The world faces a lack of condoms
Industry professionals point out that such a state of things is stipulated to the recent COVID-19 outbreak. People around the world had no way out rather than sitting home and spending time with relatives and their loved ones. Therefore, the expected demand growth took place when it comes to condoms that many people sold like hotcakes.
What is more, the largest condom manufacturers did not expect it. They have failed to produce enough condoms because of falling-off in production. The Malaysian giant “Karex” made an official statement about it. The executive management of the company has gone to extremes cutting production capacity for ten days. This affected three plants that experienced staff reduction and a lack of workforce. These measures resulted in a gap of 100 million units. At the moment, losses are being calculated. On the back of it, dedicated experts agree that it might cause the baby boom in 9 months.
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