PepsiCo boss to speak on the changing model of FMCGs
Former PepsiCo CEO, Indra Nooyi says the food and beverage industry is going through profound changes.
The famously agile “leader’s leader” (described as “visionary” by Walmart CEO Doug McMillan), will be in Australia to offer future-proofing advice and insights in a not-to-be-missed, interactive and high-level dinner event for Company Directors, CEOs and executive teams in Melbourne on 17 June 2019, and Sydney on 18 June 2019.
In an interview at a Most Powerful Women summit, Nooyi said the whole industry “is getting disrupted in every which way possible.” She said disruptions included the demise of retail as the predominant channel for food and beverage, data proving the decline of grocery shopping and cooking, the impact of data behemoths such as Amazon, and the need for new impulse-product purchasing opportunities.
“It’s either the most exciting time to be a CEO of a food and beverage company, or the most frightening time,” she told the audience.
Nooyi told MPW17 the muscle CEOs have to develop is the ability to anticipate these changes, and to redo the company’s business model for the new world.
“They need to re-set the competitive equation, but marry that with a cost-cutting culture, because the legacy model has to become more cost-competitive while a new model is built for the new times,” she said.
Nooyi’s own forward thinking and adaptive response to business conditions and consumer expectations supercharged PepsiCo’s revenue growth from $35 billion to $63.5 billion, and share price value by 78 per cent.
Nooyi held the post as boss of the Fortune 100 listed company for 12 years until she handed over the reins in late 2018 (she remains Chairman), and implemented radical changes to PepsiCo during her tenure.
Known for her sense of humour, candid stories, and fierce work ethic, Nooyi will answer questions from event delegates, and give a rare first-hand insight into what it takes to run one of the world’s most powerful FMCG companies in these tumultuous modern times.
Limited tickets available. Visit thegrowthfaculty.com to book.