Top Condom Maker to Raise Prices Up to 30% as Iran War Disrupts Plastic Supply Chain

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The world’s largest condom manufacturer, Karex, has announced a major price hike of up to 30% as the ongoing Iran war disrupts global supply chains.  Rising costs of petrochemical-based materials like synthetic rubber, nitrile, and plastic packaging are forcing the company to pass expenses on to consumers. Shipping delays and higher freight costs have also doubled delivery times to key markets like Europe and the United States.    #News #NewsFeed #IranWar

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00:02The situation is definitely very fragile.

00:05Prices are expensive.

00:07We have no choice but to transfer the cost to the customers.

00:15We do see some shortages in synthetic rubber.

00:21Nitrile has been rather short.

00:22We are still able to get supply.

00:24However, prices have already doubled.

00:27We are looking currently in the range of 20-30%.

00:32An increase in terms of our pricing to our clients.

00:36This is what we are seeing right now.

00:38We are not sure if this trend continues to escalate.

00:42We will then have to pass more to our clients.

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