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Update: Market Chatter: Procter & Gamble Buying More Steel From India for Gillette Razors
Procter & Gamble is procuring more steel from India to avoid potential tariff impacts.
On December 5, Glonghui reported that Procter & Gamble has completely reformed its supply chain for ultra-thin stainless steel strips used in Gillette razors. According to an analysis by Reuters of import records over the past four years, Procter & Gamble has shifted the procurement of stainless steel for its top beauty brands to cheaper manufacturers in India, a move expected to protect its profits from any tariffs that newly elected President Trump in the USA might impose. Based on import records of Procter & Gamble's subsidiaries (including Gillette) in the USA, the company currently sources steel primarily from Jindal Stainless in New Delhi. A Procter & Gamble spokesperson confirmed the cooperation with Jindal but stated that it is with business partners.
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