Thanks to a partial rapid recovery of the economy from Corona measuresdemand for commodities is rising again faster than expected.In addition, organic cotton is in vogue. This has an impact on prices for fashion goods and oncustomers.
The good news first: Theglobal economy is recoveringfaster than expected from the restrictionsof theCorona period.The rapid recovery comes unexpectedly and also surprises commodity suppliers. Still in the· year 2008/09· it took the economy up to two years to recoverfrom the financial crisis.
Textiles cost more
The rapid improvement brings new challenges. For example the prices of raw materials are generally on the rise. Besides the costs for steel, glass and crude oil the prices of cotton, for example, are also rising. The latter already reached peak values in the beginning of the year 2021 . In addition, organic cotton in particular is increasingly in demand, regardless of Corona.
Also NIKIN affected
NIKIN is also from rising raw material pricesn affectedas we process a lot of organic cotton.. We have waited a long time for changes at selling price of our articlesbut now we also have to make slight price adjustments make slight price adjustments. The quality of our products remains of course the same. Also the tree planting we retain with, sAfter all, trees are always in high demand here.
