Thanks to a partial rapid recovery of the economy from corona measures demand for raw materials is rising again faster than expected. Organic cotton is also in vogue. This is having an impact on prices in the fashionindustry for customers.
The good news firstThe global economy is recovering faster than expected from the restrictions of the Corona period. The rapid recovery comes unexpectedly and also surprises commodity suppliers. Still in year 2008/09 the economy took up to two years to recover from the financial crisis recover from the financial crisis.
Textiles cost more
The rapid improvement brings new challenges. For example the prices of raw materials in general. In addition to the cost of steel, glass and crude oil the price of cotton, for example, is also rising. The latter already reached the beginning of 2021 all-time highs. In addition, demand for organic cotton in particular is increasing, regardless of coronavirus.
NIKIN also affected
NIKIN is also from rising raw material pricesn affectedas we process a lot of organic cotton. We have waited a long time with changes the selling price of our articlesbut now we also have to slight price adjustments make slight price adjustments. The quality of our products remains of course the same. Also tree planting we keep the same, safter all, trees are always booming here.
