CINCINNATI - Procter and Gamble, which has reported record third quarter sales as consumers stay at home and stock up on household essentials such as toilet paper, is moving forward with its plan to produce ten million face masks per month at converted diaper facilities across the world.
P&G’s CFO Jon Moeller said that the company is currently in the process of building out production capabilities for face masks in both China and the USA and will soon be producing them in Europe and Africa as well.
The company has also started delivering plastic face shields to front-line medical workers in hospitals grappling with new coronavirus cases. These were conceived, designed, produced and delivered in just 14 days and are being manufactured at the company’s Cincinnati area and Boston manufacturing plants. P&G officials say they expect to make hundreds of thousands of the shields in the coming weeks and will work with hospitals and government agencies to funnel supplies where needed.
Despite record sales up 10% for the last three months, the company has cut its revenue forecast for fiscal 2020, citing damaging headwinds from foreign currency.
Moeller said that the coronavirus pandemic could spark permanent changes in consumer behaviour when it comes to certain products.
“We will serve what will likely become a forever-altered health, hygiene and cleaning focus for consumers who use our products daily or multiple times each day,” he said.
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