Abstract

Despite some brightening on the economic horizon, “significant clouds of uncertainty” still loom, creating hardship for consumers and putting them on the lookout for value in the products they buy. That was the sobering outlook delivered by Jeffrey P. Ansell, chief executive officer of the laundry detergent maker Sun Products, at the American Cleaning Institute’s (ACI) annual meeting in Orlando earlier this month. U.S. retail sales of cleaning products have been flat to declining for the past several years, Ansell said. “The bottom line is the economically pinched consumer today is contributing to the slowest growth in wash loads in years,” he told a breakfast session at the ACI conference. But ever optimistic, Ansell declared that the solution to anemic growth is innovation to meet the needs of empty-nest baby boomers who are downsizing and millennials who want time-saving products. He and other executives at the conference insisted that breakthroughs ...

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.