Navigating a Dynamic World Through a Consumer-First Approach
Looking ahead, the external environment will remain dynamic, ambiguous and certainly challenging. Consumers around the world are dealing with change at an ever-increasing pace. Economic conditions continue to shift; technology is profoundly reshaping how people discover, evaluate and purchase products; media channels are fragmenting; retail formats are evolving rapidly; and household budgets remain under pressure. Undoubtedly, these realities create volatility.
At the same time, these uncertainties also create opportunities. They challenge us to see consumers and markets with fresh eyes and to sharpen every aspect of our work from innovation to execution — how we build brands, develop more holistic partnerships with retailers, and increase the superior performance and value of our brands across all price tiers. This all starts with a more deliberate focus on putting consumers first in every decision we make.
I have every confidence in the ability of P&G people to meet this moment by applying their deep expertise and knowledge in consumer understanding; their talent for developing game-changing innovations and building consumer-preferred brands; and their skill in operating with disciplined execution in challenging environments. Most importantly, P&G people are motivated by a shared commitment to improving the daily lives of billions of people around the world. This focus on putting consumers first has guided our Company for generations, and it will continue to guide us in the years ahead as we build on our momentum and make the most of the near- and long-term opportunities ahead.
Shailesh G. Jejurikar
Chairman of the Board, President
and Chief Executive Officer
VARIOUS STATEMENTS IN THIS ANNUAL REPORT, including estimates, projections, objectives and expected results, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are generally identified by the words “believe,” “expect,” “anticipate,” “intend,” “opportunity,” “plan,” “project,” “will,” “should,” “could,” “would,” “likely” and similar expressions. Forward-looking statements are based on current assumptions that are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements, including the risks and uncertainties discussed in Item 1A – Risk Factors of the Form 10-K included in this Annual Report. Such forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise publicly any forward-looking statements, except as required by law.