Colgate-Palmolive, Reckitt Benckiser Group and Henkel AG are part of Zacks Industry Outlook article.
Soap and cleaning materials companies continue to struggle with elevated logistics, input and manufacturing costs amid supply-chain issues. Innovation and hygiene campaigns are likely to drive growth for players like Colgate (CL), Reckitt (RBGLY) and Henkel (HENKY).
Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the changing habits of consumers when he takes over at Starbucks. At Reckitt, maker of Strepsils throat lozenges and Dettol floor cleaner, the 55-year-old Narasimhan spearheaded a sweeping, but unfinished, corporate turnaround, while honing relationships with retailers ranging from Walmart to Tesco. When he joins Starbucks in October, Narasimhan will have to adapt his focus to serving the millions of people who step into the coffee chain's roughly 32,000 stores every day.