Suez Canal blockage has minimal impacts on glove, consumer sectors

KUALA LUMPUR: The Suez Canal blockage will have minimal impacts on glove makers earnings and the consumer sector for the financial year ending 2021 (FY21).

PublicInvest research said its preliminary estimates suggested that a two-week disruption has minimal impact, although the European market accounts for 30 per cent to 40 per cent of the glove makers’ sales volume.