Hospitals Face Glove Shortages Amid Price Hike Due to Conflict
Rubber glove makers are raising prices and warning of production cuts due to supply chain disruptions caused by the Iran conflict. These hikes raise concerns for the healthcare sector, potentially leading to shortages by late May.
Rubber glove makers have raised prices and warned of production cuts as the Iran war chokes supplies of key inputs, raising concerns for the healthcare sector. Glove makers have already hiked the average price of synthetic rubber gloves by around 40 per cent to as high as US$29 for a box โof 1,000, according to Oong Chun Sung, an equity research analyst at CIMB Securities. Sustained disruption to supply chains from the conflict could lead to glove shortages by late May, analysts at Malaysiaโs...