Lakeland Industries shows PPE not immune from supply chain inflation

Cons. Discr. - Apparel 426 Coronavirus 486 Earnings 610 Health Care 315 Quote Watch 379 U.S. 5005

Lakeland Industries, a maker of medical garments including personal protective equipment (PPE) reported a 30.9% rise in FQ4’21 (to Jan. 31) revenues which CEO Charles Roberson stated was the result of “the resiliency of our operations, our global supply chain”. The firm’s U.S. seaborne import activity reached 14.0% growth compared to a year earlier in calendar Q1’21, with a rotation away from China and into Vietnam in terms of sourcing having been completed. The firm experienced “significant price increases for fabric during FY 2021 and managed through our available manufacturing capacit...

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