HW Global named in list of industry leaders signed up to Women in Finance Charter

8th April 2019

HW Global Talent Partner has just been named in an HM Treasury list of financial services leaders signed up to its Women in Finance Charter.

The executive search and interim firm is one of the latest 36 companies the Government has approved to join the Charter, which aims to achieve gender balance at all levels across the sector.

The Charter commits firms to supporting the progression of women into senior roles in financial services by focusing on the executive pipeline and the mid-tier level.

HW Global Talent Partner has pledged to commit to four industry actions to promote gender diversity:

• having one member of our senior executive team (Founding Director John Wakeford) responsible and accountable for gender diversity and inclusion

• headline target to maintain 30% of women in senior management by September 2022 and supporting targets – maintain our offering of flexible working and promotion opportunities available for all members of staff

• publishing progress annually against these targets in reports on our website

• having an intention to ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity.

Pascale Gara, Head of HW Global’s Chair & NED practice, (pictured) said: “Diversity has been a constant focus across all the Chair/NED searches we have conducted on behalf of clients over the last two years. Half of all our candidates who were successful during that time have been female.”

The Women in Finance Charter was launched by HM Treasury following recommendations in a review by Jayne-Anne Gadhia, former CEO of Virgin Money, on the representation of women in senior managerial roles in financial services.

Her report ‘Empowering Productivity: Harnessing the talents of women in financial services’, which focused on the talent pipeline at the executive population below board level, was published in March 2016. It found women made up only 14%   of executive committees in the financial services sector.

There are now 330 firms across financial services signed up to the commitments of the Charter – from global banks to credit unions, the largest insurance companies to the smallest fintech start-ups – with headquarters in the UK, USA, Europe and Asia.

This means more than 800,000 employees in the UK are now covered by the Charter.

HW Global Talent Partner already boasts successful retention rates, with 11 out of 14 female employees having remained with the firm for more than two years and half for more than five years.

Founding Partner John Wakeford, head of HW Global’s Financial Services practice, said: “Although we are a small organisation, we are making a pledge for gender balance across financial services.

“We became a Charter signatory to raise awareness of the diversity agenda and to drive an industry wide approach. We are promoting and maintaining focus on gender diversity at the highest levels, not only within our organisation, but also in the searches and shortlists that we provide our clients with.

“We would like to see this help towards creating a permanent sustainable change across the financial services industry and other industry sectors that we work within too.”

The full list of firms just signed up to the Charter can be seen in the HM Treasury press release.

Creating a strong and nimble supply chain prepared for all challenges the target for new Mars Petcare director

1st April 2019

Jon Peattie, newly appointed Commercial Director of Sourcing at Mars Petcare, Nashville, TN, talks to Stuart Richards about his brief spell playing at NFL side Cleveland Browns and how SUBWAY’s $5 Footlong sandwich gave him his big break in supply chain management.

Your entire career has been in supply chain management. But what first got you into commercial procurement?

Looking back 12 years ago I just really needed a job, coming out of college. I was lucky enough to go to the University of Miami on a full athletic scholarship for football. Because I was on campus year-round for football training, I was able to graduate early and also attain a Masters degree. Upon graduation, I had two opportunities – one with SUBWAY® restaurant’s North America supply chain management company, the Independent Purchasing Cooperative (IPC) based in Miami, FL, and the other with Bear Stearns. I didn’t pursue the Bear Stearns offer – thank goodness because they collapsed soon after my decision during the global financial crisis. IPC focuses on helping SUBWAY® franchise owners be more profitable and competitive with its core focus on supply chain management and purchasing of all direct and indirect products and services for the restaurants located in the US, Canada and Puerto Rico. It was amazing; I knew nothing about supply chain management so I was doing basic inventory management and analytical forecasting, trying to capture what our demand was going to be in the next 16 weeks to a year and handing that data over to the sourcing managers to negotiate the contracts and do all the fun stuff. That was my start. I needed a job and it was the right time, right place. I was lucky to get a chance to work with IPC at a time when things were about to get real exciting in the restaurant industry. I quickly realised that I liked supply chain, I like procurement, I liked the strategy involved and…I like food – I think it all goes well with my personality.

Tell me about your career so far – and the key moves from IPC/SUBWAY® to Apple, back to IPC/SUBWAY® and now to Mars Petcare.

In my first year at IPC there was a Florida franchisee that owned multiple restaurants and was doing something interesting. He was selling $5 Footlong sandwiches on the weekends when sales were typically low and his sales began to blast off. So I was asked to analyse his restaurants sales data and create a US forecast based off those numbers for all 30,000 restaurants. The sourcing managers then had to see if they could find enough supply/capacity to sustain those forecasts, which were incredibly high – 40, 50, 60 per cent above normal demand. It was amazing to be a part of this feasibility analysis in the early stage and to be a part of one of the most amazing, revolutionary restaurant marketing campaigns, the $5 Footlong. Who would have known when I was just doing basic spreadsheet work that it was going to support one of the greatest product launches ever in the food industry? With IPC/SUBWAY® I had started in an analytical role then moved into a sourcing manager role. I was first responsible for all the secondary ingredients – tier two/tier three supplier contracts while also supplying some optional products not carried in every SUBWAY® but had pretty big volumes because there were 30,000 restaurants in North America. A few years later, I moved into my first leadership role where I was managing people. It was a great challenge. Simultaneously, I completed an executive scholar degree at the Kellogg School of Management which really armed me with how to lead high impact teams and how to develop sound sourcing strategies. I then led my first global sourcing team (the Marinara Team) working with global counterparts on reducing the complexity and number of marinara specifications globally in order to increase quality and consistency in the products while also leveraging economies of scale to reduce costs.  Organising and aligning a global team on different time zones and with different cultures and languages and then orchestrating a global bid across five major global regions was awesome; it was a great experience to be able to lead that. Then I was recruited by Apple – they reached out to me on LinkedIn and said ‘would you be interested in being a Global Supply Manager for the Liquid Crystal Displays?’ I loved Apple products and it sounded interesting, scary, completely out of my comfort zone having not worked in tech before. But I really believe that if you know category management and you know strategic sourcing it doesn’t matter what you buy. It’s the same processes, the same challenges and the same type of strategy development required. I also believe that if you aren’t challenging yourself and putting more pressure on yourself, then you won’t grow (see the Story of a Lobster on Youtube). So I took a chance, it was a great opportunity to try something new and San Francisco is one of the best cities in the world. I did global sourcing before but I learned what a true global supply chain was, and a well-oiled machine Apple was, and I was now part of this amazingly orchestrated global supply chain company. It was a really great experience to learn from some of the brightest people on the planet. I loved my time there. After two years I was then recruited back by IPC/SUBWAY® to lead up the purchasing department and also started to expand into the supply chain, by taking over responsibility of supply planning – which is a forward looking process that tries to meet supply with demand and is a component of sales and operations planning. The sourcing department was roughly a $4bn spend across food, packaging and beverages and it was my first executive role – I did that for a little over four years and saw myself as a SUBWAY® lifer at that point.  But Mars came knocking and they were relentless.  Although I loved my time at IPC/SUBWAY®, my wife and I were willing to take a risk and move our young family to Nashville. Professionally, I wanted to keep growing and learn about a new industry – Consumer Packaged Goods. I want to have a deeper understanding of sales and operations planning, manufacturing and marketing, while continuing to refine my supply chain management business acumen and leadership skills. I feel that the CPG industry is further ahead in its supply chain maturity than most other industries so I wanted to play around in that space for a while and learn as much as possible while bringing the learnings, skills and perspectives I have from SUBWAY® and Apple into the Mars space.

Can you tell me about your American Football career? What did you bring from the football field to the boardroom?

I went to the Cleveland Browns in the NFL as a free agent but I was only there for minicamp during the off season so I did not get to officially play in the NFL. However, I did play for the best college football team in the nation, the University of Miami Hurricanes, and I also played professional arena (indoor) football afterwards while starting my business career. My athletics background has definitely helped me succeed in the office. Learning how to deal with adversity is really important. Especially as a field goal kicker where there is a ton of pressure on you. You only play a few minutes of impact during a four hour football game, sometimes only a few seconds of impact. It taught me a lot about preparation, so when you have to perform you must be ready. That is critical, so the whole game you are constantly preparing mentally and physically just to perform for a brief moment and that feeling of pressure that it all depends on you and you are going to help your team win or lose. I think really prepared me for being able to deal with the responsibility and pressure of managing billions of dollars and a ton of risk every day. In football, the off season is when you really put in the hard work and to me that is like the time between the big board meetings and presentations in professional life when you put in the hard work. Once you get to the big game or big meeting, it’s all muscle memory at that point and it’s just time to have fun.  Also, when you are a student athlete in college your schedule is booked from about 6am to 11pm every day between class prep, weight lifting, running, class, film study, football practice, film study, study hall and then repeat. You become almost desensitised around putting in long hours and you develop a strong work ethic and get good at planning your day. It really helped me learn how to prioritise my schedule and be able to juggle many things, personal and work.

Who have been your key role models/mentors?

My family. Specifically, my mom and dad, who have been extremely instrumental in my life. My dad has always given me great advice. He managed to straddle a successful professional career with a growing family and did it extremely well. My mom was the stronghold in the family who ran the house and kept all of us in line while spending countless hours with my two siblings and I on homework and activities. In business I’ve been lucky to have many strong, bright influencers around me early in my career that I latched on to. Joe Leahey was my Sr Director of Purchasing when I started my career and he was a good leader who taught me how important it is to have a strong understanding of global commodities/economics and to be able to clearly and concisely explain the connectivity between them and how it will impact food costs in the future. Next was Dennis Clabby, who was my last boss at IPC/SUBWAY®. He is the EVP of Purchasing, who taught me what work ethic really is and how important it is to get your nose in a book to help unlock new ideas in order to prepare and address certain risks that might be on the horizon. His boss was Jan Risi, the CEO of IPC. From Jan I learned how to build strong relationships and the importance of building deep and genuine relationships with key stakeholders and strategic partners. She was great at exploring external industries and bringing back relevant best practices to our business. And she is still the best presenter I have ever seen in my career…my north star.

What is the biggest lesson you have learned in business during your career?

Never underestimate the importance of communicating your vision and the path forward. One of the biggest failures of leaders is assuming people understand what you think and understand where the company/team is headed. Consistently and constantly reiterating that message and reassuring this is who we are, this is what we are all about, and this is where we are going. Then it is clear, people understand expectations, what is necessary and what they need to do, and alignment. If that’s not sharp in a company, no matter how big or small, you’re going to have a lot of different people rowing in different directions and that’s not going to go well.

What single achievement are you most proud of?

For me it’s having a family and being able to support them. That’s what it’s all about. Time with my wife and two kids, whether it’s travelling or hiking or just getting outside and having some fun – that’s about as good as it gets.

What is the toughest challenge you have had to tackle in your career?

Managing Limited Time Offers (LTOs) at SUBWAY®, which are those promotions you see on TV for new food items added to the menu for a specific time period, typically lasting 4-6 weeks long. It’s difficult to explain and to understand what it takes for a supply chain to execute an LTO on a fresh food item when it requires putting something unique on a menu in 30,000 restaurants for 30 days. Orchestrating a massive, multi-country supply chain to have the right product, at the right place, at the right time and at the right price is a magnificent effort. And then, after 30 days, when all the TV, radio and digitial advertising for that LTO shuts off, the goal is to not have any obsolete product left over in the supply chain. That’s probably one of the hardest things I’ve ever had to manage. To put it in perspective, it’s like launching the iPhone X and then removing it in 30 days and you can’t have any leftover parts or components or finished product left over in the supply chain. And you have 30,000 assembly locations instead of just a few. It’s incredible. But it seems to be permission to play now in the food industry.

What are the key challenges currently facing global FMCG leaders in relation to procurement? What do they need to do now to keep ahead of the game?

This challenge is not industry specific. This stretches out further than just the fast moving consumer goods industry. New emerging companies (aka: insurgents) are nimble and faster to market with what consumers are asking for. Those insurgents are popping up everywhere and they are slowly picking away at the margins of well established companies. If you aggregate all of these insurgents within your industry, they add up to a large competitor. This will impact any company that has well established economies of scale and those that have built their business around that scale and efficiencies. Today’s business environment requires flexibility and large scale operations don’t typically have that. These insurgents don’t have all the red tape – bureaucracy and process. Processes are important and have a purpose, like making sure things are done the right way, sourced the right way and made the right way, safely for consumers.  However, all of those things take time and smaller companies may be more willing to take risks and skip steps in order to launch new products faster. Every big company is facing this, how to get more nimble, more agile, how to be able to react to what the consumers want quickly. Older processes must be challenged and tightened to be faster and well-orchestrated throughout the organisation.  This is why alignment across the organisation is so important. A second key challenge is managing risk. Challenges like Brexit, US/China tariffs, US/Canadian tariffs, logistics challenges and how they impact costs across multiple industries. These are not region-specific or industry specific problems any more. They impact everyone because our world is more connected than ever.  The vision for my Sourcing team here at Mars, is to create a strong and nimble supply chain that is prepared for any type of challenge thrown our way. I remind my team that this environment is normal now, especially in supply chain. We live in a VUCA (Volatile, Uncertain, Complex, Ambiguous) world so we must be ready. Our supply chain must be strong and mature enough to deal with whatever happens so it’s essential to have the right strategies in place for the categories that we manage.

Given your background in negotiating with suppliers are you a really tough customer away from work? How do you choose groceries, goods and services when you are making personal purchases?

I absolutely am. My wife Crystal teases me when she hears me on the phone with utilities companies late into the evening because I will negotiate for hours with them. I definitely take it really seriously when I’m negotiating for anything in life. I’m always trying to find value, convenience and quality.

Outside work what else do you enjoy doing in your free time?

I love playing soccer, watching soccer (I’m a huge fan of Arsenal – my grandmother was from Surrey, England), hiking with the family. I love the beach, the outdoors, the ocean. My ultimate favourite is travelling the world and learning about new cultures, music, food, religion, politics. I’ve done every continent but Antarctica – I’ll have to knock that one off the bucket list some time.

What targets have you set yourself for 2019?

2019 is about building a strong commercial sourcing team so I’ll be focused on engagement by building team trust and support. I’ll be getting the team focused and aligned with the business in where it’s going, so connecting the group to the company objectives and making sure every individual knows how their work will impact those goals. 2019 is also about building brilliant category strategies and understanding the current processes, systems and technologies utilised and needed for the future. Fostering strong relationships with our strategic suppliers through our supplier relationship management process and personally I want to build deep working relationships with my cross-functional peers within the Mars Petcare organisation. In 2020, my focus will shift to deploying those sourcing strategies and implementing those technologies (sourcing systems) needed to support the business. 2020 is about building depth within the team by executing our talent development and succession plans for each position. Then my focus will broaden to building relationships with the other Mars organisations like Mars Wrigley Confectionery and Food. I want to understand their businesses, identify synergies and learn some of the great things they’re doing to see if we can partner up on key sourcing initiatives.

 

Stuart Richards is a Senior Consultant in the Global Consumer Practice at HW Global Talent Partner, which has supported Mars Inc. with its executive recruitment for more than a decade. Contact him at stuartr@hwglobalpartner.com or +44 (0) 161 249 5170 or +44 (0) 7787 254 600.

Voice ordering to change everything for online retailers predicts Mars analytics chief

3rd December 2018

Vidyotham Reddi, Director, Advanced Analytics & Measurement, Mars Global Services, Mars Inc. talks to Stuart Richards about his first internship, a revolutionary media measurement system he has recently launched and the next biggest innovation set to transform consumer purchasing.

Your entire career has centred on analysing consumer behaviour. But what first got you interested in data?

My background is in economics, and what drove me there was a deep curiosity of what drives consumption behaviour. In the process of learning my craft I was very intrigued about how most decisions are fundamentally driven by trade-offs, and human behaviour is best understood when one dives deeper into what optimises these trade-offs. Needless to say, behavioural data is the only way to get to this understanding.

Tell us about your educational journey – from Hyderabad to NYC – and your key career moves from New Jersey to Minnesota to Brussels.

I was born in Hyderabad, India, but grew up in East Africa (Kampala, Uganda). We relocated back to Hyderabad when I was in my 5th grade and remained there till I completed my bachelor’s degree (in commerce) where my interest in economics was whetted. I did my master’s degree at the University of Bombay (now University of Mumbai) and was particularly interested in international trade theory. I completed my PhD under Prof. Dominick Salvatore’s mentorship and that is what got me to NYC. While there I was looking for internships during the summer and happened to score one within the market research group at AT&T. I got hooked and decided to take up a full-time offer from AT&T and stayed in the New Jersey area for about 10 years. Eventually I switched my industry from telecommunications to CPG (FMCG) as I wanted to remain in market research/data analytics but broaden my ‘tool kit’ across multiple industries. Nielsen hired me and I stayed with them for a couple years before General Mills hired me from Nielsen and we relocated to Minneapolis. I worked for General Mills for about 13 years before Mars Inc. recruited me to head up their Global Advanced Analytics & Measurement practice and this role is what has brought my family and me to Brussels, Belgium.

What is the biggest lesson you have learned in business during your career?

There are couple things that are stand-out learning over my 23 years in market research and consumer behaviour. This is fundamentally a ‘human’ business and knowing what the consumer wants and giving them what they want is key. Those who can crack this more accurately and sooner than others is what determines success. Often business leaders, with the best of intent, act with a ‘profit first’ mind-set while they should be motivated by a ‘consumer first’ approach and that is where breakout success lies. If one were to take this approach long-term growth and profit is all but assured.

How did you first get into analytics and who have been your key role models/mentors?

There have been many. When I joined AT&T I just tumbled into market research to be honest; I was just mail bombing local companies for a summer internship. They hired me just because I had SAS programming on my resume and they wanted me to come in and run SAS code to run reports that the consumer insights group was using. I had no clue what consumer insights was or what market research was. My first key role model was my first manager at AT&T who was managing my internship. Phil Jackimowitz, who was Consumer Insights Manager B2B, was the first one who mentored, provided me guidance, and got me to understand that the closer you get to the front and understand what people are looking for the more effective and efficient you become in the back room. I had two other influential mentors – both bosses at General Mills. When I got promoted to director, Vivian Millroy was my VP and one of the key things she taught me that I needed to know about business is it’s all about people. Never forget that fact. Whether it’s external from the consumer or internal with your network, it’s always about people and what motivates people. It’s about understanding your stakeholders, meeting your stakeholders halfway and always being open without judging; it’s what will make you the most effective. I continue to use this every day and it’s been the most valuable teaching I have received. The second was Gayle Fuguitt, who has been very influential on my career. She was Senior VP of the Consumer Insights function and promoted me to director. She would say to me that being savvy and understanding the organisation is paramount but also knowing that you are not operating your environment is important. Just know that when you influence and when you are seeking impact be aware that there’s politics around you. She was a visionary but would very quickly come down to execution plans; she would let you fly in the sky but very quickly focus you on ‘ok that’s all great; now tell me how you’re making it happen’. It was a good discipline.

What single achievement are you most proud of – in business or your personal life?

There is one solution we delivered recently at Mars I would single out. We needed to solve a media effectiveness measurement issue; Mars has a growing challenge that we are very good at evaluating what we spend on TV but we are moving from TV to other platforms so how do we create good and robust ways of measuring our efforts? One of the things I led and developed in China, and we are now beginning to partner with Amazon and Google on, is creating an ecosystem that allows us to do a lot of randomised control trials, or A/B testing. We have created a solution in China, working with Alibaba using their online video delivery system, where we can air content and follow sales behaviour. We can do this on demand and in a way we get the results back in two to three weeks. The reason this is revolutionary is that we can do a range of isolated tests before we air. So with this system you can do a lot of testing before spending advertising dollars.

What is the toughest problem you have had to solve in your career and how did you tackle/overcome it?

When I was promoted at General Mills one of my responsibilities was to centralise and scale a key metric tracking system. Everyone was creating metrics and tracking them on their own, so there were multiple versions of the truth. There were some very significant stakeholders who did not have any willingness to change or revisit things that were obviously not working. So I had significant barriers to navigate through and I was a new director and I didn’t have the network. That was my toughest problem. So how did I fast forward my credibility? For the first six months as director I started showing up to my key stakeholders at their desk and walked down to have a coffee with them. Those 30 minute very casual interactions started giving me a sense for what their priorities were, what kept them up at night. I decided that the best way to build credibility was to be transparent and be very upfront about what my purpose was. What started happening is that they slowly felt comfortable picking up the phone to call me and sound me off on thinking and ideas that they had. I was starting to make inroads in being able to influence them in terms of thinking I was bringing forward. That slowly started chipping away at their resistance. It didn’t happen overnight; it took me about two to three years before I really felt I was in the inner circle.

What are the key drivers for food and drink consumers and how has purchasing behaviour changed over the past 20 years?

In the past 20 years there have been significant shifts. There are two, which are not trends but which are embedded, systemic, here to stay with us for the foreseeable future. These are: i) People pay attention to what they are consuming with an increasing sense of purpose. It’s a very mindful thing that they are doing in terms of what they are buying, what is in it, who is making it, how are they making it, where are they sourcing it from? Companies, no matter what they are making or selling, need to understand this. ii) How consumers are sourcing products. It’s like night and day from when I started in this. When I needed something 20 years ago as a consumer I had to make a list, cut my coupons, go to the grocery store, buy my stuff probably one day a week, and I’d usually be the primary grocery shopper for the household. I’d get my stuff, pay by credit card or cheque and I’m done. Fast forward 20 years and it’s unbelievable. I’m not the only primary grocery shopper in the household. All members of the household are potentially doing it simultaneously with our mobile devices. We don’t pay with our cheque books any more, we are primarily using some online payment method, we are not buying just from the grocery store but from a bunch of channels and we are not just buying it one day a week. Some things are arriving directly to my refrigerator because of smart devices and services like Amazon Prime etc. That’s completely changed the dynamic of how we speak to, understand and influence consumers.

Given your unique insight are you a really tough customer? How do you choose goods and services when you are making purchases?

I do view myself as a tough customer. Like most consumers I try to maximise my “value equation”. That doesn’t necessarily only mean the price of a product. Everything I am purchasing, whether it be a low involvement item like groceries or a high involvement item like a car, I am trying to maximise my “value equation” which is a constant trade-off between the quality, price, convenience, taste, etc. If we took the time to understand this about every consumer I think we’d get to a better place in understanding what is motivating their purchasing behaviour.

What sparked your interest in human rights and decision to take on volunteer roles?

Someone close to me was a survivor of domestic violence and, when she came out of that relationship, as a family we tried to support her in any way possible. I experienced things I never could have imagined. When she passed away 12 years ago quite suddenly, I wanted to do something in her memory. That’s when I reached out to the Domestic Abuse Project (Minneapolis, MN) and served on their board and it was very satisfying to me personally. I was able to bring a very unique capability and perspective due to my background in business and market research and realised voluntary organisations needed that kind of support and continue to contribute in any way I can.

Outside work what else do you enjoy doing in your free time?

I love food! I love cooking, I love eating, I love baking. Every Saturday when we can, my daughter and I bake stuff, like cookies and cakes. We have so much fun. My wife Shivani and I also love cooking – Indian, Italian, Mediterranean, Thai, you name it. We also love travelling. We recently had a train trip across Spain – Barcelona, Madrid to Lisbon. We have also recently been to Switzerland and travelled quite a bit in India and the US. One of our favourite places we love being in is southern Spain.

What motivates you the most in your role at Mars in terms of challenges; what achievements give you the greatest satisfaction?

Being able to collaborate as partners to find solutions for entrenched problems, either things that are not easily solvable or that have not been solved for years. The ability to bring in fresh eyes to a well-entrenched problem is highly motivating to me.

What do you think is/are currently the biggest single challenge(s) for global FMCG leaders?

I think the biggest challenge for global FMCG leaders is to not think of the two big shifts in consumer behaviour (mindful purchasing and sources of purchasing) as passing fancies or fads or trends. They’re not; they’re things that are absolutely real. The fact is that they are here to stay and acknowledging that is the biggest challenge.

What do you expect the key advances in technology will be over the next decade that will have the biggest impact on consumer behaviour?

The ability to order things using just your voice. That’s the next biggest advance in technology and I think it will impact every single supplier and seller out there. No doubt about it because imagine, in the old days when you had to buy stuff all you had to do was make sure you were a brand that advertised enough so people would remember your brand when they were making their list. Fast forward that to today if your brand is not tagged well enough in the digital platforms so that it doesn’t appear in the first three search terms when you go on Google then your brand never gets picked. With voice it has to be the first one. How do you get yourself situated where your offering or product is the first thing that gets asked for? Today 80 to 90 per cent of all searches happen on your mobile device via typing. In a few years’ time my prediction is that 90 per cent of your searches are going to happen on a mobile device or some device via voice. I think it’s going to change everything and turn everything we know and understand on its head.

In terms of market research what do global FMCG leaders need to do now to keep ahead of the game?

The way we need to stay ahead of the game is being linked to three pieces: hindsight, insight and foresight. Twenty years ago if we had hindsight to business we were good. You sell stuff, run the numbers, measure the results and a week or two weeks later you find out ‘oh I had a market share of X%’ and that market share improved or dropped by half a point. That was good enough to know that. But then very quickly we needed to be in the world of insight, so take all that hindsight data and then understand from it why did my market share drop or increase half a point. Where we are being pushed now and where we absolutely need to be to be ahead of the game is we need to take the hindsight data, take the insight that comes from it, use them both and predict where the consumer is going next. That’s foresight.

What targets have you set yourself for 2019 – both personal and business?

For business I will continue my journey at Mars to expand my network. That is going to be a big one for me in 2019. And all the big business challenges I have already outlined. On the personal side, because we are living in Belgium now in 2019 my wife and I want to learn French. We feel that if we have not done that in the time we are here we will have wasted an opportunity.

Stuart Richards is a Principal Consultant in the Global Consumer Practice at HW Global Talent Partner. Contact him at stuartr@hwglobalpartner.com or +44 (0) 161 249 5170 or +44 (0) 7787 254 600.