Gentell CEO details up to 30% raw material cost jumps tied to Hormuz disruption

Medical supply manufacturer Gentell says disruption around the Strait of Hormuz has pushed some raw material costs up by as much as 30% and raised transportation expenses. The company's CEO David Navazio said shipping a container from New Zealand to California is now about $4,500 versus about $2,000 before the war, while Gentell faces near-term margin pressure and limited ability to reprice annually set government-linked contracts.