Track: Case Studies

Abstract

The sugar industry in Bangladesh, historically a linchpin of its economy, has confronted significant challenges in recent years, experiencing sustained losses that affect its ability to contribute substantially to the nation's burgeoning economic landscape. This study is a dedicated effort to dissect the root causes of the sector's current predicament, utilizing robust research methods. Primary data and information have been meticulously gathered from Rajshahi Sugar mills, forming the basis for a thorough analysis employing statistical tools such as fishbone diagrams, Pareto charts, and 5 why root cause analysis. The results of this analysis unequivocally point to a pervasive lack of raw materials as the primary culprit behind the sector's downturn. Additionally, the application of these analytical methods has unearthed other contributing factors that compound the challenges faced by the sugar industry in Bangladesh. Beyond merely highlighting these issues, the study takes a proactive stance by recommending specific corrective actions to address the identified problems. By presenting a comprehensive picture of the sector's struggles and proposing tangible solutions, this research aims to serve as a catalyst for the revitalization of the sugar industry in Bangladesh. The proposed measures, rooted in a thorough understanding of the statistical analyses, aspire to position the sector for renewed growth and a more substantial role in the nation's economic narrative.