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PPE Shortages Loom: Oil Crisis Impacts Gloves, More
Description
A family-owned PPE company in Vaughan, Ontario, warns of impending disposable glove shortages due to the Strait of Hormuz closure, causing oil-based raw material prices to surge. Nitrile gloves, crucial for hospitals, food prep, and home use, are particularly affected. Production costs skyrocketed in early March, with empty shelves and price hikes expected in May or June. The energy crunch impacts the entire supply chain, affecting not just PPE, but also kitchen tools, coffee makers, and electronics. Retail analyst Bruce Winder predicts inflation will hit hard as the conflict persists, advising consumers to stock up while supplies last.
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