Justin Honaman

Take a look at this excellent paper from SpencerStuart featuring interviews with a strong set of CPG CEO’s including Jacob Aarup-Andersen, CEO, Carlsberg; Brian McNamara, CEO, Haleon; James Quincey, Chairman and CEO, The Coca-Cola Company; Dirk Van de Put, Chairman and CEO, Mondelēz; Noel Wallace, CEO, Colgate-Palmolive Company; and Poul Weihrauch, CEO, Mars. The paper highlights key factors propelling a reinvent in the CPG space: - Innovation driving growth - Data and AI making predictions leading to business decisions - Sustainability influencing consumer priorities - Adaptable Supply Chains adapting to disruption and demand - Profitable Volume countering price increase fatigue - Challenger Brands aligning with consumer trends Key insights from the CEOs include the need for agility in adapting to rapid changes, balancing purpose with financial goals, and fostering collaborative and empowered leadership to drive results. Ecosystems play a crucial role, with CEOs leveraging collective intelligence to create an environment conducive to success. #CPG #CEOInterviews #Innovation #DataAI #Sustainability #Leadership #BusinessInsights #Reinvent

6

This interview with Walmart CEO Doug McMillon is a #retail #masterclass. A bit of context and perspective, combined with a lot of detail about every aspect of their business — #merchandising, #SupplyChain, #stores, #digital / #omnichannel, #international, #technology, #marketplaces, #RMNs, and more. And this will make an excellent base prompt for a retail #AI assistant — one of my #WeekendProjects

20

1 Comment

Great article by McKinsey & Company! Adding my two cents, inorder to thrive in this challenging landscape, CPG/FMCG companies must break down data silos and foster a collaborative, data-driven culture. Investing in integrated data platforms and advanced analytics will unlock actionable insights, fueling innovation and growth. #CPG #FMCG #DataDriven #Innovation #Analytics https://lnkd.in/gBCgtgwi

6

While #SASInnovate is coming to a close, there is still so much to look forward to. Thanks Mary Osborne and Shadi Shahin for giving us a sneak peek at our new #AI Assistant and #DigitalTwin capabilities. What a compelling scenario to address and mitigate #supplychain disruptions. Stay tuned! #IntelligentPlanning #SAS #Innovation #retail #CPG

41

1 Comment

The world of #Insights and #Analytics is changing fast, and Mark Hardy is helping to lead the charge via Walmart Data Ventures and #WalmartLuminate. Here is the latest: https://lnkd.in/esUG9XU6

3

Retailers must manage increasingly customized assortments to better meet local consumer demand while navigating supply chain constraints and store clustering. It is now common for retailers to handle hundreds of planogram configurations for a single product category. How do they manage this challenge? They leverage advanced software solutions like NielsenIQ Spaceman. For a concrete example, see how SPAR International uses NielsenIQ globally for their planogram need : https://lnkd.in/eWbzNBkr Jonas Parmhed Simon Trott

75

2 Comments

Dear Retail Friends,   If you’re a wholesaler, access to data from suppliers and retail customers is critical in enabling optimal service levels with minimal inventory. But getting that data, and acting upon it, can be challenging.   While there are many hurdles to this kind of collaboration, it can be done. And the benefits are numerous – not just for wholesalers, but their suppliers and retail customers as well.   https://lnkd.in/dbxub36v   #supplychain #supplychainoptimization #wholesaledistribution The future of wholesale supply chain collaboration | RELEX Solutions Unlock insights on boosting wholesale collaboration for supply chain efficiency and profit in this expert interview.

15

My interview with Lowe's Companies, Inc. SVP of Marketing, Jennifer Wilson, highlights the true value of consumer data. The new MyLowe's loyalty program incentivizes and even gamifies the capture of customer preferences ahead of making purchases. Which accelerates personalization and the overall performance of the program. Listen here: https://lnkd.in/gz8A3qUa #podcast #marketing #loyalty

24

Hello Retail Friends,   I cannot stress enough how important fresh products are to grocery retailers. When it comes to inventory planning, “point solutions” that lack end-to-end integration and only address store-level planning simply are not enough!   Retailers need proven, multi-echelon planning solutions that extend beyond the store - unifying, automating, and optimizing planning in stores, DCs, and omnichannel. This is the only way to get crucial visibility and insight across the end-to-end value chain.   https://lnkd.in/ej53RsFV #supplychain #grocery #freshproduce How to improve retail fresh food inventory management | RELEX Solutions Tackle fresh food inventory management challenges head-on with the right strategies and robust planning software. www.relexsolutions.comhas context menuCompose

11

Store brands are one of the ways shoppers can save money and unlike older Gen X and Boomer generations, young Millennials and Gen Z don't have the same preconceived notions about store brand quality. In fact, many will say store brands have quality levels that rival national brands. But brands have an advantage in that their relationship is directly with the consumer regardless of the retailer. Quality, formulas and tastes are the same whether the item is bought in Los Angeles or Boston. As the price gap between national brands and premium store brands narrows, the advantage will go to the brands that know their value proposition, communicate it clearly and promote effectively.

31

3 Comments

Walmart is focusing on digital transformation to close the eCommerce gap with Amazon by offering exclusive access to digital shoppers through events like Walmart+ Early Access. A small but notable percentage of consumers, especially Generation Z and millennials, are interested in exclusive access to new products from merchants. Brands like Mars are enhancing their digital presence by offering unique experiences online that cannot be found in physical stores. Amazon is also increasing digital engagement by launching a new grocery subscription service to incentivize more frequent online orders. Despite Walmart's efforts, Amazon still holds a significant lead in eCommerce retail spending, with Amazon at 57.2% and Walmart at 6.8% as of Q4 2023 #walmart #amazon #ecommerce #onlineretail

1

Check out this new edition of “What if? So what?” Are you building trust with your customers?? 💡 #customerexperience #trust #bettertogether

19

Hello Retail Friends,   It’s no secret that supply chains have faced unprecedented disruption and volatility in recent years, underscoring the need to address vulnerabilities, improve preparedness, and create innovative strategies.   We surveyed 285 retail, CPG, and wholesale leaders globally in February 2024, exploring the challenges, strategic investment areas, and opportunities for retailers and CPGs over the next 3-5 years.   See how retail and CPG executives are tackling these challenges and planning for the future in our report, State of Supply Chain 2024: Retail and CPG Dynamics.     https://lnkd.in/eQQVdNmN     #supplychain #businesstransformation #supplychainplanning

5

1 Comment

Insights from the US: By leveraging advanced AI technology, Walmart is not only enhancing customer searches but also empowering their frontline associates with real-time information. This technology supports a seamless shopping journey and ensures associates can provide top-notch assistance. Read more about this example of how AI is influencing the future of retail. #RetailCategoryManagement #CategoryManagement #Merchandising

15

1 Comment

In a session at the recent Manhattan Associates Momentum 2024 conference in San Antonio, executives from Michaels Stores discussed how it seamlessly integrates online and offline channels. https://ow.ly/hgMY50RNgwR #retail #supplychain

13

Greg Wilson and Alex Jobin share how RELEX enhances inventory management for groceries, ensuring product freshness and reducing waste. Dive into how we're leading with sustainability in retail in this article from Supermarket Perimeter. #retail #supplychain

5

The Ultimate Guide to the Retail Value Chain. Be sure to tune into the latest episode with Josh Stanley to hear the full conversation! https://lnkd.in/gfaeyDTN #podcast #retail #retailvaluechain #supplychain #technology

27

Responsibility shouldn't be a barrier to innovation. At Walmart, we're paving the path for responsible innovation. Our team recently published an ESG brief highlighting: ▶️ The ways in which our Digital Trust Commitments are the foundation for earning and maintaining customer trust ▶️ The excellent work our #cybersecurity programs do to protect customer and business data ▶️ Our pledge to using #AI transparently and responsibly, and in ways that are in line with our values Insights worth reading! https://bit.ly/3wO0PFw

92

2 Comments