tafsirul Islam & Md Asif Hossain
30 December, 2021, 09:15 am
Last modified: 30 December, 2021, 11:00 am
Quazi Tafsirul Islam/Lecturer, North South University and Md Asif Hossain/Lecturer, North South University. Illustration: TBS
Quazi Tafsirul Islam/Lecturer, North South University and Md Asif Hossain/Lecturer, North South University. Illustration: TBS

A consumer nation is the one where a significant portion of its population is driven by materialistic societal norms based on the intention and capacity to consume.

In most cases, the middle-class consumers drive the consumer economy. However, for a wealthy nation, its lower income classes can be designated as consumer class as well.

According to data by World Data Lab's MarketPro, Bangladesh stands at the 27th rank in the world in the long list of consumer nations.

However, the same data predicts that by 2030, Bangladesh is expected to jump 17 positions from the 28th to the 11th biggest consumer nation, with a consumer population of 85 million people and a projected total population of 180 million. 

Even during a global pandemic and resulting economic shrinkage, Bangladesh, on its 50th year of independence has been achieving steady growth. Due to that growth, Bangladesh will achieve the status of a consumer nation. 

Historical data indicates that as nations become more economically stable with more expendable income, consumers spend more on food, clothing, and other consumables and thus also contribute to higher levels of per capita waste generation. 

This, however, is a matter of great concern for us, given that we are one of the smallest and most densely populated countries in the world. 

To put this into a better perspective, each consumer in Dhaka currently generates about 20kgs of plastic waste annually. The numbers will exponentially increase nationally by 2030 with higher consumption levels. These are mostly the plastic and paper used for food and other product packaging. 

It is precisely where the concept of responsible consumption comes into play. Responsible consumption is the 12th pillar of SDG which we also intend to implement together with the rest of the world by the year 2030. 

And thus it can bring some positive changes in society. Firstly, it benefits the local economy as consumption drives the economy upwards. Secondly, it affects society as responsible citizens consume socially sustainable products, meaning the workers work in a safe environment, no child labour or forced labour are used, and the goods are ethically sourced. 

Finally, responsible consumers will ensure the goods s/he is taking, are not harming the environment. They will want to know whether the production, transportation or its disposal reduces the impact on the environment. 

Illustration: TBS
Illustration: TBS

A responsible consumer would want to know whether the mango juice they are purchasing is being ethically sourced, whether the mangoes are purchased in a fair trade agreement, whether the workers producing the juice are working in a safe working environment or not. This puts a lot of pressure on the entire supply chain, especially for a nation like us. Because a sustainable and ethical production may cost more with added price in several stages. 

So for a positive impact, the government has to come up with certain initiatives, through proper planning and policies for both the consumers and producers.

In 2020 a high court in Bangladesh banned single-use plastic in the coastal regions and all hotels across the country.  However, the policy looks unimplemented as consumers have never truly realized the importance of getting rid of single-use plastic. 

Therefore, the second thing the government can do is create awareness among consumers as well as the companies. For example, it takes between 5000-15000 litres of water to produce 1 kilogram of beef, most of which is used in the food production for cow feed. If the consumers realize this, they will be more cautious with food waste. 

The companies can create positive impacts by responsible production of their goods. And this can be ensured from the very beginning of the supply chain by ethical sourcing of the raw materials. 

Ensuring fair wages to farmers, suppliers, and employees can be another area where the companies should focus on. There are certain foundations and governing bodies that have started taking such initiatives. 

For example, Fairtrade Textile Standard and Programme, an initiative taken by Fairtrade International to improve production processes for textile workers globally.  Or Prokritee in Bangladesh, a non-profit handicraft company that practices fair trade and is a member of the World Fair Trade Organization. 

The ultimate decisions are made at the consumer's level. So they need to be aware of the impact their purchase decisions can make on the entire supply chain. Consumers can drive the whole policymaking process by deciding whether or not to buy products from companies that care for the workers and the environment when they produce goods.

Through their responsible consumption, the companies will be forced to change their policies regarding sustainable supply chain and product development. 

However, this responsible consumption comes with an added cost of the overall product. For an organic product, you might pay some extra money. While we are definitely more well informed than the previous generations and are much more susceptible to positive change and responsible consumption. But are we willing to pay the price? 


Quazi Tafsirul Islam is a lecturer of Strategy and Human Resources at the North South University. He can be reached at https://www.linkedin.com/in/quazitafsir/


 

Md Asif Hossain is a lecturer of entrepreneurship and strategy at the North South University. Researcher, Trainer, and Management Consultant. He can be reached at https://www.linkedin.com/in/asifhossain13/

Top News

Responsible / Consumption / Consumer Behaviour / Consumer

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The Group of Seven leaders gather for a lunch at the Schloss Elmau hotel in Elmau, Germany on 27 June 2022. Photo: Reuters
    G7 discussions with China, India on Russian oil price cap positive -source
  • The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas
    Talks with IMF for $4.5b budget support 'positive'
  • Dengue patients taking treatment in a hospital: Photo: TBS
    As fever spreads, doctors recommend rigorous Covid, dengue testing

MOST VIEWED

  • Md. Liakath Ali. Sketch: TBS
    Time to reassess our disaster management capabilities
  • Sketch: TBS
    We are now in a global Cold War
  • Ashikur Rahman Tuhin. Sketch: TBS
    Bangladesh’s apparel industry growth is here to stay
  • David E Adler. Sketch: TBS
    Who managed Covid-19 best, and why?
  • Volodymyr Yermolenko. Sketch: TBS
    From Pushkin to Putin: Russian literature’s imperial ideology
  • Farida Akhter. Sketch: TBS
    Bt Cotton approval. Another alarming threat?

Related News

  • The rise of K-culture and changing consumer behaviour in Bangladesh
  • Big internal consumption remains a blessing for Bangladesh
  • UK consumer despair suggests government mishandling inflationary crunch
  • Consumers tighten belts, economic recovery at risk
  • Is the customer always right? No, but…

Features

Mahathir accused financial titans of seeking to reverse decades of economic development that propelled tens of millions into the middle class. Photo: Bloomberg

George Soros, Mahathir and the legacy of 1997

8h | Panorama
 If Bangladesh produces and exports high-value-added MMF products right now, we can increase our total export by around 25% in value. Photo: Mumit M

Time ripe for Bangladesh RMG sector to focus more on man-made fibres

11h | Panorama
Human Library Bangladesh has organised so far nine sessions; eight have been held in different parts of Dhaka and one in Khulna. Photo: Courtesy

Human Library Bangladesh: Where the halls come alive with human voices

13h | Panorama
Abortion is a part of healthcare. Photo: Bloomberg

Abortion is healthcare and women’s rights are human rights

1d | Panorama

More Videos from TBS

Severodonetsk now under Russian control

Severodonetsk now under Russian control

1h | Videos
South African boy drove ambition, says Elon's father

South African boy drove ambition, says Elon's father

1h | Videos
Why Dollar crisis will last long?

Why Dollar crisis will last long?

1h | Videos
Beautiful mural at Padma bridge

Beautiful mural at Padma bridge

5h | Videos

Most Read

1
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

2
Photo: TBS
Bangladesh

Motorcycles banned on Padma Bridge 

3
Japan cancels financing Matarbari coal project phase 2
Bangladesh

Japan cancels financing Matarbari coal project phase 2

4
Photo: Courtesy
Corporates

Gree AC being used in all parts of Padma Bridge project

5
Photo: TBS
Infrastructure

Gains from Padma Bridge to cross $10b, hope experts

6
Desco wanted to make a bold statement with their new head office building, a physical entity that would be a corporate icon. Photo: Courtesy
Habitat

Desco head office: When commitment to community and environment inspires architecture

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
An aerial view of a MRT Line-6 construction site. Work on the first elevated metro rail of Bangladesh is going on in full swing. A total of 16 elevated stations will connect the capital’s Uttara to Motijheel via Mirpur, Farmgate and Dhaka University. The photo was taken from Farmgate area recently. Photo: Rajib Dhar

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net