Condom Maker Prices May Rise Due to Iran War Supply Disruptions
Condom Maker Prices May Rise Due to Iran War Supply Disruptions
Condom maker Karex warns that prices may rise due to supply disruptions from the Iran war. The company's CEO Goh Miah Kiat spoke to Reuters about the ongoing challenges they face. The manufacturer is currently dealing with a shortage of synthetic rubber and has seen input costs for some materials double.
Rising Costs and Supply Challenges
- Higher input costs affecting production
- Rising freight costs leading to delays
- Customers operating with leaner stockpiles
Karex has managed to meet its supply demands thus far. However, if disruptions from the war persist, price increases ranging from 20% to 30% are anticipated. This could significantly impact the affordability of condoms globally.
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