Consumer Reports reports that the consumer product companies’ business performance in the United States has fallen from its 2015 levels to 2017 levels.
Consumer Reports is reporting that consumer products companies are losing more money in the past year than they made in the year before.
Consumer Reports reports in the November issue that brands selling in the U.S. fell 6.5% year-over-year in 2016 and dropped 11% year over year.
According to the report, the major brands have experienced lower margins, higher sales volume and less profit than the previous year.
The report notes that a number of factors, including the cost of raw materials, a weak economy and the threat of a new tax law have led to lower consumer spending, and consumers are now turning to other options to buy detergent.
This article is from the archive of our partner The Wire.