Rubber glove sector thrives on lower costs

topglove1_WEBThe rubber glove sector is presently riding high on favourable factors, most prominently lower costs brought about by falling latex prices in addition to favourable foreign exchange trends as the US dollar strengthens against the ringgit.

These two factors should boost the earnings of glove companies if their trends persist.

Since latex price peaked during the winter season (around February to April 2012), it had fallen 13 per cent from its highs.

The research house was brought to understand that there was an ample supply of natural rubber coming from the additional plantations in neighboring countries such as Cambodia and South Vietnam.

In addition, latex traders were also expected to continue to release their stocks to unlock their cash flows, which would lead to persistent pressure on latex prices.

This was on the grounds that the glove maker had the most exposure to natural latex glove production (at 59 per cent of its cost) and a projected 15 per cent change in its earnings for every one per cent change in the foreign exchange rate.


About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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