Middle East war spreads to condoms! Prices increase by 20% to 30%

According to a report by Reuters on the 21st, Goh Miah Kiat, the CEO of Karex, the world's largest condom manufacturer based in Malaysia, said on Tuesday that due to the ongoing impact of the Middle East situation on the supply chain, the company plans to raise product prices by 20% to 30%. If the supply chain disruption continues in the long term, further price hikes may be implemented. Goh Miah Kiat stated that due to the increase in shipping costs and shipping delays, a large number of customer inventories are below normal levels, leading to a surge in demand for condoms. "This year, condom demand has increased by 30%." Data shows that Karex produces over 5 billion condoms annually, supplying well-known brands such as Durex and Trojan.