IFF CEO Says Parts of Supply Chain Are Under Pressure

The video discusses a business that spans various products, focusing on consumer fragrances and hygiene products. It highlights the impact of COVID-19 on the supply chain, particularly in India, and the company's strategies to adapt. The business's product portfolio is largely tied to essential consumer products, with a focus on trends pre, during, and post-COVID. The company is investing in R&D to develop new technologies and solutions, such as sweetness modulation, to meet future demands.

Which product categories are experiencing significant demand globally according to the business?

• Automobiles and spare parts

• Consumer fragrances and hygiene products

• Consumer electronics and gadgets

• Luxury goods and jewelry

What was a major challenge for the supply chain during the COVID-19 crisis?

• Excessive inventory levels

• Overproduction in manufacturing plants

• Shortage of raw materials from India

• Lack of demand for products

What percentage of the business's products are tied to end consumer products?

• 100%

• 70%

• 90%

• 50%

What is the business's approach to preparing for post-COVID consumer trends?

• Discontinuing hygiene products

• Investing in essential products and technologies

• Focusing solely on luxury products

• Reducing investment in R&D

How much of the sales line is invested in research and development?

• 2-3%

• 5-6%

• 8-9%

• 10-11%