Is there a recession ahead? Some doomsayers believe there is.
Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly” recession occurring in the U.S. and globally at the end of 2022 that could last all of 2023. (He also has a new book to sell, so keep that in mind.)
Numerous factors are affecting the cost of disposable gloves. Soaring oil prices, shipping rates that are expected to in some cases double, and logistics costs from compromised supply chains all add up to distributors potentially paying more for gloves in the second half of 2022.
Inflation is currently the worst it has been in four decades. Since late 2020, the global inflation rate has risen sharply, driven by such supply chain-related factors as raw materials, labor, shipping, and the lower cost of capital.
