Breaking News
JUST-IN: World’s Largest Condom Maker Set To Raise Prices By Up To 30% Amid Iran Conflict Disruptions
Karex Bhd, the world’s leading c%ndom producer, has announced plans to increase prices by 20–30% due to ongoing supply chain disruptions tied to the Iran conflict.
CEO Goh Miah Kiat explained that rising costs of raw materials and logistics have made the situation increasingly unstable, leaving the company with no option but to pass the burden on to customers. He also warned that prices could climb even higher if the disruptions persist.
Karex manufactures over five billion condoms annually, supplying major global brands and public health institutions, including the UK’s National Health Service and programs run by the United Nations.
At the same time, demand has surged by about 30% this year. According to Goh, this spike is linked to declining global stockpiles, worsened by reduced foreign aid funding from agencies like the USAID.
Since tensions escalated in late February, access to key production materials such as synthetic rubber, nitrile, aluminium foil, and silicone oil has been disrupted. Shipping delays have further complicated distribution, with delivery times to Europe and the United States stretching from one month to nearly two.
Goh noted that many shipments are currently stuck in transit despite urgent demand, with developing countries facing the most severe shortages due to slower supply chains.and Continue Your, Reading. .
-
Breaking News8 months agoBREAKING NEWS: Labour Congress Call For Review Of Minimum Wage, Propose N150,000 Pay For Lagos Workers
-
Entertainment8 months agoBurna Boy Used To Squat In My House – Cubana Chief Priest
-
Breaking News8 months agoALLEGED BLASPHEMY: Angry Youths Kill Female Food Seller In Niger State
-
Entertainment8 months agoPopular Nigerian Comedian, Josh2Funny And Wife, Bina, Welcome Third Son
-
Entertainment8 months agoBBNaija S10: I Was Prevented From Returning To Show Despite Being Medically Fit – Sabrina
-
Entertainment8 months ago[VIDEO] Ibom Air Incident: Comfort Emmanson Opens Up on Traumatic Experience
-
Entertainment8 months agoMedia Personality Toke Makinwa Make Confession On Fearful Pregnancy Journey, Shares Fresh Maternity Shoot
-
Breaking News8 months agoBREAKING: CAC Extends New Fee Regime To October 1
-
Politics8 months agoSoludo Mocks Obi, Declares ADC and LP “Dead” After Anambra By-elections
-
Breaking News8 months agoBukuyum: Air Operations Force Bandits To Release 70 Kidnapped Victims In Zamfara
-
Breaking News8 months agoBREAKING: 1 Israeli Soldier Dead, 9 Injured, 4 Missing
-
Breaking News8 months agoBREAKING: Hamas Captures Israeli Soldiers in Gaza
