Condoms to turn costly: Durex supplier Karex set to hike prices by up to 30% as Iran war hits supply chain
Karex Bhd, the world's leading condom manufacturer based in Malaysia, intends to hike prices by 20% to 30%, with further increases possible if supply chain issues from the Iran war persist, its Chief Executive Officer stated on Tuesday. The manufacturer is part of an expanding group of firms, alongside medical glove producers, preparing for logistics bottlenecks. The Iran war is currently choking energy and petrochemical exports from the Middle East, which has severely hampered the sourcing of essential raw ...