J&J Consumer Health More Than A Revenue Stream: Driving Development Across Segments
Consumer Business Updating Health, Personal Care Products, Packaging For Sustainability
CEO Alex Gorsky and medtech business leader Joaquin Duato say consumers’ growing interest in self-care is influencing the firm’s work across segments. Consumer health also is driver for Healthy Lives Mission to invest $800m through 2030 to improve the health of people and the world.
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J&J Consumer Health is rolling out an initiative that involves publishing details online about a product’s ingredients, including their sustainability and animal welfare credentials, to eight of its “leadership brands” by the end of this year, according to the company's sustainability chief, Katie Decker. This initiative is a response to consumer demand for transparency and a key plank of the firm's $800m 2030 sustainability strategy, she explains in this exclusive interview.
April-June sales of OTC drugs, supplements and personal care products likely will show at least notable and potentially strong increases from year-ago period when consumers slowed spending after splurging during 2020 Q1 as novel coronavirus pandemic sent shockwaves through the marketplace.