Clorox Faces Product Shortages and Stock Drop Following Cyberattack

Clorox is experiencing a disruption in its operations due to a cyberattack, resulting in a shortage of some of its products. The company detected unauthorized activity in its IT systems in August and took immediate action to contain the attack. However, manufacturing operations have not fully resumed, and Clorox is currently fulfilling orders manually. The cyberattack is expected to have a material impact on the company's current-quarter financial results, although the longer-term effects are still uncertain. Clorox shares fell about 2% in early trading.