Supply Chain Council of European Union | Scceu.org
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Textile Distributor Hits Ch. 11 After Supply Chain Woes

By Vince Sullivan (March 25, 2022, 5:58 PM EDT) — A New Jersey textile product distributor that serves some of the country’s largest retailers filed for Chapter 11 protection late Wednesday, blaming a COVID-19-related surge in prices and ongoing supply chain troubles for an inability to cover its trade debt obligations.

In initial court filings, Elite Home Products Inc. said increases in the price of raw materials as well as jumps in freight costs ahead of the COVID-19 pandemic in early 2020 continued to worsen over the next two years, reaching unprecedented levels.

President and majority shareholder Scott R. Peretz said in a first-day declaration that freight costs increased six times…

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