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SnB commits to stabilizing Glico Icreo prices during Covid – 19

Together, SnB and all Glico distributors and retailers will minimize the effect of this epidemic in particular, and contribute to the development and prestige of the market for mothers & babies’ goods in general.

First identified in China in December, 2019, CoVid – 19 has now spread to 180 countries and their territories. It has caused over 245.000 people being infected and over 10.000 deaths (*). Not only has this epidemic greatly affected human, it has also brought up a lot of setbacks to the finance all over the globe: Difficulties in international trade, in importing and exporting; supply chain disruption; stock index tumbling; gold price fluctuating. The JPY/VND rate of change has increased significantly making companies doing business in Japanese products raise prices to deal with the current situation. Moreover, many consumers are particularly worried about being infected with CoVid – 19. Many of them have bought a huge amount of necessaries for storage. As a result, the need for necessaries has rocketed over the past few months.

Consumers waiting in lines to buy necessaries
Consumers waiting in lines to buy necessaries

With the hope to support agencies and together with the Government to minimize the effect of CoVid – 19, on 10 March, Mr. Hirano Yuzo – the Japanese CEO of SnB, Ltd. – signed a commitment regarding Keeping Glico Icreo prices unchanged and sent to all Glico distributors and retailers.

SnB promise:

  • TO ensure sufficient amount of goods for orders proposed by SnB sales representatives. 
  • NOT TO increase wholesale prices to agencies and retail prices to consumers with all current Glico Icreo products.

Besides, SnB would like all Glico distributors and retailers to support SnB in stabilizing prices for Glico Icreo products. We are entitled to refuse to provide our products to the agencies that break the commitment and increase selling prices higher than the retail prices of SnB. 

Commitment to stabilizing Glico Icreo prices during CoVid – 19 of SnB, Ltd

Being one of the top companies in providing imported products for mothers and babies, SnB not only ensures the quality of our products but also supports distributors and agencies. Together, we will minimize the effect of this epidemic in particular, and contribute to the development and prestige of the market for mothers & babies’ goods in general.

 (*) Figures taken from the Vietnamese Ministry of Health.