NAICS 313111 - Yarn Spinning Mills
This U.S. industry comprises establishments primarily engaged in spinning yarn from any fiber and/or producing hemp yarn and further processing into rope or bags.
Industry trends:
Recent trends in the Yarn Spinning Mills industry (NAICS 313111) indicate a growing emphasis on sustainability and eco-friendly practices. Many mills are adopting greener technologies and processes, such as recycling waste fibers and using organic and renewable materials. This shift is driven by increasing consumer demand for environmentally responsible products and stringent regulations regarding environmental impact.
Another significant trend is the integration of advanced technology, including automation and artificial intelligence, to improve efficiency and reduce costs. Enhanced data analytics and IoT (Internet of Things) devices are allowing mills to monitor and manage operations in real-time, optimizing production and minimizing downtime.
Customization and flexibility in production are becoming more prevalent, as companies strive to meet specific customer needs and produce smaller, more specialized batches. This trend is facilitated by advancements in machinery that can quickly switch between different types of yarn.
In terms of forecasts, experts predict continued growth in demand for sustainable and innovative yarn products. The industry is likely to see heightened competition and consolidation, with larger companies absorbing smaller ones to leverage economies of scale and expand their technological capabilities. Furthermore, fluctuations in raw material prices and supply chain disruptions could pose challenges, but companies that invest in resilience and adaptability are expected to thrive.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.