Clorox Won’t Catch Up With Demand for Disinfecting Wipes Until Summer
Clorox (NYSE: CLX) says demand for its branded disinfecting wipes is running so high that despite operating around the clock, reducing choice, and using third-party manufacturers to add additional capacity, it still won't be able to catch up until the summer.
The Wall Street Journal reports that despite Clorox increasing production of disinfecting products by 40% during the coronavirus pandemic, demand for those items has surged five-fold. CFO Kevin Jacobsen told the Journal: "We're shipping canisters of wipes every day to our customers, and within 30-45 minutes they're gone from shelves. Demand has outstripped what anybody could have imagined."
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Source Fool.com
