An aging America is a win for Clorox
The company says that baby boomers will contribute to a spike in demand for its products.
By William White
At Clorox's annual shareholder meeting Wednesday, the company announced that it expects to see more demand in its cleaning products due to aging baby boomers, reports the San Francisco Business Times.
Clorox's professional services unit said that it is trying to convince hospitals to take more measures in fighting infections picked up in the facilities. How can hospitals fight such infections? With bleach and hydrogen peroxide -- both of which Clorox provides.
The company also says the same is true for nursing homes, and that caregivers can use Clorox products to disinfect homes, reports The Business Times.
Clorox's stable includes a number of namesake-branded products of various forms, including liquids, wipes, cleaning tablets and even gel pens, as well as brands such as Pine-Sol, Formula 409 and Handi-Wipes.
According to the Centers for Disease Control's website, one out of every 20 patients that are hospitalized will contract a health care-associated infection. A study published on the CDC's website estimates that 70% of those infections obtained by hospitalized patients are preventable.
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[BRIEFING.COM] The stock market capped the trading week with losses across the major averages. The S&P 500 fell 0.5% to surrender its weekly gain, while the Dow Jones Industrial Average (-0.7%) and Russell 2000 (-0.9%) underperformed. The two indices posted respective losses of 0.8% and 0.6% for the week.
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