Minnesota-based textile distributor Global Impex USA believes the world may face a severe cotton shortage due to India’s COVID-19 crisis. As per a Knitting Industry report, the sudden surge of new variant has heavily affected India’s fabric manufacturing. It has impacted India’s entire domestic supply chain and increased cotton prices to their highest in seven years, says, Sarvesh Jain, Representative, Mamta Global Trading.
Mike Sanders, National Marketing Manager, Akron, however adds, shortage may happen if countries go into complete lockdown. High fuel prices in India and lack of migrant workers is also leading to a rise in Indian cotton prices and may lead to a shortage in future, adds Jain.
Global Impex USA, has partnered with Umed Group, a global fabric manufacturer based in India that had to delay fabric shipments and manufacturing due to the spread of the new COVID-19 variant.
