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No danger of glove oversupply as Covid-19 demand outpaces capacity: Maybank IB

Broker's Calls

No danger of glove oversupply as Covid-19 demand outpaces capacity: Maybank IB

Jeffrey Tan Published on Thu, Jun 25, 2020 / 12:00 PM GMT+8

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SINGAPORE (June 25): As the novel coronavirus (Covid-19) pandemic continues to infect and claim lives, there is no danger of an oversupply of gloves just yet.

According to Maybank Investment Bank Research, global demand for gloves is expected to grow 20% in 2020-2021.

This would be supply-led as there is insufficient capacity to cater to the sudden jump in demand stemming from Covid-19, the brokerage points out.

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