Company sells 80 used tissues

Representative image Small Fast Moving Consumer Goods (FMCG) companies that operate at regional levels are struggling in the face of unprecedented inflation across categories. Several of these companies have witnessed a slump in sales, according to data from Kantar, the data analytics and brand consulting firm, despite the overall categories posting growth. For instance, Ponvandu and Oorvashi, noted South Indian detergent bar brands, lost 17 percent and 8 percent of their sales by volume, respectively, in February, March and April compared to the same period last year, shows data from Kantar. The overall detergent bar category, however, grew 2.3 percent in the period, according to Kantar. Other local brands are in a similar situation. (As shown below) Close Small brands ideally are expected to gain out of inflation, which typically prompts consumer to switch to smaller and cheaper versions when confronted with price hikes in products of daily use. The … [Read more...] about Small FMCG companies struggle despite consumers switching to cheaper products

SINGAPORE, June 26 (The Straits Times/ANN): While reducing carbon emissions will help manage the extreme weather conditions that have led to food price spikes in South-East Asia, this transition to a lower carbon future could come with its own costs, one think-tank said. Global forecasting firm Oxford Economics estimated that the costs of producing food could go up by as much as 80 per cent in countries such as Indonesia by 2050, as governments implement measures aimed at achieving net zero. This is if regional authorities do not also introduce initiatives to mitigate the impact to the food supply chain, said Oxford Economics Asian macro consulting head Tom Rogers, during a webinar on Thursday (June 23). The webinar, hosted by Oxford Economics, discussed findings from a study into the impact of climate change on food prices. The study, commissioned by industry body Food Industry Asia and conducted by Oxford Economics, found that heatwaves in Thailand in December 2014 and in … [Read more...] about South-East Asia’s food production costs could go up by 80% in sustainability drive, says Study

Naveen Kulkarni of Axis Securities The sense on the Street is that India's banking shares could be a big mover over the next 12 months, as all the positives start getting priced in. In conversation with Moneycontrol, Naveen Kulkarni, Chief Investment Officer at Axis Securities also believes that the picture for Indian IT sector 'remains quite complex' at this juncture. He advices investors to be selective, and also to wait for another quarter to understand the changing trends here. Here's the full interaction. Do you think the new-age tech companies will delay their IPO plans, especially after already-listed new-age companies were hit quite badly in the recent turmoil and corrected more than others? The market has changed for technology companies after the significant correction seen on the Nasdaq. As central bankers around the world try to manage the liquidity - which is fuelling global inflation - the cost of funds will continue to rise. This will have the most … [Read more...] about Daily Voice | FII selling may now abate, banks ripe for up move over 12 months

Last week, I wrote about how to avoid ending up with inventory you cannot sell . But let's say that's exactly what you have: A garage stacked with boxes of product you thought consumers needed, but have had trouble getting off your hands. In my experience, this is not uncommon. For more than 15 years now, I've been hearing a version of the story below. You have this great idea for a new product you believe everyone wants. So you file a patent application, which, after it issues and all is said and done, ends up costing you about $15,000. You work with a manufacturer overseas to produce the minimum amount required for an order, which runs you between $20,000 and $50,000. You pay a professional to help you set up your website and begin selling on Amazon, which you perceive to be a low-cost course of action. All in all, by the time you're in business, you've made a major financial investment. But without the marketing to back it up, the reality is, finding your … [Read more...] about What to Do With All That Inventory You Can’t Sell

The race to save the planet has given an urgency to corporate efforts to make and deliver net-zero carbon commitments. But for their companies to be truly sustainable, CEOs must focus not only on the E in ESG but also on the S and the G. Human rights, workplace safety, fair pay for a fair day’s work, ethical business practices—these are just a few of the social and governance issues that CEOs must address in their company and in the companies they do business with—their suppliers. advertisement advertisement This is not just about complying with regulations. It is about fulfilling the terms of an unwritten social license to operate. But doing the right thing is hard. To help CEOs, we have identified a series of actions that they should instruct their CPO and the procurement team to take in order to address social and governance issues. To start with, companies should set out their social and governance expectations in their supplier code of conduct, … [Read more...] about To truly address ESG, your company has to also consider its suppliers

Share to Twitter Share to Linkedin The head of Hyundai Motor North America declared his company's electric vehicle progress is making strides towards “trying to get closer to Tesla,” the EV market leader. José Muñoz, Global COO, Hyundai Motor Group, President and CEO, Hyundai Motor North America, made his remarks as the company broke ground on a new vehicle testing complex adjacent to its technical center near Ann Arbor, Mich. The facility that will be known as the New Safety Test Investigation and Laboratory (STIL) represents Hyundai meeting a major condition of a consent agreement with the U.S. National Highway Traffic Safety Administration stemming from issues with how the company dealt with a series of vehicle fires. According to the November 27, 2020 agreement “The consent orders reflect the agency’s assessment that both Hyundai and Kia conducted untimely recalls of over 1.6 million vehicles equipped with Theta II engines, and inaccurately … [Read more...] about Hyundai Chief Targets Tesla As Company Breaks Ground On Government-Ordered Test Site

Share to Twitter Share to Linkedin What would you do if you had 7,500 applicants for jobs at your company? Most of us would feel a bit overwhelmed, but then we’d start trying to figure out how so many people decided to apply. If you’re Apple or Tesla it makes sense; for a small startup with about 250 employees that makes a sales scheduling app, it was quite a shocking discovery. The reason it all worked so well? They posted a handful of TikTok videos, then watched as many of them went viral. Now, before you scoff at that and come to the conclusion that there must have been a dancing bear telling jokes or a celebrity like Ryan Gosling involved, the truth is even more puzzling. A startup called Chili Piper posted videos of real employees acting like real people, often with a trending song in the background and a few well-placed captions. “People engage with our TikTok videos because they showcase the perks of fully remote work and because we are … [Read more...] about How A Tech Startup Attracted 7,500 Job Applicants Using TikTok Videos

TTK Prestige on Monday said it will acquire a majority 51 per cent stake in Ultrafresh Modular Solutions, a move which will help the leading kitchen appliances company into the fast-growing modular kitchen solutions segment. The company has invested around Rs 20 crore to acquire a 40 per cent stake and would put around another Rs 10 crore to acquire a majority 51 per cent stake in Ultrafresh Modular Solutions, said TTK Prestige Managing Director Chandru Kalro. "With this, we are foraying into the modular kitchen solutions segment," Kalro told PTI. The acquisition is in line with TTK Prestige's overall goal of becoming a total kitchen solutions brand. "Idea is to get into the kitchen modular space, which is a very adjacent category to what we are doing and it's part of our vision document, which says that we want to do Rs 5,000 crore business by FY25 and out of this, Rs 1,000 crore will come through inorganic acquisition and this is one of them," Kalro added. Ultrafresh Modular … [Read more...] about TTK Prestige acquires 40% stake in Ultrafresh Modular Solutions

DoorDash Inc. ( DASH ) opened for trading on the NYSE at 12:43 p.m. on Wednesday, Dec. 9, coming public at $182. The initial public offering (IPO) was priced at $102, but strong demand induced lead underwriters The Goldman Sachs Group, Inc. ( GS ) and JPMorgan Chase & Co. ( JPM ) to offer a higher price. The close at $189.51 translates into a market valuation of $60.2 billion, or about twice as high as rival Uber Technologies, Inc. ( UBER ) on a revenue basis. Key Takeaways DoorDash came public at $182 on Wednesday and closed at $189.51. The IPO opening print can be used to define support or resistance , depending on short-term momentum. This magnetic price level can come into play months or years after a company comes public. The company booked $1.9 billion in revenue in the first nine months of 2020, more than triple the $587 million earned in the same period in 2019. It posted a net loss of $149 million, much lower than last year’s $533 million … [Read more...] about DoorDash (DASH) Opening Print Could Offer Profitable Trades

Share to Twitter Share to Linkedin Madison Reed, the prestige beauty brand that revolutionized the hair color industry, has raised $33 million in new financing led by Sandbridge Capital, with participation from Marcy Venture Partners. The company plans to further its omnichannel expansion of hair color bars and retail locations and continue its investments in product innovations. The company which was founded by its current CEO, Amy Errett in 2013, has grown its business portfolio from a direct-to-consumer brand to an expansive omnichannel powerhouse including continued direct-to-consumer sales, its own retail salon locations, and partnerships with retailers like Ulta Beauty ULTA . The Hair Color Bar locations have expanded to include over 60 nationwide. Madison Reed has interacted with more than 5 million customers since launching. Access to high-quality Smart 8-Free hair color In an interview with Errett, she discussed how Madison Reed’s goal is … [Read more...] about Madison Reed Secures $33 Million To Fund Its Omnichannel Expansion