The global economy continues to be volatile, with particular regions facing uncertain or slow economic growth. These unfavorable
economic conditions could negatively impact:
• consumer demand for our products, including shifting consumer purchasing patterns to lower cost options such as
private-label products, as well as declining birth rates in certain countries due to slow economic growth or other factors,
• demand by businesses for our products, including the effects of increased unemployment and cost savings efforts of
customers,
• the social and political environment,
• the product mix of our sales, and
• our ability to collect accounts receivable on a timely basis from certain customers.