Polyester suppliers and garment makers in India and Bangladesh face surging costs and production cuts
Updated
Updated · Reuters · Apr 24
Polyester suppliers and garment makers in India and Bangladesh face surging costs and production cuts
11 articles · Updated · Reuters · Apr 24
Filatex in India reports a 30% rise in feedstock costs, while factories in Surat have halved polyester loom operations since the Iran war began, causing production to drop by over 60%.
Fast fashion retailers like Zara and H&M may see higher costs as Asian suppliers struggle, though current inventories shield them temporarily. Bangladeshi thread producers have raised prices by 15.5%, and factories are shutting more frequently.
The crisis stems from Middle East supply disruptions and fossil fuel price surges, affecting the entire supply chain, including sneaker manufacturers. Continued shortages may force further factory closures and reduce global clothing production.
With oil shocks crippling polyester, is the era of cheap fast fashion finally over?
Why are hundreds of thousands of textile workers fleeing India's manufacturing hubs?
Is the global supply chain facing a perfect storm of war, tariffs, and inflation?
As the Strait of Hormuz chokes supply, which Asian economies face the greatest risk?
How are brands like Nike redesigning sneakers to escape the worsening oil crisis?
Recycled plastic isn't the answer. What is fashion's real alternative to oil?