48
48
SUPPLY CHAINS TO ADMIRE | 2023
Consumer Non-Durables In the last decade, the acquisition strategies of consumer non-durables companies failed to yield scale. The sizeable traditional consumer products companies of Colgate, Kimberly-Clark, P&G, and Unilever struggled to drive growth as smaller and more agile companies like Church & Dwight and Clorox made progress. Post-pandemic, no company was resilient as the chemical sector and transportation costs skyrocketed. As a result, there is no Supply Chain to Admire Award Winner for this sector. Cross-functional alignment issues grew over the decade, driving a schism between operations and commercial teams. Historically, these companies are marketing-driven, with a large gap between operating and commercial teams. In this industry, operating margins were down 4%, while inventory turns decreased by 1%. Growth was less than GDP. The sector lost market share to retailers selling generic house brands.
Table 33. Consumer Non-Durables Industry Performance for the Period of 2013-2022
INDUSTRY: Household Non-Durables
IMPROVE- MENT
COMPANY INFORMATION
PERFORMANCE
VALUE
RETURN ON INVESTED CAPITAL
2022 REVENUE (MS)
SUPPLY CHAIN INDEX
GROWTH (Year Over Year Revenue)
FUNDAMENTAL AVERAGE SCORE
INVENTORY TURNS
OPERATING MARGIN
PRICE TO BOOK
MARKET CAP
NAME
2013 - 2022
Church & Dwight Co
$5,376
7
6.3%
6.24
19.0%
13.7%
9
5.95
15,414
Clorox
$7,107
9
2.7%
7.20
17.0%
23.6%
8
49.88
17,981
Colgate-Palmolive
$17,967
6
0.6%
4.75
23.3%
28.8%
7
114.26
62,702
Energizer Holdings Inc
$3,050
3
4.6%
1.47
14.2%
5.5%
4
11.17
2,187
Henkel AG & Co
$23,620
10
1.2%
4.98
13.1%
10.3%
7
2.68
46,088
Kimberly-Clark
$20,175
3
0.4%
6.51
14.5%
21.9%
6
150.78
43,549
Newell Rubbermaid
$9,459
11
6.9%
4.06
9.4%
0.9%
8
2.86
10,746
Procter & Gamble
$80,187
7
-0.1%
6.59
20.5%
12.8%
7
5.47
277,186
Reckitt Benckiser Group
$17,898
3
1.9%
4.33
24.5%
13.5%
NA
5.37
59,927
Spectrum Brands Holdings
$3,133
2
-1.1%
3.45
6.8%
2.0%
5
3.24
2,901
Tupperware Brands
$1,306
12
-6.2%
2.41
13.8%
10.3%
5
8.06
2,103
Unilever PLC
$63,353
1
-0.3%
5.43
16.7%
17.2%
NA
7.81
133,887
MEAN WITH OUTLIERS
$21,052
1.4%
4.78
16.1%
13.4%
7
30.63
56,223
MEAN WITHOUT OUTLIERS
1.4%
4.78
16.1%
13.4%
6
18.26
36,135
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