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JUST 1 SOURCE & SUPPLY – NITRILE GLOVE MARKET UPDATE

Due to the conflict in the Middle East, we felt it right to put together some information for members of the BFFF to give an understanding on the Global Supply Chain, specifically relating to Nitrile Gloves. You may well have seen price increases already and limited supply from Manufacturers, this is down to the raw materials utilised to manufacture Nitrile Gloves.

Crude Oil is the ‘base’ for NBR which is the material used in the production of Nitrile Gloves. You may have seen on the news that the price on Crude Oil has surged by approximately 110% and as of last week was trading at $113 per barrel, nearly double previous stable pricing. With Asian countries purchasing over 50% of their materials from the Middle East the scarcity of resources has caused pricing to increase, at an exceptionally fast rate.

UK Manufacturers have in the main, limited stock supplies to Distributors and increased pricing from April, with most looking to increase again in May based on continued increases at source.

I don’t want this notification to cause panic in the market and feel it important to highlight that availability in the UK Glove Market is still healthy, we wanted to give the best possible picture so informed decisions can be made.

If you wish to discuss this further or if you wish to seek support, please don’t hesitate to reach out and I will help where I can.

I look forward to supporting the BFFF Members in the coming months & years, so please do utilise me and my team to improve protection, reduce costs & improve employee satisfaction.

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