'We think that there's going to be substantial improvement this summer,' Clorox chairman and CEO Benno Dorer said in an interview. 'It's going to be touch and go until then, unfortunately.'
Clorox says retail shelves will not be fully stocked with its popular wipes and other disinfectant cleaners used to combat COVID-19 until this summer.
Manufacturers like Clorox were not prepared for skyrocketing demand in a sleepy sector with reliably steady sales that usually fluctuate only during flu season.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney CEO Bob Chapek Promises COVID-19 Furlough Employees Will Be “Back To Work” EventuallyFacing the crushing consequences of the coronavirus pandemic, the Walt Disney Company couldn’t sugarcoat the decline bottom line in its second-quarter earnings today, but newly minted CEO Bob Chape…
Read more »
Clorox factories go into overdrive to meet demand spurred by coronavirusClorox CEO Benno Dorer says the company is in “catch-up mode” after seeing a 500 percent spike in demand because of the coronavirus pandemic, but that they expect to be in better shape by the summer.
Read more »
Teleheath will help create 'a different health-care system' after the virus, Humana CEO saysHumana CEO Bruce Broussard discussed how the coronavirus pandemic is changing health care on 'Closing Bell.'
Read more »
Airbnb expects revenues to be slashed by more than half this year, CEO says - Business InsiderAirbnb expects 2020 revenues to be less than half of what they were in 2019, even once travel resumes, because of fallout from the COVID-19 pandemic.
Read more »
Starbucks CEO on safely reopening stores: 'We've landed on something that is working'Starbucks CEO Kevin Johnson told 'The Daily Briefing' Tuesday that his company is taking a 'monitor and adapt' approach as 85 percent of the coffee shop chain's locations across the U.S. reopen this week
Read more »
Why Airbnb CEO Brian Chesky conducted layoffs the right way - Business InsiderAirbnb is cutting about one quarter of its staff. CEO Brian Chesky's memo to the company shows respect and compassion for all employees affected.
Read more »