Allegations 3M Isn't Doing All It Can to Fight Virus Are 'Absurd,' CEO Says

The transcript discusses 3M's efforts to combat COVID-19 by ramping up respirator production and supporting healthcare workers. It addresses concerns about international distribution to Canada and Latin America, emphasizing the company's commitment to serving these regions while maximizing US supply. The issue of price gouging is also tackled, with 3M working with distributors and law enforcement to prevent unethical practices.

What was the main focus of the speaker in the initial part of the discussion?

• The history of 3M's business practices

• The role of the White House in the pandemic

• Efforts to increase respirator production in the US

• The impact of COVID-19 on global markets

How does the company balance its production between the US and other countries?

• By prioritizing industrial customers over healthcare

• By increasing production capacity and serving both the US and other countries

• By maintaining a 50-50 distribution between the US and other countries

• By focusing solely on the US market

What is the company's stance on price gouging during the crisis?

• They ignore price gouging as a market issue

• They work with law enforcement to combat price gouging

• They sell to the highest bidder

• They have increased prices to meet demand

What measures are taken to ensure the authenticity of 3M products?

• They only sell directly to consumers

• They rely on customer feedback

• They do not take any specific measures

• They authenticate products and work with e-tailers

What role do distributors play in the company's supply chain?

• They are the sole sellers of 3M products

• They help distribute products to where they are most needed

• They are responsible for manufacturing the products

• They set the prices for 3M products