US Edition
Iran War Could Push Prices for Lipstick, Crayons, Toys and More
Suppliers said material costs rose 10% to 15% as disruptions to global oil supplies spread through plastics, packaging and shipping, companies said.
- Ongoing conflict in Iran constrains oil shipments from the Middle East, disrupting supplies for Petrochemicals used in more than 6,000 consumer products, according to the Department of Energy.
- Petroleum derivatives are fundamental to manufacturing even plush toys like Snuggle Glove, Bizzikins, and Wobblies; these creatures developed in Fort Lauderdale, Florida rely on synthetic fibers derived from Petroleum.
- Three weeks after the war started, suppliers in China notified Aleni Brands that materials were costing 10% to 15% more, CEO Ricardo Venegas said.
- Consumers may pay higher prices for food and furniture due to rising transportation costs, while Travelers face increased airfares as airlines respond to surging jet fuel prices.
- "I think this situation demonstrates how much oil permeates throughout our system, and we can't get away from it," Venegas said, highlighting the systemic nature of oil dependencies across manufacturing.
32 Articles
32 Articles
Iran war could drive up costs for petroleum-derived products like clothes and crayons
NEW YORK — It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings are not immune when oil shipments from the Middle East are constrained.
Iran war could push prices for lipstick, crayons, toys and more
NEW YORK — It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings are not immune when oil shipments from the Middle East are constrained.
The Iran War Could Drive up Costs for Petroleum-Derived Products Like Clothes and Crayons
NEW YORK (AP) — It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings are not immune when oil shipments from the Middle East are constrained. Like many soft toys, the creatures developed by a manufacturer in Fort Lauderdale, Florida, […]
It could be difficult to imagine that the war with Iran weighs on plush toys with names like Snuggle Glove, Bizzikins and Wobblies, but not even soft dolls are immune when oil shipments from the Middle East are restricted. Like many soft toys, creatures developed by a manufacturer in Fort Lauderdale, Florida, are made from polyester and acrylic, synthetic fibres derived from oil. Three weeks after the war began, suppliers in China notified Aleni…
From jet fuel to chewing gum, oil surge drives broader price pressure
It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings are not immune when oil shipments from the Middle East are constrained. Like many soft toys, the creatures developed by a manufacturer in Fort Lauderdale, Florida, are made with polyester and acrylic, synthetic fibers derived from petroleum. Three weeks after the war started, suppliers in China notifi…
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