Supply shortage for gloves

Adding to the shortage of gloves is the possibility that Covid-19 cases, which had caused a surge in the demand and hence price of gloves before this, could continue to peak due to new variants of the virus. Hence, some analysts are not downgrading the glove sector as yet.

PETALING JAYA: The market’s anticipation of the average selling prices (ASPs) of gloves normalising is already happening but that does not discount the fact that there remains a shortage of gloves.

Adding to this shortage is the possibility that Covid-19 cases, which had caused a surge in the demand and hence price of gloves before this, could continue to peak due to new variants of the virus. Hence, some analysts are not downgrading the glove sector as yet.