Cotton Prices are Skyrocketing

“Prices are going up, cotton is booming, inflation in Asia is out of control and poly yarns are in short supply. True, true, true and true — costs are going up and margins are going down.”

That is the news from one of our largest suppliers in the apparel industry, but echoed throughout the promotional marketplace, from apparel to high tech items. The days of factories in China producing smaller runs at favorable pricing relative to domestic goods are pretty much over. Those same factories are requiring larger runs and are now charging more, not less.

To avoid sticker shock, we are forced to find new suppliers and reduce our margins while imposing very slight price increases. We work hard at keeping the balance between high quality and exceptional value.