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Textiles

Prime Content | 
Textile sector faces economic strain as Middle East conflict escalates

14 May '24
90 min read
Textile sector faces economic strain as Middle East conflict escalates
Pic: Adobe Stock

Insights

  • The Middle East conflict has impacted the global textile trade by disrupting supply chains and economic stability.
  • As regional tensions and protectionist policies rise, textile exports have decreased significantly, particularly to the US and EU.
  • This downturn is exacerbated by attacks on key shipping routes, raising costs and extending delivery times.

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