A Glut of Chinese Masks Is Driving U.S. Companies Out of Business

calvintaneng

Mask mandates have eased, a welcome milestone in the battle against Covid-19. But for the two dozen domestic companies that jumped into the mask-making business last year, the good news comes with a downside: a calamitous drop in sales.

Some of the slackening demand is tied to the loosening of masking guidelines by the Centers for Disease Control and Prevention, but industry experts say a bigger factor has been the return of inexpensive protective gear from China that began flooding the American market earlier this year.

Industry executives and some members of Congress have accused China of dumping, noting that many imports are priced so low — sometimes a tenth of what American factories charge for comparable products — that there is little chance for domestic companies to survive.

In recent weeks, at least three companies have stopped producing masks and medical gowns, and several others have markedly scaled back production, among them Premium-PPE, a year-old surgical mask-maker in Virginia that recently laid off most of its 280 workers.

“Our industry is in break-glass mode,” said Brent Dillie, the co-owner of the company. Like other start-ups, the company got into the mask business after China, the world’s largest producer of protective medical gear, halted exports at the start of the pandemic. “Six months from now, many of us won’t be around and that won’t be good for America the next time there’s a national health emergency.”

The crisis faced by domestic producers is an urgent test for the Biden administration and embodies two of its most important priorities: shore up American manufacturing and ensure that health care workers will never again scramble to find adequate protective gear. Those shortages, health experts say, most likely contributed to the high rates of infection among frontline workers, more than 3,600 of whom died of Covid-19 during the first year of the pandemic, according to a tally by The Guardian and Kaiser Health News



Read again

“Six months from now, many of us won’t be around and that won’t be good for America the next time there’s a national health emergency.”



Many USA Face mask companies will go bankrupt



SO WILL BE GLOVE COMPANIES THAT OVER EXPANDED LAST YEAR



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HIGH TIME BARRIER TO ENTRY



YOU NEED AT LEAST 4 TO 5 YEARS PLANTING TO HARVESTING PALM OIL UNLIKE ONLY 4 MONTHS TO SET UP GLOVE PRODUCTION



HIGH LAND BARRIER

THERE IS LITTLE SPARE LAND IN CHINA TO PLANT PALM OIL AS CHINA IS TEEMING WITH 1.4 BILLION POPULATION





Warm regards



Calvin Tan



Please buy or sell after doing your own due diligence or consult your remisier/.fund manager

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2021-11-30 13:57

value_seeker

Glove need to wait before buy. The current bottom is not the bottom lowest. Those who plan to sell in 6 months should not buy now. The low most likely low than previous covid low.

2021-11-30 14:01

gladiator

Don't worry a glut of Malaysia Gloves will drive China Glove Companies Out of Business.

2021-11-30 14:13

Intrinsic99

Post removed.Why?

2021-12-01 15:32