Last in a series
Currency has real impact on disposable glove prices. The currency exchange rate has been favorable to U.S. buyers in the single-use glove market the last few months, with a strong dollar trading at its highest rate in 20 years. If the dollar should stumble, glove prices are likely to feel upward pressure.
That is why it’s important to monitor international markets closely. If you hear the dollar is weakening, be prepared—and prepare your customers for what could lie ahead.
Second of four parts
Pre-pandemic, China was a minor player in the nitrile disposable glove market. Post-pandemic, it has substantially grown its overall nitrile production capacity and is expected to grow it further.
In the single-use glove industry, factories—especially in Malaysia, the world’s No. 1 glove-producing nation—continue to have utilization challenges, with some operating at as low as 20% capacity, and others in the 40%-50% range.
Now that 2024 has arrived, we’re a year further from the pandemic. Multiple trends are continuing to impact glove market conditions, from pricing of NBR (nitrile butadiene rubber) and PVC (polyvinyl chloride) to logistics, energy, and coal prices.
Overall, disposable glove use in the United States continues the upward trajectory it has been on since the 1980s. The market is projected to experience healthy growth throughout the next decade, again proving to be an excellent business opportunity.
If you work with heavy machinery or use tools all day on the job, there is a significant risk to your hands from sharp edges, abrasive surfaces, chemicals, and other potentially harmful objects or substances.
When it comes to hand protection for hazardous environments, you want Gloveworks Nitrile with Raised Diamond Texture (RDT) on your side. These gloves stand up to the rigors of tools and machinery while also delivering dexterity, durability, and—maybe best of all—comfort.
Have you ever had a situation where a customer needed a glove—and you couldn’t get the right size, or color, or mil thickness?
Maybe they were on backorder. Maybe something more complicated was involved, like labor issues at the factory or the port.
The disposable glove industry is not widely known for its dedication to customer service.
That is, of course, not a universal statement; many vendors have good, even great, relationships with customers. For the most part, though, the disposable glove industry is where one business sells a commodity to another: It’s purely transactional.
Historically, people who work on cars and trucks have not widely used disposable gloves. For generations of mechanics, hand protection simply was not a big concern.
Why? In many cases—at least until the last couple decades—they lacked the information they needed to make the right choice for safety. Heck, even today the industry is only 120 or so years old. The evolution to new ideas can be long and laborious.
Disposable gloves are essential for—among lots of other things—maintaining hygiene, protecting workers from potential hazards, and preventing the spread of infections. Without strict quality-control measures, even a tiny production slipup could cause an entire batch of gloves to go bad.
It’s likely both distributors and end users can relate to opening a case of new gloves, only to discover that they are all bricked together. Or they tear as soon as they’re pulled on. Or they have the distinctive odor of being well past their use date.
When you think of professions with high injury rates, you most likely turn to such jobs as commercial fishing, logging, or roofing. Janitorial work may not seem perilous—but the injuries jan/san crews suffer should not be taken lightly.
Especially troublesome are hand injuries, which can result in missed work, elevated worker’s comp premiums, and less quality control. A solution can be as simple as ensuring employees have the right glove for the job—something that AMMEX specializes in.
During the pandemic, many distributors scrambled to find a glove vendor—while others dropped products altogether, including single-use gloves, because of the difficulty and/or cost of obtaining them.
Have you asked why you are buying from your current disposable glove vendor? Now might be the time to make sure that your organization has a clear understanding of what differentiates your suppliers.
