Trends That Affected OTC Sales In 2010
This article was originally published in The Tan Sheet
Executive SummaryThe global OTC industry fell back in line with the world gross domestic product in 2010, after significantly outpacing it in 2009. The industry grew 4% in 2010, 1.2 percentage points behind the previous year and 0.2 percentage points below the broader GDP, according to Nicholas Hall, CEO of Nicholas Hall & Company.
You may also be interested in...
J&J reports worldwide consumer sales dipped 0.6% to $3.6 billion despite retailers buying more upper respiratory and analgesic products to prepare for the cough and cold season. But in key OTC categories the firm is regaining market share it lost when its iconic brands were temporarily not available.
GlaxoSmithKline restructures its management to ensure adequate focus on its three core areas, pharmaceutical, vaccine and consumer. Consumer product sales fell 3% to $1.72 billion in the third quarter due to continuing supply interruptions and generally weaker markets.