U.S. hemp textile processors are playing into hands of Asian competitors, new report warns

Sep 28, 2024

By prematurely supersizing production, U.S.-based fiber hemp processors are playing into the hands of Asian competitors, according to a new report from a U.S.-based cannabis consultant. As U.S. processors scramble to stabilize their struggling operations by offshoring fiber into the international apparel manufacturing supply chains of China and India, they are bolstering the hemp economies of those nations while not addressing the lack of end-to-end domestic supply chains, according to the report, from Canna Marketing Group (CMG).

 

https://www.einnews.com/pr_news/745070518/u-s-hemp-textile-processors-are-playing-into-hands-of-asian-competitors-new-report-warns