https://archive.ph/xVJ93This is when Custard and Judge Judy start getting pissed!
The Iran war’s economic shockwaves have now hit condoms.
Karex Bhd., which makes one out of every five condoms worldwide, is preparing to raise its prices by as much as 30% as the continuing conflict destabilizes supply chains and drives up expenses, Chief Executive Officer Goh Miah Kiat said in an interview with Bloomberg News.
The surge in condom costs underscores how the Middle East war, which has already upended energy markets and raised prices for food to fertilizers, is disrupting virtually every aspect of life for consumers.
The Malaysian company churns out about five billion condoms a year for brands such as Durex as well as its own labels, including ONE Condoms and Carex.
The condom price hike will take place within the next few months, Goh said. “We have been in the process of adjusting prices with most of our customers, and this is definitely one of the biggest price adjustments we’ve done in a very long time,” he said.
Production costs for the world’s largest condom maker have climbed by about 25% to 30% since the war started as shortages of oil-derived chemicals and higher raw material prices rippled through the supply chain, Goh said. The disruptions are also pushing up the cost of condom wrappers and lubricants, he said.
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