Coronavirus (COVID-91) PPE Shortages Impact Pricing/Supply of Protective Masks

Posted by Essential Admin on

Coronavirus (COVID-91) PPE Shortages Impact Pricing/Supply of Protective Masks

 

As most people know the current COVID-19 worldwide pandemic has led to huge demand and supply shortages of Personal Protective Equipment (PPE), including protective masks, gloves, gowns, face shields, and other equipment.

Many vendors of these products have drastically increased their prices. This can constitute "price gouging" and profiteering, and can be illegal, resulting in confiscation of inventory, fines, and even imprisonment. 

Here, at Essential Supply, we strive to provide quality products that serve the public, at fair and competitive prices. These difficult times cause a lot of uncertainty, not only for for everyone's health and financial wellbeing, but also for supply chains disruption, and constantly changing prices for products and shipping. We desire to be transparent and fair in our dealings, and hope you'll come to count on us a trusted source for your needs.

This CNN article captures much of the problem: 

Protective equipment costs increase over 1,000% amid competition and surge in demand - 4/16/2020: https://www.cnn.com/2020/04/16/politics/ppe-price-costs-rising-economy-personal-protective-equipment/index.html

"The cost of personal protective equipment is skyrocketing -- more than 1,000% in some cases -- as the coronavirus pandemic continues.
The federal government's Strategic National Stockpile has nearly emptied and states have been left to find PPE supplies on their own. The surge in demand has left importers, suppliers and purchasers scrambling. And price gouging has exacerbated the problem."

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