Unilever H1 Benefits From Sanitizer Blitz; Leadership Expects Lasting Hygiene ‘Preoccupation’
Unilever’s leadership is optimistic about its enormously expanded hygiene business – both skin cleansing and home cleaning – inasmuch as it doubts that a full COVID-19 recovery is in sight. The firm launched hand sanitizers in 65 new markets in just five months, helping to offset plunging sales in other areas of its business that were heavily impacted by lockdowns around the world.
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As expected, the National Medical Products Administration has issued four draft subsidiary regulations in rapid succession since publishing China’s new, finalized framework regulation for cosmetic products at the end of June. The documents include Technical Guidelines for Cosmetic Safety Assessment, a topic on which industry has been eagerly awaiting clarity.
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Unilever is not providing fiscal 2020 guidance at the moment amid so many COVID-19 unknowns. However, leadership did offer predictions during the firm’s first-quarter earnings call as to how the pandemic is likely to have lasting effects on consumer behavior and the global marketplace.