KUALA LUMPUR (June 4): Malaysian Rubber Glove Manufacturers Association ( MARGMA) has cautioned local and international buyers to stay vigilant amidst the race to purchase medical gloves, due to fraudsters and scammers having quickly emerged and harming both the genuine sellers and buyers in the industry.
The warning came after MARGMA said it recently received over a dozen reports from its members which discovered frauds and fake agents claiming to represent their respective companies for the glove supplies.
“Some members reported that fake company letters were produced to appoint bogus agents while others were prompted by customers as quoted prices soared higher and promise of delivery timeline were cut short,” said MARGMA President Denis Low in a statement today.
“Buyers are reminded that while glove prices have soared and demand is over-whelming, industry’s supply are being fully booked until early next year.
"In such a situation, nobody, other than the bonafide manufacturers can spare supply of gloves at limited quantities. All buyers are advised to be extra careful and not get caught by these fraudsters claiming to offer any quantities of glove and at ridiculous prices. In order to stay vigilant, buyers are encouraged to counter-check with the direct manufacturers or MARGMA,” Low added.
As such, MARGMA urged buyers from both local and International markets not to fall prey to such fraudsters and scammers.
It also encouraged all buyers to check the MARGMA website to ascertain the genuineness of the manufacturers they are dealing with or email [email protected] should there be any doubt.
Meanwhile, MARGMA foresees the shortage of gloves due to overwhelming demand this year, to spill into 2021 with the industry continuing to be in an oversold position.
Nonetheless, MARGMA assured the world that the industry is doing its best to meet global demand for the supply of medical gloves.
“The industry players are also working within new operating guidelines and abide by the stringent social compliances as manifested in the Industry Code of Conduct on Social Compliance for good governance of its workforce and the environment.
“Workers' safety and welfare are being monitored critically to ensure a very conducive and rewarding workplace environment for all strata of employees in the industry. Majority of MARGMA members are members of SEDEX, one of the world’s leading ethical trade service providers, working to improve working conditions in global supply chains covering labour, health and safety, environment and business ethics,” MARGMA added.
In the first quarter of 2020, export of gloves amounted to approximately 53 billion pieces. For 2020, MARGMA estimated world consumption to reach 330 billion pieces of gloves and Malaysia is expected to provide about 220 billion pieces.
In comparison, Malaysia exported 187 billion pieces out of an estimated world consumption of 296 billion pieces in 2019.
#dudukrumahdiamdiam and get the news at theedgemarkets.com.