International Flavors & Fragrances Inc at Barclays Global Consumer Staples Conference Transcript
Okay. So we're going to get started. Very happy to have Frank Clyburn, IFF's CEO, with us today. So Frank, thanks again for joining us. Another year up here. It's good to have the opportunity to sit and chat like this. I'm going to jump right in, as you know, I tend to do.
Questions & Answers
So destocking has been the topic kind of front and center across the specialty ingredient space, right? And everyone has been talking about it, but it does seem like over the last 3 quarters, on average, that IFF has seen greater declines in volumes versus the peers. So just can we take a step back and just hear how you assess the degree of underperformance versus peers? Is it -- how much is destocking? How much is maybe market share? It would be great to just start there.
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