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Iran War and Strait of Hormuz Closure Disrupt Gentell's Medical Supply Chain
2 videos · 1 channel · score 2.9k
The Iran war's effective closure of the Strait of Hormuz drives 24-30% raw-material cost increases and shipping delays for medical bandage maker Gentell, profiled in two CNBC segments ten days apart.
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How the Iran war is disrupting the global supply chain
CNBC
The recent escalation of the Iran war is directly impacting Gentell's supply chain, causing raw material costs for medical dressings to rise by up to 30%, according to CEO David Nawaz.
How The Strait Of Hormuz Logjam Is Causing Chaos For Medical Suppliers
CNBC
Iran war closure of Strait of Hormuz triggers 30% raw material cost surge and two-week shipping delays for medical supplier Gentell, with CEO David Navazio warning of cascading price hikes to consumers.