“It was a perfect storm,” explained Hal Majors, director of purchasing at Drury Hotels. “Cotton mills in Pakistan and India began hording to drive up the price of cotton. Then an atypical monsoon season flooded Pakistani mills. There was no rise in demand until the flooding issues in 2010. Add to that the rising costs of shipping – prices have gone from $3,500 to $5,000-6,000 per container – and you have the perfect storm for record-high cotton prices. We thought we had staved off increases … [Read more...] about Feeling the Impact of Climbing Cotton Prices
Fred Reese
Arizona Cardinals Boosting Flagstaff Economy
With the ink still drying on a recently renewed three-year contract between the Arizona Cardinals and Northern Arizona University (NAU) to host the team’s annual training camp, many Flagstaff hotels, restaurants and businesses are prepping for the red, white and black clad fans. Although training camp didn’t officially begin until Friday, July 30, many local hotels and businesses are projecting optimism when it comes to the number of visitors Flagstaff will see and the … [Read more...] about Arizona Cardinals Boosting Flagstaff Economy