www.zerohedge.com BY TYLER DURDEN
Lockdown restrictions are being lifted worldwide, including in the U.K., South Africa, and Switzerland, among other countries, which has been a positive sign for the world’s largest condom-maker.
Karex Berhad, a Malaysian condom manufacturer, responsible for 20% of the world’s condom production, wrote in a filing Monday that increased vaccination rates, easing economic restrictions, and societies returning to normal will drive increased social interactions, therefore demand for its condoms and lubricants, according to a business and investment weekly journal called The Edge Media Group.Â
Months after the virus pandemic struck. The company warned that the disruption of complex supply chains and factory shutdowns would produce “devastating” consequences, such as a condom shortage. Though one never materialized, Karex reported sales plunged as much as 40% during lockdowns. Now, the company has ramped up production to near capacity at two plants, one in Malaysia and the other in Thailand.
