The chief executive of medical glove and surgical suits maker Ansell says no-one could have forecast the speed of a sharp downturn in demand and prices for personal protective equipment as countries return to partial normality in the COVID-19 pandemic.
Neil Salmon said governments, health authorities and hospitals had built up extra inventory at the peak of the COVID-19 pandemic after buying extra stock, but that had unwound faster than predicted.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
