If you have a child studying economics, the international nitrile glove industry makes a great case study for ‘Supply and Demand 101’.
Let’s start with some basic background. Nitrile is a synthetic rubber whose durability and resistance to chemicals and punctures, makes it a great material for disposable gloves that are used in a large variety of businesses including postal work, handling of light chemicals, provision of food, and many different types of face-to-face occupations. However, in recent times most attention has been drawn to the international medical industry which has required hundreds of billions of nitrile gloves to be manufactured, distributed, and used annually.
“The Glove Company have experienced significantly heightened levels of demand for our high-performance nitrile gloves throughout the pandemic. We have worked hard over the last 12 months to expand and further secure our supply chain to meet demand now and into the future.” Says Grant Staples CEO of The Glove Company Global Group.
With vaccination programs now in full swing in many countries, the demand for nitrile gloves remains extremely high. But the good news is, supply is now normalising, and if we keep our nitrile-covered fingers crossed, the worst of the predicament has passed.