BY JOSEPH CHOI – 11/24/20 10:07 AM EST
“To minimise the impact on our customers, we are allocating sales orders to unaffected factories and rescheduling deliveries where possible,” Top Glove Corp of Malaysia said in a statement. According to the company, deliveries could be delayed by up to four weeks and new orders could take even longer.
As Reuters notes in its report, shares of the company have shot up in value this year due to the high demand for personal protective equipment. The company commands a quarter of the global latex glove market.
Top Glove operates 47 factories across Asia, 36 of which produce gloves. It previously had to shut down 16 factories and reduce the capacity of 12 others. In its statement the company did not say how many factories would be affected by the new order.
Top Glove’s production capacity will likely be reduced to 50 percent of what it normally produces, according to Malaysian Industrial Development Finance research analyst Ng Bei Shan.
Malaysia produces nearly two-thirds of all the rubber gloves in the world, according to the Malaysian Rubber Glove Manufacturers Association. The other two major glove manufacturers, Hartalega Holdings and Supermax Corp, are not believed to have the capacity to make up for the expected delay caused by Top Glove’s shutdowns.
Hospitals, veterinarians, food workers and literally hundreds of other businesses rely on these cheap Personal Protective Devices every day.
If you think The Great Toilet Paper Shortage was a big deal just wait until they can’t get these cheap latex gloves.
I’m telling you, if you know someone that has a small business that relies on these things you need to let them know this is coming.
The one nice thing is that when this gets out and people start hoarding them, they won’t take up near as much space as 18 packs of ass wipe do.