Unilever CEO Jope on Prices, Raw Materials, Revenue

The transcript discusses Unilever's performance amidst inflationary pressures, highlighting strategic pricing and consumer behavior. It covers input costs, supply chain challenges, and operations in Russia, emphasizing compliance with international sanctions. The company focuses on maintaining growth and investor confidence while navigating economic uncertainties.

What has been a key driver of Unilever's growth in the challenging cost environment?

• Expansion into new markets

• Increased advertising

• Reduction in workforce

• Strategic choices and pricing

How is Unilever addressing the risk of consumers switching to cheaper brands?

• By offering discounts

• By reducing product quality

• By providing a range of products at different price points

• By increasing marketing efforts

What consumer behavior is Unilever observing in response to inflation?

• Consumers are both uptrading and downtrading

• Consumers are not changing their buying habits

• Consumers are avoiding Unilever products

• Consumers are only buying premium products

Which category has seen higher price increases due to exposure to the chemicals market?

• Beverages

• Home care products

• Personal care products

• Food products

What is a significant challenge Unilever faces in its supply chain?

• High transportation costs

• Shortage of agricultural commodities and vegetable oils

• Increased competition from local brands

• Lack of skilled labor

What is Unilever's primary concern regarding its operations in Russia?

• Maximizing profits

• Expanding market share

• Launching new products

• Complying with international sanctions and ensuring employee safety

How has Unilever's decision to avoid transformational acquisitions been received by shareholders?

• It has been ignored

• It has been met with skepticism

• It has been criticized

• It has been welcomed