Higher prices and uncertainty from tariffs cited. Could hurt Farmer School recruiting for Miami’s traditional P&G pipeline.
Man, for some strange reason, I really want a TACO.
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It read a little different to me. P&G cited “ The plans are all part of a new restructuring plan to accelerate P&G’s growth and value creation, according to the presentation and a company spokeswoman.” and nothing about blaming tariffs but the author slid that in.
They also cited they may discontinue products which normally would be tied to loss of jobs.
It doesn’t read as negative or positive for future employment.
This is strictly conjecture, but based on their statements, ‘more than likely’ it means in the future they will add new product lines, enter new markets to create growth and value for their shareholders. Which could mean a change in who they hire and a possible opportunity for Miami to offer programs matching where companies like P&G are going.
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P&G never should have sold Pringles to Kellogg’s.
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Me too!
I can now afford more tacos due to lower inflation!!!
We used to assume Pringles were made of excess soap powder.
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But homemade tacos are a no go Eddie. My wife came back from Krogers Tuesday night and said ground beef was like $7.00+/)lb. Not long ago I thought $4.00/lb was high. Good ole president bone spurs, who yelled he was going to drive prices down, pretty much had a big swing and a miss (by a mile) on that one. Oh and Mexico was going to pay for the wall and “beautiful” tariffs will be paid for by the manufactures.
Bet meal plans for students will either take a leap or kids will run out of money by week 12 or so and call home begging for more$$$.
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My rationale for posting the article was simply to publicize a significant reduction of force by a locally based company that traditionally employs numerous Miami alumni.
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In a Cincinnati Enquirer article they noted P&G is generally protected from tariffs as they manufacture in or near where their products are sold.
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I stopped using P&G’s Crest toothpaste and started using Colgate because it’s a lot cheaper, and works just as well.
My dentist, located in Hyde Park/Mt Lookout area in Cincy, told me to stop using the expensive Crest Pro Health Advanced toothpaste because it had too much grit (or whatever better word they used) and actually damaged enamel.
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Very true about ground beef. Not enough cattle herds.
I was referring to the CPI.
Back to the original topic. Feel free to pm me for more off-topic discussion.
But just to be clear, the inflation rate is lower. Prices are still increasing, just at a slower rate. Discretionary consumer items are most likely to feel the hit from tariffs if they stay in place and once that inventory hits shelves. So far, only select items such as some footwear, sporting goods, toys, bikes, and grills have tariffs reflected in their prices.
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You have to compare inflation to wage growth. Some inflation is fine. The Feds target is 2%. The problem is the inflation was 9% three years ago and the wage growth was nowhere close to that. So everyone has been playing catch up
Slightly digressing here, but when I was at Miami the CEO at P&G was Miami grad John Smale (who lived around the block from us when I was a kid and when he was a young Marketing Manager for them). Our Cincinnati neighborhood was filled w P&G employees.
The Profs in the Miami business school loved to extol the P&G organizational structure and business strategies of the time, and getting a P&G offer was a goal of many a Miami student. Also, since the P&G interviewers tended to be rather cocky, it was also something of a badge of honor to get an offer and turn them down. (if you happened to have gotten a better offer and had that luxury).
We used to call them Proctor & God or Push & Grunt.
For people headed down I-71 nearing downtown Cincy you can see the appropriately nicknamed “Dolly Parton Towers.” Big ole pair of boobs! shaped like the Proctor & Gamble world headquarters.
Whatever you call them as a consumer goods company they’re pretty dang amazing. Estimates are 98% of American homes have a P&G product in them.