With a pandemic still making its way around the world, there’s been substantial demand for hand sanitizer. In fact, according to Fior Markets, as noted by Beauty Packaging, demand increased by 1,400% between December 2019 and February 2020. However, that may only be the start of a bigger boom in demand. The global hand sanitizer market is expected to explode from $1.2 billion in 2019 to more than $2.14 billion by 2027.
Demand increased after the Center for Disease Control (CDC) recommended using hand sanitizer with at least 60% alcohol. It’s also been reported that “In the absence of a vaccine or effective antiviral drugs, hand hygiene is a mainstay of efforts to prevent the spread of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes COVID-19,” reports Medical News Today. That news is opening a wide range of opportunity for companies like The Yield Growth Corp. (CSE:BOSS)(OTC:BOSQF), Amazon.com Inc. (NASDAQ:AMZN), Kimberly Clark Corp. (NYSE:KMB), Clorox Co. (NYSE:CLX), and Kroger Co. (NYSE:KR).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. has successfully completed its first manufacturing run of Urban Juve hand sanitizer spray and is now fulfilling retail and consumer pre-orders. This includes individual consumers, Canadian online retailers and brick and mortar retail stores such as Pharmasave.
The Ultra-Nourishing Hand Sanitizer spray is now available for sale at urbanjuve.com for immediate fulfillment. In addition, the spray has been approved for sale on Amazon.ca and Urban Juve is currently arranging its first shipment to the Canadian Amazon warehouse. Urban Juve’s hand sanitizer is expected to be available for Amazon Prime members through Amazon.ca (Amazon Canada) within two weeks.
“We are excited about the opportunity to partner with leading retailers and distributors, like Amazon and Pharmasave, to put our premium hand sanitizer products into the hands of Canadian consumers,” says Karla Cheon, Yield Growth’s VP, Marketing. “Our sanitizer was thoughtfully formulated with high quality ingredients - no low grade fillers. This is an excellent introduction to Urban Juve for many customers, and allows us to build on the solid foundation of quality products.”
Yield Growth’s wholly owned subsidiary Urban Juve expects 100,000 more hand sanitizer gel units to be manufactured in July. These are for the Canadian and the U.S. market, and Urban Juve is now taking orders from retail chains, including Pharmasave, for these products.
Urban Juve received product licenses for three separate hand sanitizer products from Health Canada’s Natural and Non-Prescription Health Products Directorate. In addition, Urban Juve’s hand sanitizer gel has been approved for sale in the U.S. after successfully listing with the U.S. Food and Drug Administration.
The Urban Juve hand sanitizer gel contains 65% alcohol as well as Aloe Vera, which can help to reduce the side effects that many hand sanitizers cause such as dryness of the skin. It also contains Eucalyptus Oil, which helps improve dry skin by increasing its ceramide content. Urban Juve’s natural hand sanitizer liquid spray contains 65% alcohol, as well as a refreshing and clean blend of peppermint, lavender and orange peel oils, which are known for their disinfecting properties and their ability to promote optimum skin health.
Urban Juve is donating a portion of the sanitizing sprays to aid front line workers at organizations such as PHS Community Services Society, St. Michael's Care Home and Magnolia House.
To combat Covid-19, the Centers for Disease Control and Prevention (CDC) recommends individuals use an alcohol-based hand sanitizer that contains at least 60% alcohol if soap and water are not readily available. The hand sanitizer market is expected to grow at a CAGR of over 17% between 2019 and 2025 according to a new report from Aritzon, with sales this year expected to reach US $11 billion in 2020, a 600% increase over last year. Alcohol-based hand sanitizers are set to become a standard household good.
Other related developments from around the markets include:
Amazon.com Inc. (NASDAQ:AMZN) announced a €3.75 million commitment to The Nature Conservancy in an effort to reduce climate change risks and increase species biodiversity in three German cities. The initial project is in Berlin’s Charlottenburg-Wilmersdorf district. Learnings will be applied in two other German locations, and then shared across other European cities. With this, Amazon is recognizing the urgency of the climate crisis and its impacts on urban communities. The announcement follows The Climate Pledge, the company’s commitment to be net zero carbon by 2040. Amazon’s commitment will fund The Nature Conservancy’s Urban Greening program, which uses nature-based solutions to help cities become more climate-change resilient.
Kimberly Clark Corp. (NYSE:KMB) announced it has awarded $900,000 in Bright Futures College Scholarships to 45 children of Kimberly-Clark employees across North America. The high school seniors were selected based on academic achievement, leadership, work experience and extracurricular activities. Now in its 28th year, the Bright Futures program provides scholarship grants worth up to $20,000, or $5,000 per school year, for full-time students attending accredited colleges and universities. The program is administered by the Kimberly-Clark Foundation and since its inception has awarded nearly $44 million in scholarships to more than 2,200 students. "Our scholarship recipients are exceptional students who demonstrate academic excellence and promise for building a bright future," said Jenny Lewis, Vice President, Kimberly-Clark Foundation. "We are honored to recognize their achievements and are pleased to support them as they pursue their studies in higher education."
Clorox Co. (NYSE:CLX) announced that its board of directors has declared a 5% increase in the quarterly dividend, from $1.06 to $1.11 per share on the company's common stock. The dividend is payable Aug. 14, 2020, to stockholders of record as of the close of business on July 29, 2020. "We are pleased to raise our dividend by 5%, building on nearly 20 consecutive years of dividend increases," said Chair and CEO Benno Dorer. "As we continue to deliver healthy cash flows, our ongoing priority is to invest in business growth behind our IGNITE strategy. We also remain committed to returning cash to stockholders."
Kroger Co.’s (NYSE:KR) Kroger Health announced a free telenutrition service to help Americans shop for, prepare and enjoy healthy fresh and non-perishable foods during the COVID-19 crisis. The free telenutrition service is the latest offering from Kroger Health'sFood as Medicineplatform. "The COVID-19 pandemic has changed shopping, cooking and eating routines for households across America," said Jim Kirby, Kroger Health's senior director. "Many families and individuals are for the first time exclusively relying on cooking for meals, some with limited budgets and nutrition knowledge. Through Kroger Health's telenutrition service, our dietitians are providing free personalized nutrition advice to help our customers shop for and prepare delicious and affordable nutritious meals."
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