No business survives for more than 100 years, as Clorox (NYSE: CLX) has, without going through some ups and downs along the way. The combination of a global pandemic and then an incredibly rapid rise in inflation are the main reasons for this, as the tools to improve gross margin can take a little time to implement. Clorox was open about the problem it faced, laid out a plan to fix the issues, and proved it can execute in bad markets just as well as it can in good ones.