P&G Has Room for Productivity Gains -- Market Talk

Dow Jones Newswires · Jul 30, 2020 22:11

DJ P&G Has Room for Productivity Gains -- Market Talk

1011 ET - Procter & Gamble CEO David Taylor said operating in the pandemic has demonstrated that the company had room to improve productivity even after a major restructuring. Taylor, on a call with analysts, illustrated the point by noting that some factories were at times able to operate at 90% capacity even with staffing levels cut in half. "There's more there," Taylor said. P&G finance chief Jon Moeller said the company has operated effectively despite spending almost nothing on travel and entertainment. He said completely eliminating those costs isn't the answer, "but the right long-term answer is not what we've been doing previously." (sharon.terlep@wsj.com)

(END) Dow Jones Newswires

July 30, 2020 10:11 ET (14:11 GMT)

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P&G Has Room for Productivity Gains -- Market Talk

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