Reckitt Benckiser Group plc
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World's Largest Condom Manufacturer Raises Prices by 20-30% Amid Supply Chain Tightness from Iran War
Wallstreetcn·- Karex Bhd, the world's largest condom manufacturer, plans to increase prices by 20% to 30% due to rising raw material costs linked to the ongoing conflict in Iran, which has disrupted supply chains. - The surge in global condom demand, approximately 30% this year, coupled with shipping delays, poses significant risks of shortages in the market, impacting major clients like Durex and the NHS. - CEO Goh Miah Kiat indicated that unless supply chain issues are resolved, further price increases may be inevitable, affecting public health procurement costs globally.