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Shortages of Clorox Disinfecting Wipes Are With Us Until 2021

Rich Duprey, The Motley Fool
·2-min read
Shortages of Clorox Disinfecting Wipes Are With Us Until 2021

Clorox (NYSE: CLX) says its disinfecting wipes will remain in short supply until next year, as the bleach maker has been unable to keep up with the overwhelming demand for them amid the coronavirus pandemic. In an interview with Reuters following Clorox's fiscal fourth-quarter earnings call, CEO Benno Dorer called disinfecting wipes "the hottest commodity in the business right now." Cleaning products account for more than 40% of Clorox's revenue, and fourth-quarter segment sales surged 33% from last year.