After reading several new industry periodicals, I have discovered the newest hot topic; cotton! There is much speculation about increasing cotton prices that has vendors “shaking in their t-shirts.” World cotton prices are approximately 50% higher than last year at this time. Outside elements including severe weather are the main factors affecting these prices. Because places such as Pakistan have suffered from brutal floods, there have been shortages of this raw material.
These shrinking inventories are causing the direct cost of goods prices to increase for vendors. A t-shirt vendor I work closely with warned me of these increasing prices because it will concern suppliers, vendors, and end-users. What does all of this mean for you? Do not be surprised that as cotton prices continue to soar, prices of products made from cotton will do the same.
Contact Information:
kaitlin@infinityprintgroup.com
Twitter: @infinitypg or @ipg_khinkle
(309)663.5551
www.infinityprintgroup.com
