The conflict in the Middle East has impacted the global supply chain. Price and supply volatility for crude oil, butadiene (NBR), PVC, and other petrochemical derivatives (PE, NWM) have increased. Additionally, vessel re-routing has led to higher transportation and logistics costs.
We are working closely with our manufacturing facilities and logistics partners to mitigate these challenges and maintain supply continuity, but the conflict and its downstream effects will have an impact on cost and supply. The global glove market has a multitude of cost inputs and the raw material is just one of many inputs which are quickly showing signs of increasing finished goods pricing.
While we are not currently taking price action on domestic stock orders at this time, we will likely see changes to previously confirmed pricing and freight for inbound direct container orders.
Our Sales teams will be in contact to provide updates and address any concerns. We appreciate your support and understanding as these events continue to evolve.