The story: Excess inventory of personal protective equipment and COVID-19 tests are cutting into profits for distributors and manufacturers as demand falls. Several companies recently recorded charges related to obsolete inventory or donated excess products.
Those actions took place when the U.S. vaccination rates were rising, COVID-19 case numbers were falling and demand for PPE was waning.
As the delta variant causes COVID-19 cases to rise in the U.S., there are signs that demand for PPE is...
https://www.freightwaves.com/news/excess-ppe-cuts-into-profits-for-distributors-manufacturers