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Price Pain: Apparel Grapples With Higher Costs

Join Sourcing Journal on March 13th HKT for Sourcing Summit Hong Kong for discussions on mending relationships between supply chain partners, remaking factories for smaller MOQs and faster turns, and creating resilience to survive the next inevitable crisis.

Just as brands and retailers are finding consumer demand slowly climbing back to pre-pandemic levels, they’re now dealing with rising costs, from raw materials to logistics. Raw materials In the fiber world, most cotton benchmark prices increased over the past month. Since early February, futures prices increased to 87 cents from 80 cents per pound….

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