Welcome to Issue 2 of Inside P&G
The past twelve months have been challenging for us all; government, business and consumers alike. Global market fluctuations, spiralling commodity prices and instability in the eurozone combined with political upheaval in the Middle East and natural disasters in places like Japan have all created significant headwinds to an already difficult economic recovery. Despite all this, P&G has delivered another strong year of growth. Globally, we’ve increased Net Sales 5% to $82.6bn. In a challenging environment, P&G UK & Ireland has continued to grow our brands and share above market levels.
At the core of this performance is our Purpose-Inspired Growth Strategy. In our efforts to serve more consumers, in more parts of the world, more completely we’re driving growth on our base business and entering new categories, creating vertical price-tiered portfolios and even creating wholly new categories to the world. And it’s working! P&G is now reaching roughly 4.4 billion consumers. That’s 200 million more than a year ago. Fundamental to all of this is our ability to innovate and accelerate an already formidable innovation pipeline.
In this edition of Inside P&G you can read about how, by embracing external collaboration, our Connect & Develop innovation strategy will deliver more than $3bn of new business for P&G every year. We also showcase two of our biggest new innovations here in the UK: Oral-B Pro-Expert and the Olay Professional range.
The other central element of our purpose is our commitment to improve lives now and for generations to come. This means growing sustainably and working to make a difference in the communities in which we live and work. Dr. Peter White discusses the benefits of sustainability for P&G and for society as a whole and we feature some of the great work P&G, our employees and our partners are doing in our local communities.
Finally, excitement is growing in the country as the London 2012 Olympic Games approaches and it’s the same here at P&G. We’ve made it possible for mums and families to get tickets to the Games through our instore promotions. We also recently announced our partnership with the London 2012 Paralympic Games. Nathan Homer, our Olympic Projects Director, explains in a little more detail why we are so proud about this partnership.
Thank you for reading and for your ongoing support of P&G.
P&G UK & Ireland Vice President & Managing Director