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Higher raw material costs have little impact, says McDonald
July 5, 2011
By: TOM BRANNA
Editor
Procter & Gamble CEO Bob McDonald said sales haven’t been hurt so far by an increase in selling prices caused by rising raw-material costs, according to an article in Le Figaro. Specifically, P&G’s spending on raw materials will increase by $1.8 billion this year, although P&G is absorbing 50-60% of that through cost reduction, according to McDonald. However, he added that it will be a few months before the company can be sure that rising costs and prices didn’t imp...
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