As the nightmare continues, everyone has learned a new acronym: PPE. Personal Protection Equipment is in high demand and supply is scarce. Our hospital system is having trouble receiving what they need, and now local government is recommending masks when leaving the house.
3M CEO Mike Roman said the face mask “demand we have exceeds our production capacity.”
With face masks desperately needed, smaller companies like Alpha Pro Tech (APT) are being thrust back into the spotlight. Reportedly, more contracts may be coming to the company as the emergency stockpile of medical equipment runs dangerously low. “The near-exhausted supply includes masks, respirators, gloves, gowns and face shields, the officials said. A small amount of gear has been set aside for federal first responders,” as noted by Reuters.
With APT showing signs of life with big demand, it could explode higher, near-term.