Globally, most companies are cutting costs amid inflationary pressures and an uncertain economic environment. And we are confident in our ability to navigate the turbulence," said Alan Jope, chief executive of Unilever, parent of local unit Hindustan Unilever. "It's a real strength for our business, the ability to disaggregate India geographically.
Quincey said affordability - a key driver in emerging markets - helped Coca-Cola achieve around 3 billion transactions in India last quarter.įMCG giant Unilever said it saw a strong quarter of growth in India with positive volumes despite difficult trading conditions. In contrast, "India's economy remains resilient with a strong job market and robust consumption," he said. In Japan, consumers are feeling inflationary pressure for the first time in many years. CEO James Quincey said the reopening of China has led to an increase in business, although consumption is still to recover to pre-pandemic levels. Sales of premium products across smartphones, electronics and apparel have remained resilient ever since the pandemic. "These workers have our deepest respect, and we are humbled to be able to answer their call and provide whatever we can to help during this unprecedented time," Rees said.Demand for daily groceries and essentials rose 3.9% in the March quarter, the highest in two years, largely driven by urban markets as sales in villages improved, according to researcher Kantar.
The shoe company Allbirds also made a generous donation of shoes to health care workers and started an initiative that donates a pair to a medical worker for every purchase. The company has already received 400,000 requests and is committed to fulfilling orders until they run out.Ĭrocs is one of several retailers stepping up to help during the COVID-19 coronavirus pandemic. #CrocsCares /G4fyLe0kQqĬrocs is sending shoes to hospitals and health centers directly, but workers can also request a pair online. Sending love to you, #CrocNation 💚 And sending free shoes to our frontline heroes in healthcare. Now and always, we need to take care of each other. Health care workers around the world are experiencing personal protective equipment shortages. The waterproof, easy to clean, but polarizing shoes in bright colors and fun patterns quickly became popular with health care workers. "The health care industry has always embraced Crocs, but our mantra of ‘Be comfortable in your own shoes’ applies now more than ever, and we want to do more to help our nation’s heroes," Crocs CEO Andrew Rees said in a press release.įirst launched in 2002, Crocs were originally made for boating.
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