Establishments primarily engaged in weaving fabrics more than 12 inches (30.48 centimeters) in width, wholly or chiefly by weight of cotton. Establishments primarily engaged in weaving or tufting carpet and rugs are classified in Industry 2273; those making tire cord and fabrics are classified in Industry 2296; and those engaged in finishing cotton broadwoven fabrics are classified in Industry 2261.
The SIC 2211 category, Broadwoven Fabric Mills, Cotton, has experienced several qualitative trends influenced by sustainability, technology, and consumer behavior shifts. As sustainability becomes a core consumer demand, the industry is observing a rising emphasis on eco-friendly cotton production. Companies are developing advanced methods to minimize water usage and chemical inputs, contributing to a more sustainable textile supply chain.
There is also an increasing adoption of technology across the sector. Digital textile printing technology is gaining popularity as it enables more efficient resource use and vibrant, customizable designs. Artificial intelligence and machine learning are being utilized for predictive maintenance in production facilities, reducing downtime and operational costs.
The market is expected to witness continued expansion in online retail channels due to evolving consumer shopping preferences, accelerated by the COVID-19 pandemic's aftermath. E-commerce platforms are facilitating direct-to-consumer sales, allowing manufacturers to capture more market share without traditional retail intermediaries.
Forecasts for the near future suggest that these trends will persist and deepen. Sustainability will not only remain a focal point but will likely lead to certifications and industry benchmarks becoming more prevalent, reassuring eco-conscious consumers. Technological advancements will continue to transform manufacturing processes, leading to better efficiency and innovative product offerings. Additionally, the shift towards digital and personalized experiences in consumer retail will dominate, with augmented reality and virtual reality tools becoming integral to marketing strategies.
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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.
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.