Challenges in Sales, Losses, and Industry Dynamics
10 Aug, 2023
Category: Portfolio
Tags: Glove
Challenges faced by the glove industry
Sales declines and widening operating losses quarter on quarter. Expansion of regional players, coupled with pandemic-driven excess inventory, rising energy and labor costs further compound the situation. Although there is an uptick in Average Selling Price (ASP), the industry's bottom may not yet be in sight.
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