Gillette Writedown Was Due to Foreign Exchange, Says P&G Vice Chairman

The transcript discusses PNG's restructuring efforts, focusing on the Gillette business's market performance and challenges. It highlights the impact of foreign exchange and consumer habits on Gillette, and the company's strategies to protect other categories. The discussion also covers balancing scale with niche market trends, growth strategies through M&A and organic growth, and the effects of foreign exchange and trade wars on PNG's global operations.

What was a significant factor in the recent billion-dollar write-down of the Gillette business?

• Poor marketing strategies

• Increased competition from new entrants

• 14 years of foreign exchange impact

• Decline in consumer interest in shaving

How does PNG plan to address the tension between being a scale player and catering to niche markets?

• By focusing solely on large-scale products

• By ignoring niche markets

• By growing both core and niche segments

• By reducing marketing efforts

What is a key component of PNG's strategy to maintain market position?

• Reducing product quality to cut costs

• Building core categories with superior products

• Eliminating niche market products

• Focusing only on offline sales

What strategy does PNG use to manage the impact of foreign exchange rates?

• Implementing a productivity program to reduce costs

• Increasing product prices globally

• Reducing the number of global operations

• Focusing only on the US market

What is PNG's stance on trade wars and their impact on business?

• Trade wars have no impact on PNG

• Trade wars significantly affect PNG's PNL

• PNG benefits from trade wars

• PNG supports free and open trade