BRIEF-Reuters Next - Unilever CEO says global consumption trends to be suppressed in H1
13 Jan 2021 / 23:55 H.
Jan 13 (Reuters) - Unilever PLC:
* CEO SAYS BUSINESS IN NORTH ASIA IS ALMOST BACK TO USUAL
* CEO SAYS PANDEMIC HAS TAUGHT US THAT WE CAN CONVERT FACTORIES TO MAKE WHAT TAKES 2 MONTHS TO 2 DAYS
* CEO SAYS PANDEMIC HAS MADE A LOT OF HEIRARCHY ACROSS ORGANIZATION DISAPPEAR WITHIN COMPANY
* CEO SAYS WE NEVER ANTICIPATE GOING BACK TO A 5 DAY WORK WEEK AT THE OFFICE
* CEO SAYS WE WILL BE STRONGLY ENCOURAGING NOT MANDATING VACCINE TAKING BY EMPLOYEES
* CEO SAYS FOR ANTIVAXXERS , WE WILL RESORT TO TESTING TO ENSURE WORKFLOW CONTINUES
* CEO SAYS WE WILL SEE FIRST HALF OF YEAR TO BE OF SUPPRESSED CONSUMPTION; EXPECT THAT TO COME BACK IN H2
* CEO SAYS WE ARE BACK TO BUSINESS AS USUAL IN EAST ASIA, NOTABLY SINGAPORE AND CHINA
* CEO SAYS AFRICA AND LATIN AMERICA MARKETS HAVE BEEN MORE RESILIENT THAN EXPECTED
* CEO SAYS AT THE MOMENT STILL CANNOT GIVE FINANCIAL OUTLOOK FOR THE YEAR
* CEO SAYS DO NOT EXPECT ANY SETBACKS ON THE MARGIN PERSPECTIVE THIS YEAR
* CEO ON SOCIAL MEDIA SPEND SAYS WE ARE STILL USING SOCIAL MEDIA AS A POWERFUL TOOL IN PLACES LIKE CHINA AND AFRICA
* CEO SAYS "KEEN TO SEE AN ORDERLY TRANSITION OF POWER IN THE UNITED STATES;" DONT MAKE ANY POLITICAL DONATIONS ANYWHERE IN THE WORLD
* CEO SAYS TWO CHANNELS HAVE BEEN REALLY GROWING QUICKLY FOR US IS E-COMMERCE AND THE OTHER IS PROXIMITY RETAIL (CONVENIENCE STORES)
* CEO SAYS IN MARKETS LIKE ASIA PEOPLE ARE SHIFTING AWAY FROM BIG BOX TRIPS TO LOCAL STORES
* CEO ON M&A SAYS "DONT HOLD YOUR BREATH FOR SEEING ANY SIGNIFICANT DISPOSALS IN BEAUTY AND PERSONAL CARE BUSINESS"
* CEO ON M&A SAYS THERE MAY BE SOME CLEANUP OF SMALL BRANDS IN BEAUTY AND PERSONAL CARE, BUT THEY WILL BE MINIMAL IMPACT
* CEO SAYS WE PICK MATERIAL SUPPLIERS BASED ON ESG EFFORTS AND DISPROPORTIONATELY GIVE BUSINESS TO THOSE THAT FOLLOW OUR ESG STANDARDS
* CEO SAYS MORE THAN 50% OF OUR INNOVATIONS CONTAIN IP SOURCED FROM STARTUPS Further company coverage:
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