Procter & Gamble

Truckers, shippers warn against delaying container fee rule

WASHINGTON — Drayage truckers and shippers are pushing hard against a request by container ship operators to delay a recent rule regulating how containers can be billed, warning the Federal Maritime Commission that such a move would lead to supply chain havoc.

The Ocean Carrier Equipment Management Association (OCEMA), which represents 10 of the largest international ocean carriers, argued in its petition to the FMC that because the agency made a correction to its final rule on demurrage and...

https://www.freightwaves.com/news/truckers-shippers-warn-against-delaying-container-fee-rule

2022 Shipper of Choice profile: Procter & Gamble

The Shipper of Choice award, presented by FreightWaves in partnership with TriumphPay, recognizes the manufacturers, distributors and retailers that do the best job of keeping the American economy moving by fighting driver detention, providing accessible facilities and understanding what it takes to remove inefficiencies from the supply chain.

Among the top 25 Shippers of Choice for 2022 is … Procter & Gamble.

About Procter & Gamble
HeadquartersCincinnati
Fiscal 2022 revenue$80.18 billion

https://www.freightwaves.com/news/2022-shipper-of-choice-profile-procter-gamble

Tampon shortage latest impact of supply chain issues

Nearly empty store shelves show tampons are in short supply.

At the beginning of the pandemic, it was hand sanitizer and toilet paper. In recent weeks, baby formula has been hard to come by thanks to supply chain disruptions. Now, women are finding empty shelves when they go to the store to buy tampons.

Inflation on necessities and supply chain disruptions are hitting women hard. Approximately 70% of menstruating women use tampons every month. When women can find them, the feminine hygiene products have risen in price.

Bloomberg reported that average...

https://www.freightwaves.com/news/tampon-shortage-latest-impact-of-supply-chain-issues

CPG margin pressure no longer surprises Wall Street

Procter & Gamble highlights the combination of commodity, freight and foreign exchange as having a combined 22% headwind on core EPS in its fiscal 2022 (ending June 30). The company’s organic sales grew 10% in its just-reported fiscal Q3 2022, broken down into pricing, volume and sales mix contributing 5, 3 and 2 points, respectively. Despite 5% higher prices and 170 basis points in productivity savings, the company’s core gross margin contracted 400 bps. The implication is that the company’s...

https://www.freightwaves.com/news/cpg-margin-pressure-no-longer-surprises-wall-street

The Stockout: CPG companies highlight forthcoming price increases

In past editions of The Stockout, I’ve discussed cost inflation trends, which I believe is the industry’s largest issue currently aside from pandemic-related structural changes in demand. In recent days, many of the large CPG companies provided additional detail on pending price increases to pass those costs on to consumers. While that’s not a surprise, it is notable that inflation in CPG costs is higher than we have seen recently, with companies indicating that forthcoming price increases will...

https://s29755.pcdn.co/news/the-stockout-cpg-companies-highlight-forthcoming-price-increases