J Sainsbury plc has warned that the conflict in the Middle East will impact both our customers and our business, raising the prospect of lower profits this year as geopolitical pressure feeds through into household budgets and supply chains.
Karex is seeing a surge in condom demand as rising freight costs and shipping delays have left many of its customers with lower stockpiles than usual. The situation is definitely very fragile, prices are expensive. We have no choice but to transfer the costs right now to the customers.
Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran. The 60-day waiver for the Jones Act aimed to lower energy costs but has had little impact on oil prices, which continue to rise amid the ongoing conflict.
