Pivot to making plexiglass 'sneeze guards' for retailers saves a small business in Michigan

  • 📰 CNBC
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Out of a desire to get back to work, pliexiglass company i.M. Branded became essential, adding the capability to cut and design plexiglass 'sneeze guards' and social distancing signage.

"Most of our orders that come in every single day are from your mom and pop business, your medical offices, your retail environments and some large brand restaurant groups too," said Jim Whitehead, a small business owner in Michigan who shifted production in April to sell plexiglass partitions.

Despite the surge in protective shields, manufacturers of plexiglass and acrylic sheets – known as Poly Methyl methacrylate or PMMA in the industry – are not exempt from the impact coronavirus is having on the economy. Prices currently are currently around two-year lows, about 40% below May 2018 levels. That's largely due to the majority of its demand coming from the construction and automotive industries, which have been largely shutdown due to the pandemic.

Whitehead, founder and CEO of i.M. Branded, said he's glad his company got in early when purchasing the raw materials. After already experiencing a backorder on acrylic, he foresees a supply issue as more of the country opens back up and demand for clear partitions increases. Out of a desire to get back to work, Whitehead said he and his team figured out a way to be considered essential, adding the capability to cut and design plexiglass "sneeze guards" and social distancing signage.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Biggest damage from pandemic is economic and quickest fix is tax and redirect money from stock trading and consumer sales to fund basic income for 100 mn consumers!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shining a Light on the Mask MarketHow one business pivoted to masks as the crisis began.
Source: Slate - 🏆 716. / 51 Read more »

Plexiglass beach isolation boxes for coronavirus reopening - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What a joke Great dumb idea
Source: BusinessInsider - 🏆 729. / 51 Read more »