Koon Yew Yin 10 Nov 2020
Today all the glove stocks have been dropping because many glove stock holders are dumping their holdings as they are afraid that vaccines will be available and the demand for gloves will be reduced soon.
When vaccines are proven safe for use, more medical workers will be employed and all of them are required to wear gloves. As a result, more gloves are required as shown in the photos above.
Currently there are 51.3 million Covid 19 cases and 1.27 million deaths in the world. The number of daily new cases and deaths are still spiking.
One of the best ways to control the spread of the virus is frequent testing. More medical workers will be required to do the testing and all of them are required to wear gloves as shown on the photos above. More gloves will be used.
Many scientists predicted that the pandemic will not be under controlled for at least 1 or more years. Moreover, it will take a long time to produce enough of vaccines to vaccinate 70% of the world population to stop the spread of the virus. As I said above, more medical workers will be required to do the vaccinations and all of them have to wear gloves.
Due to Covid 19 pandemic the demand for medical gloves will continue to exceeds supply and all the glove makers are increasing their selling prices to make more and more profit.