Replies to post #4390 on The Rising Influence of Rising Affluence

[DewDiligence]

Why PG will be just fine (from the same link):

While P&G cuts back its ranks in the U.S., the company continues to expand in emerging markets where it is seeing much of its sales growth. The company is adding some 20 manufacturing plants between 2010 and 2015 in countries like Brazil, China, South Africa, Romania and Poland, said Jeff LeRoy, a P&G spokesman. P&G already owns around 140 manufacturing plants across the globe. The plants will primarily make baby-care goods, beauty products, razors and blades, and hair-care products, Mr. LeRoy said.

Currently, 45% of PG’s unit volume and 37% of dollar sales come from emerging markets. Operating margins in emerging markets are roughly as high as in developed markets. (Source: FY2Q11 CC.)