WASHINGTON — Retailers and apparel brands are on alert as flood waters continue to rise in Pakistan and the damage to 15 to 20 percent of the country’s cotton crop raises concern about higher prices, shortages and the viability of the Asian nation’s textile and apparel manufacturing base.
Preliminary reports from U.S. sourcing and Pakistani textile executives revealed no immediate disruptions in apparel and textile production in the major manufacturing hubs of Lahore, Karachi and Faisalabad or in shipments from Pakistan, but there are concerns about the potential for future disruptions.
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