COO of Proctor and Gamble: “We face the demand and supply challenges associated with the coronavirus outbreak. China is our second largest market—sales and profit”




“We face the demand and supply challenges associated with the coronavirus outbreak. China is our second largest market—sales and profit. Store traffic is down considerably, with many stores closed or operating with reduced hours. Some of the demand has shifted online but supply of delivery operators and labor is limited. There are also impacts outside of China: travel retail, a significant reduction in department store traffic in many Asian metro areas, and global supply. We access 387 suppliers in China that ship to us globally more than 9,000 different materials, impacting approximately 17,600 different finished product items. Each of these suppliers faces their own challenges in resuming operations. The operating challenges change with the hour, and of course the path of the virus is unknown, making it very difficult to provide precise estimates of impact”. Read more

By Shmingkamsle – Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=29995689

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