The war in Ukraine exacerbated supply chain logjams and manufacturing issues that began with the COVID-19 pandemic.
Managing foreign exchange costs is largely what is driving a pivot to African suppliers, Unilever said, even though sourcing from the continent can cost more than buying from parts of Asia.
“Over 95% of the brands we sell to our (African) consumers are made in African factories,” Reginaldo Ecclissato, Unilever’s chief business operations and supply chain officer, told Reuters.
Today more than two-thirds of the ingredients that go into Unilever products sold in African markets come from the continent, the company said.
Where is it on the scale of Unilever’s supply chain?” he said.
Persons:
Kasali, ” Kasali, “, Knorr, Hellmann’s, Reginaldo, Tedd George, Nestle, ”, Pierre, André, Ecclissato, it’s, bouillon, Iranloye, Busari, Unilever’s Ecclissato
Organizations:
Reuters, Unilever, REUTERS, ” Unilever, Nestle, Danone, sorbitol
Locations:
ALAYIDE, Nigeria, Oyo, Africa, Ukraine, Asia, India, China, South Africa, Lagos, Oyo State