Top supplier Malaysia sees no quick end to shortages in $8 billion gloves industry

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Malaysia is warning buyers to be wary of scammers promising quick supplies. YahooFinance

KUALA LUMPUR - A global shortage of medical gloves due to a coronavirus-driven surge in demand will carry over into next year, Malaysia, the world's biggest gloves supplier, said on Thursday, warning buyers to be wary of scammers promising quick supplies.

It recently received more than a dozen reports of frauds and fake agents claiming to represent member companies for glove supplies. Counterfeit company letters were produced to appoint bogus agents or potential customers were quoted"ridiculous" prices with a promise to cut short delivery time. MARGMA, whose members include top-two players Top Glove Corp and Supermax Corp , also said worker safety and welfare were being monitored"critically" as pressure increases to step up production.

 

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