Karex Bhd to raise condom prices by up to 30% due to Iran war supply chain disruptions
Here's what it means for you.
Consumers may soon face higher prices for condoms as geopolitical tensions disrupt supply chains.
What happened
Karex Bhd plans to raise condom prices significantly due to the Iran war's impact on supply chains.
The Context
- Karex produces over 5 billion condoms annually and supplies major brands like Durex and Trojan.
- The Iran war has led to increased freight costs and shipping delays, affecting global supply chains.
- Rising production costs are also contributing to the potential price hike.
Takeaway
If the Iran war continues, consumers may face higher prices for condoms and potentially other goods.
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