Inventory glut of items such as gloves means distributors are ordering less.
Gloves maker Ansell has warned a glut of unsold products following the coronavirus pandemic has now spread to surgical items, causing distributors to cut back on their orders.
The oversupply is also being felt in Ansell’s division making protective gear for pharmaceutical and laboratory workers, and triggered Ansell to deliberately slow production and warn of another earnings hit.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
