RB contributes $3.8 billion to US economy
Parsippany, NJ – July 28, 2020 Reckitt Benckiser Group plc (“RB”) today announces the findings of a new report, highlighting the company’s significant contribution to the US economy. A global leader in health, hygiene, and nutrition products, RB contributed $3.8 billion to the US economy last year, stimulating an additional $1.4 million in expenditure for every $1 million in GDP the company generates.
Developed by Oxford Economics, the report highlights the value RB brings to the US economy by evaluating its impact on GDP, jobs and taxes:
- $1.3 billion spend with suppliers across over 40 US states
- 25,000 US jobs supported and a ‘jobs multiplier’ of 6.4, double the US company average
- $2.6 billion saving in clinicians time through RB’s self-care products
“By supporting jobs and stimulating economic activity along its US supply chain, the impact of RB’s activities is shown to extend well beyond simply creating health, hygiene and nutrition products,’’ commented Hamilton Galloway, Head of Consultancy, Americas, Oxford Economics: ‘’Our research clearly demonstrates the significant contribution that a large and successful company like RB can make to the economy as a whole, especially the job market and the US’s public finances.”
“We have a long and proud history of creating innovative products for individuals, families and communities. From the creation of Lysol over 130 years ago to playing a vital part on the front-line against COVID-19 today, we protect, heal and nurture in the relentless pursuit of a cleaner and healthier world.Rahul Kadyan, EVP, North America, Hygiene