"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."
"Since the conflict began in late February, Karex has seen costs increase for everything from synthetic rubber and nitrile used in manufacturing condoms to packaging materials and lubricants such as aluminium foils and silicone oil."
"Demand for condoms has risen about 30% this year, with shipping disruptions further exacerbating shortages. Karex's shipments to destinations such as Europe and the United States are now taking close to two months to arrive, compared to a month previously."
Karex Bhd, the world's leading condom producer, intends to increase prices by 20-30% due to supply chain issues stemming from the Iran war. The company is experiencing heightened demand as customers face lower stockpiles amid rising freight costs and shipping delays. CEO Goh Miah Kiat noted that costs for raw materials and packaging have surged since the conflict began. Karex produces over 5 billion condoms annually and is addressing the growing demand while managing supply chain challenges, with shipments now taking longer to reach destinations.
Read at www.theguardian.com
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