She was spot on by saying manufacturers should be creative in exploring ways and means to make the gloves industry lucrative and thriving again, although certainly not at the similar pace when demand was soaring and average selling price skyrocketed to record levels.Īs one of the largest producers of natural rubber in the world, our gloves manufacturers have an advantage and it is time we leverage on that. This is why I believe that the reminder by Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin that manufacturers should tap into non-medical industries is timely. This is symptomatic of our propensity to rush into things and inability to adapt quick enough. Questions are being raised about whether the billions ploughed in to build plants and increase capacity will make good returns, or if any. Overnight, some companies became investors’ darlings in the midst of a global recession.Įven companies with no gloves-manufacturing history jumped on the bandwagon, hoping to make a quick buck.īut now, as global Covid-19 infection rates dive and the world begins to look “normal” again, gloves manufacturers are facing an uncertain future. During the pandemic, as local companies were drowning in a sea of red ink, gloves manufacturers were making a fortune following the global spike in demand for medical gloves. The first is the rubber gloves industry since I am a vendor in this sector. Rightfully, the pandemic should have been a wake-up call to Malaysian businesses to become more agile and forward-looking. This is a liability in a cut-throat globalised world, where delays and hesitation can result in losses in the billions of ringgit. We are often more reactive than proactive. As a businessman with extensive dealings with China, I can attest that we are worlds apart when it comes to dexterity and adaptability. Malaysians are often too rigid when it comes to embracing change. As the nation inches closer to pre-pandemic “normalcy”, are we ready to embrace the business landscape that has been reshaped by the coronavirus? The last sector to reopen are night clubs, which resumed business on May 15, much to the delight of operators, whose premises were shut since March 2020. ALL economic sectors in Malaysia are now fully reopened.
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