00:01Carex Berhad, the world's top condom producer, plans to raise prices by 20 to 30 percent
00:08and possibly further if supply chain disruptions drag on due to the Iran war.
00:14Carex is also seeing a surge in condom demand as rising freight costs and shipping delays
00:21have left many of its customers with lower stockpiles than usual.
00:25Oil prices just impact everything from transportation into materials in plastics that we use.
00:32In terms of raw materials, number one, in terms of key chemicals that we're currently using as well.
00:38But there is also a lot in terms of impact towards the packaging of products that we've been using.
00:44So plastics is in almost everything that we have in terms of the aluminium foils, shrink flams
00:50and also in terms of the silicon oil as well.
00:54The situation is definitely very fragile.
00:57Prices are expensive.
01:00We have no choice but to transfer the costs right now to the customers
01:08because likewise we are all trading in dollars
01:13and the dollar-ringgit situation has also not been very helpful for exporters.
01:19Carex produces over five billion condoms annually and is a supplier to leading brands like Durex and Trojan.
01:27Carex joins a growing list of companies, including medical glove makers, bracing for supply chain bottlenecks
01:34as the Iran war strains energy and petrochemical flows from the Middle East, disrupting procurement of raw materials.
01:49Carex joins a very finalement.
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