The focus of the first part of this information is derived from a report which lends credibility to the overall impact of the Coronavirus driving the need for Professional Protective Equipment (PPE) globally. It is with this in mind that the second part of the information provided herein is designed to make the business case that the PPE market is here to stay and will be in demand into the foreseeable future. TLBISBIG Consulting Group and Medical Supplies is poised to compete in niche market segments, which traditionally have been underserved.
The Pandemic Market for Professional Protective Equipment (PPE)
Protective equipment for healthcare workers is crucial to fight against the novel coronavirus (COVID-19). The World Health Organization (WHO) has urged the governments and businesses to act swiftly in boosting the production of masks, respirators, and gloves. In order to meet global demand, the WHO estimates that companies must increase their production by 40%. A wide range of PPE manufacturers are operating as close to 100% capacity and prioritizing the orders to the countries with a high demand-supply gap. The updated report will account for COVID-19 as a key market contributor.
The global healthcare personal protective equipment market size was valued at USD 4.7 billion in 2019 and is expected to register a CAGR of 8.5% over the forecast period. Rising importance of personnel safety at healthcare facilities coupled with the outbreak of COVID-19 across the globe is anticipated to drive the demand for personal protective equipment (PPE) market growth.
The rapidly increasing number of COVID-19 cases globally has resulted in an insufficient supply of healthcare personal protective equipment, especially respirators and masks. In addition, the supply for protective clothing and face and eye protection used by healthcare professionals is likely to be exhausted due to the increased demand for personal protective equipment.
Presence of stringent government norms in the U.S. regarding the safety of doctors, patients, and other workers in hospitals and premises, coupled with huge penalties for non-compliance with standards, has boosted the adoption of disposable gloves. Furthermore, this protective equipment is used in the U.S. healthcare industry to protect employees against various infections and health hazards.
The supply chain for the personal protective equipment will continue to be stressed as the demand exceeds available supplies on account of the COVID-19 outbreak. In order to boost the supplies for personal protective equipment used by healthcare professionals, manufacturers are launching new production units as the European Union has relaxed the regulatory approvals for personal protective equipment, provided that the safety is not compromised.
Increasing concerns by the governments toward employee health and safety along with rising number of COVID-19 cases majorly in economies of China, Italy, France, Germany, and U.S., on account of the absence of protective kit, is likely to drive the demand for personal protective equipment. Stringent government regulations pertaining to employee safety are forcing employers to comply with the industry standards, thereby increasing the need for protective clothing.
Rapid technological advancements in the field of surgery such as High-Reliability Organizing (HRO), technical advancements, and standardizing procedures are expected to have a positive impact on the hospital sector, thereby impacting the demand for personal protective equipment positively. However, lack of proper disposal methods for healthcare personal protective equipment in various economies is expected to hamper the market growth.
TLBISBIG Consulting Group was established in 2014 with a focus bent heavily toward Big Data Analytics as Artificial Intelligence and Machine learning was just starting to gain major traction in the marketplace and business world. We offer a service globally now that was also launched in the United Arab Emirates (UAE) of Dubai and Abu Dhabi for a number of years related to bridging the gap between US mature businesses and partnering them with emerging businesses in the UAE market.
We have done extensive work across various business sectors from renewable energy to relationship management of Software As A Service projects. We provide mainly intelligence services to arrange and structure how businesses need to operate in this new age of digital engagement and interaction between machines and human being. Some have even started to relate to this as more of Active Intelligence rather than, or, alongside, Artificial Intelligence. We are vastly approaching a period where there will be no separation between Human Beings and online or digital engagement. Basically, your brain is being uploaded daily. Every time you ask a question of Google, visit a website or play that favorite game online, your brain, and behavior is being mapped and profiled.
That leads us to the next big thing, which is what do we want to do with our agency? How does this turn into a business opportunity for the right here and now? Let TLBISBIG walk you through some simple processes and steps to get you from here to there. A better way of saying that might be to ask: how do we help you get to where you want to go or where you want to be 6 weeks, 6 months or a year from now? The following pages will take you on a journey to detail that for you.
Lastly, we offer an exclusive product line of services and goods that are rich in value and will leave residual recurring benefit to our clients and customers. So, explore and see what you find! If you enjoy it, take the journey with us towards the achievement of predetermined, worthwhile goals. We can and will win together!
The Coronavirus is an unpredictable, virally spread infection which can metastasize into the full-blown Covid-19 disease. The problem is broad, wide, and deeply penetrating all levels of society across the entire globe. Of course, there are populations and individuals who are more at risk of getting infected and contracting the disease. Therefore, we need Professional Protective Equipment (PPE) to guard against the destructive nature of the virus, which has taken a toll on the lives of countless people throughout the world. PPE is a commodity whose time has come and at the same time the entire world needs the same items all day every day. This places an inordinate amount of strain on the manufacturing and supply chain area of the system to supply gloves, masks, hand sanitizer, and other mainstream items for frontline line workers in medical care facilities. The same is true for large numbers of workers who must secure their protection via PPE. This provides a prime opportunity for our TLBISBIG Medical Supplies to step into a void within the marketplace and address critical needs in specific communities that are underserved.
Right now, the Coronavirus is on the rampage again as the USA and other countries attempt to open back up and allow for the economy to stabilize. However, this is a big threat to the biological existence of certain people. TLBISBIG Medical Supplies is poised to provide the best prices and quality that communities which are underserved have not been able to secure. It is here where our supply chain and logistics become a key strategic component to leveraging the relationships that we have had in place for years. This will allow us to maximize and target the delivery of PPE to segments of the population who otherwise may not get this much-needed equipment.
Our philosophical approach is wrapped up in the P’s of doing business. First, we have to Plan out exactly what we are attempting to achieve. This has to do with vision around the conceptual framework and practical aspects of an approach that needs to make basic sense to our team as a business and to our customers when it comes to all aspects of the relationship. We must Predict what we think and know the market is going to do and how it is flowing at any given time. This comes down to the buzz phrase of the day -- Big Data Analytics! How we assess and analyze the market and our customer’s needs is really what makes everything tick from logistics to distribution, and right up to the retail sales counter. The Product has to be on point in terms of quality and type, as well as packaging to the customer’s satisfaction and acceptance. Prices change constantly in the age of Covid-19 and we must adapt just as frequently and quickly as is demanded of us. There is, however, one key element that often goes overlooked and it is Partnerships. It is this aspect of relationship building that can make or break a company. We choose to focus on the relationship with our partners and not just how much money we are going to make. It means that the relationship is the most important part of any deal and if we don’t keep that at the core of what we do, nothing else really matters.
Laser-like precision as it relates to our logistics is where we see total separation between what we do at TLBISBIG and what our competition is doing. We place the client or customer relationship at the heart and center of all that we do. Once we are clear as to what our customer’s needs are, we can then move to competitive pricing and deliver service on time to exactly where the customer wants it, right up to their doorstep.
Strategy is not just about how we are going to meet the goals we set; it is also about how we are going to get things done in an efficient and effective manner. This means we are committed to integrated solutions working through a 360-degree feed loop from the ideation all the way through the supply chain, right up until the point the customer receives the product or service they are looking to secure. We want total impact on the bottom line that increases the profits we and our partners are looking to achieve, but not at the customer’s expense.
Internally, whether we are sweeping floors or making calls, every individual is a king or queen in our business castle. We know that we are only as strong as the person we leave behind. We highly regard our administrative and operational team members. Without them we are like a ship tossed about in a terrible windstorm. Everyone can be sure they are valued. We look at each member or associate as a family member and we are just that- family. Our Account Executives are the best and we know we can compete with others who think they are the best in the business of selling PPE and Consulting services. We realize direct and retail sales is a tough business, and it is even more demanding now with the economic disaster related to the Coronavirus. So, we are committed to being the best provider of Medical Supplies and consulting services in the marketplace. We are evolving with our customers and, no doubt, we plan to be here every step of the way to see this through. We plan to be on the other side providing the same quality of service when Covid-19 finally goes away.
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