EU coronavirus strategy may wash away soap exports — Panjiva
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EU coronavirus strategy may wash away soap exports

Consumer Staples 760 Coronavirus 511 European Union 826 France 153 Health Care 353 Materials - Chemicals 236 U.S. 5317 United Kingdom 369

The European Commission has launched a coronavirus initiative including travel restrictions and limits on exports of key medical supplies outside the EU. Corporations in the EU are also reviewing their supply chains with LVMH and Pernod Ricard repurposing their perfume and alcohol production to make hand sanitizer and its precursors. EU-27 exports of soap and perfumes were worth 12.94 billion euros ($14.21 billion) in the 12 months to Nov. 30 with 18.6% headed to the U.K. and 12.0% to the U.S. The EU-27 represented 55.8% of U.S. imports of soaps and perfumes in 2019. There’s already been...

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