As of May 2, our product prices will, unfortunately, need to increase. Generally speaking, the reasons for this are current inflation rates, global issues with supply chains due to COVID-19, and price increases from our suppliers. Our sales have also been trending down compared to previous years.
For us, this has meant an increase in costs within our supply chains. We have thoroughly reviewed our options and this is the result: from May 2, we will increase product prices on the platform, with increases varying by item. The price of the standard t-shirt will be raised by $1.50
More background on the product price changes
Cotton prices are up: Global consumption is expected to reach record levels this year, exceeding available supply. Unfortunately, this also applies to products in the coming years. Want to know more? You can find more information here:
- Cotton price
- USDA 2022 Cotton Outlook
- Global Cotton Market: Prices to Pick Up 5% in 2022 on Rising Demand and Limited Crops in India and U.S. – IndexBox
Inflation in the USA and in Europe is causing prices to rise all over the world. For an overview of inflation in NA and the EU, click here:
Another reason for adjusting our product prices is the current peak in energy prices. This impacts the cost of producing and delivering our products.