COVID-19 Impact on Colgate-Palmolive, H2 2020 Update

Summary

COVID-19 Impact on Colgate-Palmolive, H2 2020 Update key findings as of August 25th, 2020 based on market analysis and brand diversification by industry and geography.

Despite the adverse impact of the coronavirus outbreak on most geographic markets Colgate-Palmolive is present in, the company's recent acquisitions are expected to compensate for a sales decline in North America and Europe. Despite the company's revenues being skewed towards cosmetics and toiletries, the positive outlook for household products across the globe might provide some relief to Colgate-Palmolive.

Scope

• Colgate-Palmolive's primary markets, the Americas and Asia, are struggling to contain the spread of coronavirus
• The COVID-19 pandemic will impact the cosmetics and toiletries industry the most, whereas household products will benefit during the crisis
• Although household products sales are set to witness growth, high dependency on cosmetics and toiletries will hurt overall sales in 2020
• Oral hygiene sector to bear the brunt of negative effects of COVID-19 pandemic, especially in Latin America and Asia
• Renewed focus on household cleanliness among customers to help the company in mitigating losses

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