"Karex's CEO, Goh Miah Kiat, stated that they have to increase prices by up to 30% due to rising costs of synthetic rubber and nitrile, alongside freight and shipping costs."
"Goh noted that the condom market was already facing shortages earlier this year, following extensive cuts to USAID, which will disproportionately affect developing countries."
"He mentioned that many condoms are currently sitting on vessels that have not arrived at their destination but are highly required, indicating severe supply chain issues."
"In October, approximately $10 million worth of contraceptives, including about 26 million condoms, were allowed to go to waste, showcasing the consequences of foreign policy decisions."
The illegal attack on Iran has caused significant disruptions in the global economy, particularly affecting the condom industry. Karex, the largest condom producer, announced a price increase of up to 30% due to rising costs of key materials and shipping. The situation is exacerbated by previous shortages and cuts to USAID, impacting developing countries the most. Many condoms are delayed in transit, and a substantial amount of contraceptives has gone to waste, highlighting the broader implications of foreign policy decisions on public health.
Read at Jezebel
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