Ash City: Eye on Asia
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Rules of Supply & Demand: While the main focus of our industry has been on the skyrocketing cost of Cotton, we now have a new trend developing in relation to the increasing cost of Polyester. With the frenzy in trying to find alternate options to cotton, a demand was quickly built up which has gradually increased the cost on Polyester over the past twelve months. Now coupled with increased labor wages and the weaker U.S. dollar mentioned above, I estimate we will see additional increases as high as 8-to-15 percent. While this might seem like an obvious trend, many suppliers were not able to take advantage of polyester pricing prior to the increases, which will impact their ability to offer stable pricing.
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- Companies:
- Ash City USA
- People:
- Garry Hurvitz
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