H y g i e n e  supply
leaders less healthy

Volumes in decline. Prices up!
Who's winning market share?

Hygiene, Foodservice & Packaging (HyPac) is the #1 business supply category alongside tech. Progressive business suppliers have pivoted into HyPac services. Proficiency Index Q3'26 reports analysis to date: CEO's seem complacent, lacking transparency by not splitting lower volumes from higher prices; denying soft consumer demand v WallSt AI Bubble euphoria? Full analysis here, first: 3M, Bunzl, K-C, Motion, PCA, Essity. P&G, 

Rentokil's Initial 
services clean up

Global pest control giant's
ancillary business stronger

Rentokil Initial the $7Bn in sales, pest control leader's revenues normalised in Q3'26.Initial, Its hygiene, wellness & workwear division (20% sales) perfomed more slowly thana competitors like Cintas, Aramark as offices returned slowly" ceo Mike Duffy commented.Full analysis here, first

P&G: Pressure on
Growth recovers

Volumes up! Prices mixed
in hygiene & healthcare

Procter & Gamble, the giant $90Bn in sales home & business care brand maker, reported slower Q1'27 results with improving volumes. New CEO Shailesh Jerjurikar complacently commented "Our solid sales reflect sharpened execution of our integrated strategy" Really? Full report analysis here, first ...

Nestlé volume up,
price hikes slow

Nespresso slow. EU slow
Water & Beverages strong

Nestlé the #1 global food & beverage maker reported improved volumes in Q3'26 boosted by price increases. CEO Philipp Navratil commented complacently: “Our execution is driving stronger growth across all zones" Really? Full analysis here, first...

Essity eases down
in hygiene demand

Consumer/Pro Tissue down
PersonalCare up. Health flat

Essity the $15Bn international hygiene & health supplies maker, reported flat sales in Q3'26. CEO Ulrika Kolsrud complacently claimed "Our development was characterized by resilience despite intensifying cost headwinds. Volumes were stable"? We reckon it lost market share? Full analysis here, first ...

PCA Packaging
volume improves

Double-digit price increases.
Integrating Greif business,

Packaging Corp (inc.Boise) the US #3 packaging & papermaker reported improved results in Q3'26. Complacent ceo Mark Kowzlan commented "We expect solid corrugated products demand with shipments per day rto be flat in Q4".. Full analysis here, first.... 

IBM: an Inverted
Business Model?

Software growth improves
Can it compete in AI/Cloud?

Will Stutz  s t a l l
MillerKnoll growth?

Long serving CFO expected
to prioritize cost reductions?

Miller Knoll the recently relegated #2 US furnituremaker has confirmed that long serving CFO Jeff Stutz has been appointed CEO. The chairman said "He's the right leader to focus on accelerating sales, improving profitability and creating value for our shareholders" No mention of workspace innovation to drive future growth? Full report analysis here, first...

Kyocera resumes
MPS acq'n action

Brand printermakers to follow

example to lift flagging sales?

Japanese printermaker Kyocera has acquired a Canadian MPS provider. We've checked the recent history of the Top 7 global brand manufacturers and believe this is the first acquisition of a channel player, resuming a popular tend in the 2010-2020 era? Will it spur the others in a declining market? Full story here, first....

Distribution Mgt's
wide-format move

Expanding national coverage
and specialist printing skills 

Leading US  IT wholesaler Distribution Management has acquired a Michigan-based distributor specialising in wide-format printing, scanning, graphics, signage technologies. Greg Welchans said "We look forward to combining their expertise for the reseller channel" Full story here, first...