Top Condom Maker Karex to Raise Prices Up to 30% Due to Iran War Impact
Karex, the world's largest condom manufacturer, announced plans to increase prices by up to 30%. The company attributes the sharp price hike to supply chain strains exacerbated by the impact of the Iran war.
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World's top condom maker Karex to raise prices sharply as Iran war strains supply chain - Reuters
World's top condom maker Karex to raise prices sharply as Iran war strains supply chain Reuters
Read full article →World’s top condom maker to raise prices by up to 30% over Iran war impact
Malaysia’s Karex, the world’s top condom producer, plans to raise prices by 20 per cent to 30 per cent and possibly further if supply chain disruptions drag on due to the Iran war, its chief executive said on Tuesday. Karex is also seeing a surge in condom demand as rising freight costs and shipping delays have left many of its customers with lower stockpiles than usual, CEO Goh Miah Kiat told Reuters in an interview. “The situation is definitely very fragile, prices are expensive … We ha...
By Reuters
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