When it comes to the disposable glove market, demand planning—pricing and inventory—is the focus of most conversations. We understand why: Clients want to know when it will return to a predictable state, similar to four or five years ago.
The disposable glove market was consistent for almost a decade, with stable prices and predictable growth, leading up to 2020. The key variables that shape it (production, logistics, distribution, etc.) had been well-optimized.
A fair amount of confusion tends to surround the thickness of single-use gloves.
Do not be alarmed! For all the claims by producers and vendors touting the superiority of their gloves based on how thick they are, it’s important to keep this in perspective: Glove thickness is not an exact science, nor is it the be-all, end-all measurement of disposable gloves.
International shipping is another cost variable that exerts outsized influence on the price of disposable gloves.
Ocean freight rates in 2023 have been on a steady decline for shipping containers from SE Asia to U.S. West Coast ports. Experts fear transport companies will try to force up prices by making fewer voyages and leaving containers behind, delaying the delivery of goods.
The three primary variables that have an often outsized impact on the single-use glove market are production, international logistics, and U.S. market conditions. Within those variables are a number of sub-variables that can move in opposite directions and in different timelines.
Production happens primarily in Southeast Asia, where up to 80% of single-use gloves are made. The biggest glove-making countries are Malaysia and Thailand—which have dominated the glove trade for years—Vietnam, and Indonesia. China is also a growing player in the global market.
Where were you in 1988?
Maybe already running your distribution business. Or still in school, studying hard to build a better tomorrow for yourself. Or maybe not even born yet.
We often encounter confusion about different types of disposable gloves and which is the right choice for any given job.
A great example is “surgical gloves.” You may have heard or seen—in media coverage or TV police procedurals—a criminal said to be wearing surgical gloves while committing a crime, whether it’s a bank heist or (shudder) a serial killer at work.
We frequently hear from customers who say they bought gloves from another vendor at a low price, but they can’t find that deal again. In fact, that vendor can’t seem to source the glove at all.
If you’re an industrial distributor, you’ve likely come across vendors who can’t be trusted to consistently deliver what you need at a price that works for you. Sure, it’s nice to save a few bucks here or there on a case of gloves, but can you count on that arrangement to hold up over time?
We often have conversations about this question with customers and partners, and while the precise answer may vary, we aim to keep it simple: We help our customers buy the right disposable glove for the job. And we effectively reduce risk with expert services and tools.
Since the company’s founding in 1988—yes, in March we’re coming up on 35 years in business—we’ve been helping our clients with all aspects of global procurement, supply chain, and operations to ensure quality and efficiency in the single-use glove market.
Second of two parts
Most economists are in agreement on one word to describe what 2023 holds for the U.S. economy: uncertainty. The divergence of views on what will happen is as large as it has been in many years.
A steady drumbeat of “recession is coming” rattled around the public consciousness for the last half of 2022. The Federal Reserve raised interest rates seven times last year in an effort to throttle inflation. Underperforming stock markets have not helped matters.
First of two parts
The new year has the potential to be wildly successful for distributors that sell disposable gloves. In 2023, the $15 billion-plus market will continue to evolve as we put the worst of the pandemic behind us.
What makes us say this?
