WD-40 says Iran War massively inflated input costs

US maintenance products manufacturer WD-40 said some specialty chemical sourcing costs doubled in the latest quarter after the Iran conflict pushed up oil prices and disrupted supply chains. The company said higher costs prompted price increases in APAC and Europe, while earlier pricing actions protected the US market. WD-40 expects raw material inflation to ease gradually and is using alternative shipping routes and other measures to maintain supply. (Supply Chain Dive)