Procter & Gamble (P&G) is a global consumer products company founded in 1837. It has over 300 brands worldwide in categories like beauty, grooming, health, home care, and fabric care. P&G has a presence in over 180 countries and annual sales over $70 billion. While P&G has strengths like its brand portfolio and research spending, it also faces threats such as increasing raw material costs and growing competition from store brands. To address challenges, P&G's future plans include expanding in emerging markets and tying up with retailers.