CHICAGO — Have you seen textile prices increase from 8.5% to 20% recently? Have you noticed that no one is offering long-term, price-guaranteed purchasing agreements?
Cotton prices continue to climb, and so do the cost of finished goods. We are facing a fundamental change in the way the textile industry operates.
For the past decade, prices have been incredibly stable due to manufacturing relocating to low labor-cost countries. But several factors are combining to drive the cost of textiles higher.