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Topic Started: Jun 8 2018, 08:56 AM (6 Views)
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Procter & Gamble must do more to improve overall sales in Russia and China Mickey Mantle Yankees Jersey , according to the company's chief financial officer, and it has a "disproportionate" amount of work to do in developed markets to revive beauty product sales, once one of its most profitable ventures.


P&G is on track to log 40 percent of its sales in emerging markets by the end of the fiscal year, double the percentage from a decade ago. But it's lagging rivals like Unilever and Colgate, CFO Jon Moeller said Wednesday at a Deutsche Bank investor conference in Australia.


While sales and market share improvement are on track in Brazil and India, those trends "haven't turned the corner yet" in China, he said.


And in Russia, the company is adjusting pricing and playing up coupons to compete.


In more developed markets, Moeller acknowledges that there is a long way to go.


Pantene and Olay, the company's biggest beauty brands, account for $5 billion in global sales but have been losing market share.


"We know it, we're working hard to fix them," Moeller said. "Major changes in momentum of brands this big don't happen overnight. It will take some time."


The consumer products company, which also makes Tide detergent and Crest toothpaste, is now introducing more premium-priced and lower-priced hair care items and also a Fresh Effects for Olay line, aimed at younger consumers.


The company is on track or ahead of schedule in all areas to cut $10 billion in costs by 2016, Moeller said. P&G had trimmed 6,700 non-manufacturing jobs by the end of May, 1,000 more than its target. But it puts the company closer to cutting its overall work force by 2 percent to 4 percent each year for the next three fiscal years, he said.


A.G. Lafley, who reclaimed the CEO job last month from Bob McDonald, is "committed to drive and accelerate" P&G's restructuring plan, Moeller said.


Asked whether Lafley was brought back from retirement because the company's succession plan was inadequate, Moeller said that wasn't the case.


"His coming back reflects the board's judgment at this point in time he's the best person for job," Moeller said. "That doesn't reflect necessarily a vacuum of leadership."


Shares of Procter & Gamble Co. fell 19 cents to $77.93 in midday trading.


(Agencies)


WASHINGTON, Jan. 30 (Xinhua) -- U.S. President Donald Trump on Tuesday night called for bipartisanship over an immigration overhaul after a year of partisan battles.

  U.S. President Donald Trump(L) delivers his State of the Union address to a joint session of Congress on Capitol Hill in Washington D.C., the United States, Jan. 30, 2018. (XinhuaYin Bogu)

Delivering his maiden State of the Union address, Trump said that his administration had met with both Democrats and Republicans to craft a bipartisan approach to immigration reform, adding that both chambers of Congress will vote on a package over the next few weeks.


His remarks came amid tough negations between Democrats and Republicans over the fate of so-called Dreamers, recipients of the Deferred Action for Childhood Arrivals, a program that shields them from deportation but was terminated by Trump last year.


An impasse between bipartisan lawmakers over this issue led to a government shutdown earlier this month and could trigger another in the coming weeks if their divide remains unresolved.


"It is time to reform these outdated immigration rules, and finally bring our immigration system into the 21st century," Trump said in his remarks. "So let us come together, set politics aside, and finally get the job done."


Meanwhile, Trump detailed his proposals on immigration legislation, which has four pillars as already revealed last week by the White House, including a path to citizenship for nearly two million illegal immigrants, as well as a wall and more immigration agents on the southern border with Mexico to secure the border.

  U.S. President Donald Trump delivers his State of the Union address to a joint session of Congress on Capitol Hill in Washington D.C., the United States, Jan. 30, 2018. (XinhuaYin Bogu)

The president's plan also included an end to the "visa lottery" and "chain migration" while adopting a merit-based immigration system in favor of applicants with skills his country needs.


Trump said that those pillars "represent a down-the-middle compromise, and one that will create a safe, modern, and lawful immigration system."


However, Democratic lawmakers jeered when Trump was laying out those proposals.


by Xinhua writer Chen Wenxian


JERUSALEM, Jan. 30 (Xinhua) -- China's growing cybersecurity market has attracted more attention from global companies including those from Israel, which is strong in the cybersecurity sector.


Chinese cybersecurity market is huge and growing, not only because of its huge population of computer users, but also its deepening connection with the digital world, said Jony Fischbein, head of the Technical Marketing & Innovation of Check Point Software Technologies Ltd., the largest network cybersecurity vendor globally.


During an interview with Xinhua at the Cybertech 2018 being held in Tel Aviv, Fischbein said his company is "more than keen to cooperate with Chinese partners on how to protect the next wave of cyber attacks."


As the cyber world becomes increasingly connected, the risks of more advanced attacks disrupting the cyberspace are no longer a science fiction.


To protect cyber security and order requires global cooperation, especially when the world is being connected in the era of the IoT (Internet of things), most experts and industrial leaders attending the Cybertech 2018 agreed.


Yigal Unna, director general of Israel's National Cyber Directorate in the Prime Minister's Office, emphasized the importance of global cooperation in the cybersecurity sector. Cheap Wholesale Jerseys Cheap Jerseys From China Cheap Jerseys From China Cheap Jerseys From China Wholesale Jerseys Wholesale Jerseys China Wholesale Hockey Jerseys Wholesale Soccer Jerseys China Wholesale NFL Jerseys China Wholesale NFL Jerseys China

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