Most of the sectors are impacted by the ongoing uncertain financial backdrop. Among others, the consumer goods sector had been hit hard by input cost inflation, resulting from the impact of the war in Ukraine on global markets and commodities. Though pandemic restrictions eased in most markets, the resurgence of COVID-19 imposed new restrictions and lockdowns, affecting consumers and operations.  The rise in the cost of energy, packaging, and transport added fuel to the fire. Additionally, the repercussions of Russia’s invasion of Ukraine further raised the cost of inputs such as cooking oil and grains, along with energy.
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Unilever (NYSE:UL)
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