THE WHAT? Procter & Gamble (P&G) has decided to stop its on-ground operations in and move to an import-based model. This change affects various P&G products, including Always, Pampers, Ariel, Oral B, and Gillette, as announced by CFO Andre Schulten at the Morgan Stanley Global Consumer & Retail Conference.
THE DETAILS P&G’s move comes in response to difficulties in operating as a dollar-denominated business in Nigeria’s challenging economic environment. Although Nigeria contributes $50 million to P&G’s $85 billion portfolio, the company has faced ongoing challenges in the country, including a planned shutdown of a major production plant in 2018 and significant downsizing in 2021.
THE WHY? Nigeria’s economic climate in 2023 has been tough for businesses, with increased operating costs due to policy reforms such as fuel subsidy removal and currency fluctuations. This environment has led several multinational companies, including Unilever Nigeria, GlaxoSmithKline UK, and Guinness Nigeria Plc, to restructure their operations, exit certain markets, or stop importing specific products to cope with the challenges of foreign exchange scarcity and rate instability.
Aesthetic supplies USA refers to products and equipment used in the field of aesthetic medicine and cosmetic treatments that are available for purchase in the United States. These supplies encompass a wide range of items necessary for various aesthetic procedures and treatments conducted by professionals such as dermatologists, plastic surgeons, aestheticians, and other qualified practitioners.
Examples of aesthetic supplies include:
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Dermal Fillers: Injectable substances used to restore volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
