Latest news with #dbAccessGlobalConsumerConference
Yahoo
23-06-2025
- Business
- Yahoo
Clorox to replace 25-year-old tech with new ERP
This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. Clorox plans to start transitioning its U.S. supply chain and other business operations in July to a new ERP system, replacing decades-old technology and significantly boosting productivity, executives said at the dbAccess Global Consumer Conference on June 4. The cleaning products company expects the new system to provide real-time data visibility, better demand planning and "fundamentally modernize the backbone of our operations," EVP and CFO Luc Bellet said. "This is not just an ERP upgrade to the next set of software," CEO Linda Rendle said. "This is building a complete data infrastructure across the company." Bellet acknowledged that ERP transitions are complex undertakings that are "fraught with risk," so Clorox has gotten ahead of potential problems in its supply chain by adding 1.5 weeks of inventory at retailers, which typically hold four weeks' worth of goods. "This will really create a buffer and protect us from any out-of-stock," Bellet said. The inventory build-up will cause temporary disruptions in the company's finances, Bellet said. Clorox will overstate organic sales by 2% to 3% in fiscal year 2025, which ends this month, and will understate sales by an equal amount in the next fiscal year, as retailers sell the additional inventory. Clorox expects its sales to return to normal by fiscal year 2027. The company went live with global finance reporting and planning in the ERP in January. This will allow it to focus on the operational transition in July, Bellet said. Clorox will immediately move order fulfillment and management to the new platform, then transition its manufacturing facilities to the new system over the next six months. The whole ERP project is a five-year, $500 million digitization effort that started in 2021. Clorox expects productivity gains in its supply chain to start in fiscal 2027, Bellet said. ERP upgrades can be costly if they do not go smoothly. For instance, J&J Snack Foods lost $20 million in one quarter in 2022 due to production disruptions caused by an ERP transformation. However, Clorox is confident it won't stumble during its own rollout for several reasons, Bellet said. The company ran pilots of its ERP in Canada last summer that went "very well," according to the CFO. "There were no significant disruptions. But we've got a lot of learnings that we're embedding in our launch." Clorox specifically learned from observing and working with its peers undergoing similar ERP transitions in addition to partnering with consultants and retail partners. Recent ERP transitions by other manufacturers include Mondelēz International's $1.2 billion initiative and Lamb Weston's North American operations shift last year. "So while we're not necessarily proud to be kind of last to the game, that gives us a lot of benefits," Bellet said. Recommended Reading Clorox upgrades 20-year-old ERP for improved data visibility, demand planning Sign in to access your portfolio
Time of India
06-06-2025
- Business
- Time of India
Colgate brushes up plan to woo the great Indian middle class
India will account for probably the biggest contribution to the middle class in the world over the next decade, said Noel Wallace, global chief executive officer at Colgate-Palmolive , adding that the country is its top priority. "Middle class is everything to our businesses. That drives premiumisation. That drives penetration in the categories. That drives per capita consumption. So, long term, we are very bold on India," he said, addressing the dbAccess Global Consumer Conference. "We have seen a little bit of a slowdown in urban (areas). But long term, a huge middle class opportunity. We are well-positioned to go after that, and I think we've got some very clear strategies in place on the ground to deliver on it." The company behind the eponymous toothpaste brand controls half the oral care segment in the country and has seen slowing demand in India. Colgate-Palmolive reported a 2% year-on-year fall in its revenue for the quarter to March, while its net profit declined 7%. Demand for daily groceries and other household and personal products plunged to a two-year low during the March quarter, indicating delayed turnaround for India's fast-moving consumer goods (FMCG) sector. Kantar said FMCG volume sales growth in the January-March quarter was 3.5%, slowest since the 2023 March quarter. A year ago, the market had grown 5.5% during the quarter. "We have seen some slowdown in the urban markets as of late, but the rural market seems to be performing well. We have an outstanding team on the ground that's very digitally forward thinking about where the future is going in that market in terms of both our distribution mechanisms as well as our marketing mechanisms, and we think executing very, very well," said Wallace. Last month, Colgate India said more than two-thirds of urban Indian consumers are facing financial stress , leading to a slowdown in overall consumer demand , including for oral care products while 30% urban consumers are resilient. Earlier this year, Colgate had said India was the most prominent market globally to experience fierce competition among consumer goods companies, marked by steep discounting to attract urban shoppers, indicating sluggish urban demand was forcing companies to engage in bleeding price wars. While most companies keep product prices intact across markets, channels such as ecommerce and modern trade often use their sourcing clout to drive deep discounting. Rivals have been cutting prices or giving promotional offers occasionally at select channels for short-term market share and sales gains. "While Colgate has been able to drive growth in its premium range, reviving growth in core brands remains critical. While the management's guidance entailed a recovery anticipated in the second half of this fiscal, we expect competitive intensity to remain elevated, which should keep margins under pressure," said a report by InCred Equities.
Yahoo
03-06-2025
- Business
- Yahoo
Kenvue Leads S&P 500 Decliners as CEO Points to Seasonal Demand Challenges
Shares of Kenvue (KVUE) led S&P 500 decliners Tuesday after the consumer health giant's chief executive indicated the firm faces seasonal demand challenges. Speaking at Deutsche Bank's dbAccess Global Consumer Conference, Kenvue CEO Thibaut Mongon highlighted the importance of seasonality for its allergy products, like Benadryl and Zyrtec. "We saw a longer winter, so winter pushed spring into later in Q2," Mongon said, according to a transcript provided by AlphaSense. "So we see that on allergy where we saw a later start to the season, and so far, it's below last year." Mongon also noted similar seasonal troubles for its sun protection brands, like Neutrogena and Aveeno. "In sun, we see more or less the same. Late start to the season year-to-date behind last year, but the season has not really started for recreational sun, and Memorial Day weekend was just a few days ago," Mongon said. "It was not great, as you and I could see. But, again, we are just at the beginning of the season. So it's too early to read the season. It will certainly impact Q2." Kenvue shares were down more than 7% in recent trading. With today's sharp declines, the stock's year-to-date gains stand at less than 3%. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
29-05-2025
- Business
- Associated Press
P&G to Webcast Presentation From the Deutsche Bank dbAccess Global Consumer Conference, June 5, 2025
CINCINNATI--(BUSINESS WIRE)--May 29, 2025-- Shailesh Jejurikar, Chief Operating Officer and Andre Schulten, Chief Financial Officer of The Procter & Gamble Company (NYSE:PG) will be featured speakers at the Deutsche Bank dbAccess Global Consumer Conference on Thursday, June 5, 2025 at 8:30 a.m. CEST (Central European Summer Time) / 2:30 a.m. ET (Eastern Time). Media and investors may access the live audio webcast at The webcast will also be available for replay. About Procter & Gamble P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit for the latest news and information about P&G and its brands. For other P&G news, visit us at Category: PG-IR View source version on CONTACT: Media Contact: Henry Molski +1-513-505-3587 KEYWORD: OHIO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FAMILY LGBTQ+ CONSUMER OTHER RETAIL TEENS PARENTING CHILDREN BABY/MATERNITY SPECIALTY OFFICE PRODUCTS FOOD/BEVERAGE RETAIL CONVENIENCE STORE ONLINE RETAIL OTHER CONSUMER DISCOUNT/VARIETY HOME GOODS WOMEN SENIORS RELIGION PETS MEN SOURCE: Procter & Gamble Copyright Business Wire 2025. PUB: 05/29/2025 09:15 AM/DISC: 05/29/2025 09:14 AM
Yahoo
23-05-2025
- Business
- Yahoo
Church & Dwight to Present at the dbAccess Global Consumer Conference
EWING, N.J., May 23, 2025--(BUSINESS WIRE)--Church & Dwight Co., Inc. (NYSE: CHD) announced today that President and Chief Executive Officer Rick Dierker, Chief Financial Officer Lee McChesney, and Executive Vice President of International Michael Read will participate in a fireside chat at the dbAccess Global Consumer Conference on Tuesday, June 3, at 8:45 a.m. ET (2:45 p.m. CEST). A link to the broadcast will be provided through the Investors section of the Church & Dwight's website. Church & Dwight Co., Inc. (NYSE: CHD) founded in 1846, is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda. The Company manufactures and markets a wide range of personal care, household, and specialty products under recognized brand names such as ARM & HAMMER®, TROJAN®, OXICLEAN®, FIRST RESPONSE®, NAIR®, ORAJEL®, XTRA®, L'IL CRITTERS® and VITAFUSION®, BATISTE®, WATERPIK®, ZICAM®, THERABREATH® and HERO®. For more information, visit the Company's website. View source version on Contacts Lee McChesneyChief Financial Officer609-806-1200 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
