Global Condom Shortages Loom as Top Supplier Warns of Price Hikes In a move that could have far-reaching consequences for public health and personal protection, Malaysia's Karex Bhd, the world's largest condom producer, is planning to raise prices by as much as 30% due to supply chain disruptions caused by the ongoing Iran war. The company, which supplies leading brands like Durex and Trojan, as well as the NHS, is also experiencing a surge in demand for its products as rising freight costs and shipping delays leave customers with lower stockpiles than usual. With over 5 billion condoms produced annually, Karex's price hike could exacerbate existing shortages and make essential reproductive health products more expensive for consumers. As the situation continues to unfold, concerns are growing about the potential impact on public health and access to vital protection.
Karex produces more than 5 billion condoms annually and is a supplier to leading brands like Durex and Trojan, as well as the NHS The world’s top condom producer, Malaysia’s Karex Bhd, plans to raise prices by 20% to 30% and possibly further if supply chain disruptions drag on due to the Iran war, its chief executive has said.Karex is also seeing a surge in condom demand as rising freight costs and shipping delays have left many of its customers with lower stockpiles than usual, CEO Goh Miah Kiat told Reuters in an interview on Tuesday. Continue reading...
