Brave Commerce

Hosted ByRachel Tipograph & Sarah Hofstetter

MikMak Founder & CEO Rachel Tipograph and Profitero’s President Sarah Hofstetter tackle what’s relevant in eCommerce today for the world’s biggest brands. Each episode they’ll share tips worth millions in sales, while interviewing the bravest marketers on how to navigate eCommerce’s latest consumer and retailer dynamics.

BRAVE COMMERCE | Episode Danone’s Linda Bethea on Balancing Purpose and Performance in a Changing CPG World

Brave Commerce
Brave Commerce
BRAVE COMMERCE | Episode Danone's Linda Bethea on Balancing Purpose and Performance in a Changing CPG World
Loading
/

In this episode of BRAVE COMMERCE, hosts Sarah Hofstetter, President of Profitero, and Rachel Tipograph, Founder & CEO of MikMak, sit down with Linda Bethea, the Chief Marketing Officer of Danone North America. Linda shares her insights into how Danone’s mission of delivering health through food to as many people as possible aligns with its business growth strategy and certified B Corp status. Drawing from her experience at PepsiCo and Danone, she discusses the importance of leadership development, culture, and her focus on blending performance with purpose.

Linda also reveals how Danone stays ahead in a dynamic and competitive CPG landscape by constantly evolving its portfolio to meet consumer demands. From reducing sugar to expanding plant-based offerings, Danone remains committed to sustainability and health-conscious choices. Additionally, Linda touches on exciting brand initiatives like Oikos’ partnership with HBCUs to improve student nutrition and support athletes.

As a marketing leader and professor, Linda reflects on how she stays relevant in a rapidly changing industry, engaging with younger generations and embracing digital commerce. She also shares her approach to career bravery, encouraging women to be direct and ask for what they want—whether in the boardroom or beyond.

Key Takeaways:

  • Danone’s commitment to balancing performance with purpose through its B Corp certification and mission-driven leadership.
  • How Linda’s leadership journey at PepsiCo shaped her holistic understanding of business, from sales to marketing and finance.
  • The impact of Danone’s innovations and partnerships, like the Oikos nutrition program, on community health and brand growth.

Hosted on Acast. See acast.com/privacy for more information.

See omnystudio.com/listener for privacy information.

1
00:00:01,050 –> 00:00:03,490
Speaker 1: I think what makes us unique is that we are

2
00:00:03,510 –> 00:00:06,770
Speaker 1: one of the largest certified B corporations in the world,

3
00:00:07,110 –> 00:00:10,270
Speaker 1: which means that we are committed to leveraging business as

4
00:00:10,330 –> 00:00:14,130
Speaker 1: a force for good. We truly believe that performance and

5
00:00:14,270 –> 00:00:18,330
Speaker 1: purpose are intertwined and that you can deliver business results

6
00:00:18,350 –> 00:00:22,270
Speaker 1: while also delivering the right results for people and planet.

7
00:00:22,770 –> 00:00:26,360
Speaker 1: Everyone at Danone stands behind our mission, which is to

8
00:00:26,420 –> 00:00:30,380
Speaker 1: deliver health through food to as many people as possible.

9
00:00:30,700 –> 00:00:33,320
Speaker 1: That’s what brings us to work every day. And that’s

10
00:00:33,340 –> 00:00:36,510
Speaker 1: what gets us excited. How do we leverage our portfolio

11
00:00:36,600 –> 00:00:39,430
Speaker 1: of healthier options to make the world a better place?

12
00:00:41,409 –> 00:00:43,510
Speaker 2: Welcome to today’s episode of Brave Commerce.

13
00:00:43,830 –> 00:00:46,710
Speaker 3: I’m Rachel Tippegraff, the founder and CEO of Micmac.

14
00:00:46,970 –> 00:00:49,449
Speaker 2: I’m Sarah Hofstetter, president of Profitero.

15
00:00:49,650 –> 00:00:51,810
Speaker 3: And this is a show that talks about what’s relevant

16
00:00:51,850 –> 00:01:03,580
Speaker 3: in e-commerce for the world’s biggest brands. Sarah, we know

17
00:01:03,600 –> 00:01:06,800
Speaker 3: Brave Commerce, we get a lot of people across CPG

18
00:01:06,819 –> 00:01:11,479
Speaker 3: on the show. We’re Outside of CPG, and I’m using

19
00:01:11,520 –> 00:01:14,800
Speaker 3: that term loosely to really represent brands that Micmac and

20
00:01:14,819 –> 00:01:16,520
Speaker 3: Profitero work with every day and we get on the

21
00:01:16,580 –> 00:01:19,640
Speaker 3: show at Brave Commerce, what would you say is a

22
00:01:19,970 –> 00:01:23,530
Speaker 3: world-class brand that is in a category that.

23
00:01:23,470 –> 00:01:24,910
Speaker 4: We typically don’t talk to?

24
00:01:26,030 –> 00:01:27,530
Speaker 2: I am drawing a blank.

25
00:01:28,209 –> 00:01:29,170
Speaker 4: I can give you my answer.

26
00:01:29,190 –> 00:01:30,830
Speaker 2: You can give me your answer.

27
00:01:31,030 –> 00:01:34,210
Speaker 3: So I still believe that the world’s greatest brand in

28
00:01:34,250 –> 00:01:35,289
Speaker 3: many ways is Nike.

29
00:01:35,709 –> 00:01:38,410
Speaker 4: I bring this up because… Nike is.

30
00:01:38,390 –> 00:01:42,120
Speaker 3: Going through really tough times right now. And the whole

31
00:01:42,160 –> 00:01:44,819
Speaker 3: world thought that they would never see this day. And

32
00:01:44,840 –> 00:01:48,000
Speaker 3: if you analyze why Nike is not doing well right now,

33
00:01:48,200 –> 00:01:51,820
Speaker 3: it comes back to one simple truth. The employees stopped

34
00:01:51,920 –> 00:01:54,169
Speaker 3: living out the mission and vision of the company.

35
00:01:54,620 –> 00:01:57,510
Speaker 2: Yeah, I hear you. It’s so funny because I went

36
00:01:57,530 –> 00:02:02,070
Speaker 2: through my normal, like, oh, you know, Apple, Amazon, Google, Nike,

37
00:02:02,170 –> 00:02:07,030
Speaker 2: basically West Coast companies. And flawed, flawed, flawed, flawed, flawed.

38
00:02:07,540 –> 00:02:11,600
Speaker 2: And Nike would be the latest of the flawed. And

39
00:02:11,639 –> 00:02:13,639
Speaker 2: when you say, what is the Achilles heel, which is

40
00:02:14,120 –> 00:02:17,410
Speaker 2: ironic considering the name of the brand is Nike, you’re right.

41
00:02:17,660 –> 00:02:20,850
Speaker 2: A big part of it is losing sight of their vision.

42
00:02:21,270 –> 00:02:24,710
Speaker 2: Part of it is also hubris. Part of it is also,

43
00:02:25,470 –> 00:02:27,690
Speaker 2: I’m sure there were plenty of people that saw something

44
00:02:27,750 –> 00:02:31,380
Speaker 2: and didn’t necessarily say something. And there were plenty of

45
00:02:31,419 –> 00:02:34,980
Speaker 2: people that joined Nike, I’m sure, especially, you know, young

46
00:02:35,040 –> 00:02:38,410
Speaker 2: folks joined and said, I’m so excited to see the machine.

47
00:02:38,440 –> 00:02:40,140
Speaker 2: And they walk in, the machine is just not what

48
00:02:40,160 –> 00:02:43,300
Speaker 2: it was. And it goes back to, like you said,

49
00:02:43,520 –> 00:02:45,100
Speaker 2: the vision and the values.

50
00:02:45,680 –> 00:02:47,220
Speaker 4: Nike is one case study example.

51
00:02:47,260 –> 00:02:52,260
Speaker 3: And then when we start to think about, you know, CPG, FMCG,

52
00:02:52,860 –> 00:02:58,260
Speaker 3: just high velocity, super competitive in every which way, at

53
00:02:58,300 –> 00:03:00,280
Speaker 3: the end of the day, why does a consumer choose

54
00:03:00,919 –> 00:03:04,019
Speaker 3: a product? It has everything to do with brand and value.

55
00:03:04,580 –> 00:03:07,440
Speaker 3: How do brands get built? Through mission and values.

56
00:03:07,660 –> 00:03:10,980
Speaker 2: Mission, values, and reasons to believe that it is for me.

57
00:03:11,100 –> 00:03:14,720
Speaker 2: So there is a currency that goes into what makes

58
00:03:14,740 –> 00:03:15,700
Speaker 2: somebody want to.

59
00:03:15,600 –> 00:03:17,180
Speaker 1: Choose a brand.

60
00:03:18,139 –> 00:03:22,230
Speaker 2: And if you can’t articulate why that brand is for you,

61
00:03:22,970 –> 00:03:25,430
Speaker 2: then you won’t be selling as much volume.

62
00:03:25,470 –> 00:03:26,049
Speaker 1: That’s for sure.

63
00:03:26,070 –> 00:03:30,389
Speaker 2: I think the challenge that CPG faces, which arguably one

64
00:03:30,410 –> 00:03:32,490
Speaker 2: would say about Nike or anything else, is when you’re

65
00:03:32,510 –> 00:03:34,370
Speaker 2: selling to mass, how do you make it for you?

66
00:03:35,020 –> 00:03:37,260
Speaker 2: And how do you stay true? So you need North Star.

67
00:03:37,360 –> 00:03:41,220
Speaker 3: So we’re about to bring on Linda, who is the

68
00:03:41,800 –> 00:03:44,730
Speaker 3: CMO of Danone North America. And she’s going to talk

69
00:03:44,870 –> 00:03:46,770
Speaker 3: a lot about mission and values, not just at her

70
00:03:46,810 –> 00:03:50,030
Speaker 3: experience at Danone, but her prior professional experiences as well.

71
00:03:50,310 –> 00:03:52,070
Speaker 4: And how it shapes her as a leader.

72
00:03:51,910 –> 00:03:55,140
Speaker 3: And the strategic decisions that the business is currently making.

73
00:03:55,280 –> 00:03:56,000
Speaker 4: I have to say.

74
00:03:56,650 –> 00:03:58,730
Speaker 2: As you say that, I think back to, you know,

75
00:03:58,790 –> 00:04:01,580
Speaker 2: she is yet another one of the Pepsi alum that

76
00:04:01,600 –> 00:04:03,300
Speaker 2: we have here. And I have to say, I don’t

77
00:04:03,360 –> 00:04:05,980
Speaker 2: even know how I’ve had any professional success without working

78
00:04:06,040 –> 00:04:08,540
Speaker 2: at Pepsi. It just seems like Pepsi or P & G,

79
00:04:08,600 –> 00:04:10,870
Speaker 2: if you didn’t grow up in those places, like you’re

80
00:04:10,880 –> 00:04:13,170
Speaker 2: shit out of luck, man. I’m glad I found another

81
00:04:13,190 –> 00:04:15,570
Speaker 2: way to make it. But man, there’s something there.

82
00:04:16,150 –> 00:04:18,190
Speaker 4: I agree. Well, let’s bring Linda onto the show.

83
00:04:20,200 –> 00:04:23,400
Speaker 3: Today, we are very excited to have Linda Bethea, the

84
00:04:23,460 –> 00:04:26,820
Speaker 3: Chief Marketing Officer of Danone North America, onto the show.

85
00:04:26,839 –> 00:04:27,799
Speaker 1: Hey, Linda.

86
00:04:28,279 –> 00:04:28,900
Speaker 4: Hey, Rachel.

87
00:04:28,960 –> 00:04:29,840
Speaker 1: Thanks for having me.

88
00:04:30,160 –> 00:04:32,830
Speaker 3: Super excited, and we know it’s a very busy season

89
00:04:32,910 –> 00:04:36,570
Speaker 3: because the simple truth is people never stop eating, so

90
00:04:36,610 –> 00:04:37,670
Speaker 3: I don’t know when you get a break.

91
00:04:37,930 –> 00:04:41,650
Speaker 1: Yes, our business is seasonal in some categories, but yes,

92
00:04:41,730 –> 00:04:44,890
Speaker 1: we have offerings year-round to satisfy consumers’ needs.

93
00:04:46,130 –> 00:04:49,410
Speaker 3: Before we get into all things Danone, I did notice

94
00:04:49,610 –> 00:04:53,150
Speaker 3: that you spent the first part of your career at PepsiCo.

95
00:04:53,470 –> 00:04:56,050
Speaker 3: And we’ve actually had a bunch of other PepsiCo alum

96
00:04:56,089 –> 00:04:59,270
Speaker 3: on the show, and they’ve all become CMOs or CEOs.

97
00:04:59,750 –> 00:05:03,040
Speaker 3: I always feel like there’s something in the water at PepsiCo.

98
00:05:02,500 –> 00:05:04,419
Speaker 4: That breeds C-suite leaders.

99
00:05:04,980 –> 00:05:08,840
Speaker 3: What is it about PepsiCo that this is constantly the outcome?

100
00:05:09,100 –> 00:05:13,279
Speaker 1: PepsiCo is a fantastic training ground for leaders. I think

101
00:05:13,300 –> 00:05:17,760
Speaker 1: they are really, really good at identifying and recruiting talent.

102
00:05:18,320 –> 00:05:21,779
Speaker 1: And then they don’t just train you as a functional leader,

103
00:05:22,120 –> 00:05:25,280
Speaker 1: but as a true business leader. So I started my

104
00:05:25,360 –> 00:05:29,669
Speaker 1: PepsiCo career as an assistant brand manager at Frito-Lay on

105
00:05:29,700 –> 00:05:32,890
Speaker 1: the Lay’s potato chip portfolio. But throughout the course of

106
00:05:32,950 –> 00:05:36,810
Speaker 1: my career, had the opportunity to work across different categories

107
00:05:37,200 –> 00:05:41,110
Speaker 1: different brands, different markets, and different functions. And I think

108
00:05:41,130 –> 00:05:43,969
Speaker 1: that’s really what helped me grow as a leader. About

109
00:05:44,050 –> 00:05:47,409
Speaker 1: five years into my career, I had an opportunity to

110
00:05:47,450 –> 00:05:51,409
Speaker 1: do a rotation in the field sales organization. And Frito-Lay

111
00:05:51,450 –> 00:05:54,339
Speaker 1: is unique in that they have over 20,000 feet on

112
00:05:54,360 –> 00:05:57,739
Speaker 1: the street that are in the stores every day, selling

113
00:05:57,760 –> 00:06:01,760
Speaker 1: the products, merchandising the products, driving the trucks, delivering the products,

114
00:06:01,800 –> 00:06:05,660
Speaker 1: et cetera. And being able to understand that side of

115
00:06:05,720 –> 00:06:09,820
Speaker 1: the business really made me a better marketer. And from there,

116
00:06:09,960 –> 00:06:12,049
Speaker 1: I moved over to the beverage side of the business

117
00:06:12,410 –> 00:06:17,049
Speaker 1: and was really focused on expanding our portfolios into nascent

118
00:06:17,130 –> 00:06:19,909
Speaker 1: and growing categories. And so it was a really close

119
00:06:19,950 –> 00:06:23,360
Speaker 1: partnership with our finance team to truly understand how a

120
00:06:23,400 –> 00:06:27,060
Speaker 1: P & L operates, which expanded my knowledge of the

121
00:06:27,120 –> 00:06:30,220
Speaker 1: business even more. And throughout all of that, I had

122
00:06:30,240 –> 00:06:35,779
Speaker 1: the opportunity to lead teams, attend leadership training programs, Indra Nooyi,

123
00:06:35,800 –> 00:06:39,440
Speaker 1: when she was CEO, would hand-select a group of 12

124
00:06:39,440 –> 00:06:43,529
Speaker 1: people every year to do a three-day off-site led by her,

125
00:06:43,950 –> 00:06:47,910
Speaker 1: where she imparted her wisdom as a leader. So overall,

126
00:06:48,150 –> 00:06:51,950
Speaker 1: it really expanded my capabilities as both a functional and

127
00:06:51,980 –> 00:06:54,780
Speaker 1: a leadership expert that enabled me to be the leader

128
00:06:54,800 –> 00:06:55,340
Speaker 1: I am today.

129
00:06:55,560 –> 00:06:58,120
Speaker 3: We actually had the pleasure of interviewing Indra two years ago,

130
00:06:58,140 –> 00:06:59,620
Speaker 3: and it was like a career highlight.

131
00:06:59,640 –> 00:07:01,660
Speaker 4: I mean, that woman is incredible.

132
00:07:02,100 –> 00:07:02,340
Speaker 1: Are there.

133
00:07:02,950 –> 00:07:06,010
Speaker 3: aspects of sort of the learning and development leadership training

134
00:07:06,050 –> 00:07:08,490
Speaker 3: that you had at PepsiCo that you’re bringing over to Danone?

135
00:07:09,330 –> 00:07:09,590
Speaker 5: Yes.

136
00:07:09,630 –> 00:07:11,650
Speaker 1: And then there are some I’m absolutely not bringing over

137
00:07:11,690 –> 00:07:15,820
Speaker 1: to Danone. I think, again, it’s a wonderful training ground.

138
00:07:16,120 –> 00:07:19,300
Speaker 1: And a lot of the frameworks they leverage are easily

139
00:07:19,360 –> 00:07:23,400
Speaker 1: lifted and shifted to other companies and cultures. But I

140
00:07:23,440 –> 00:07:27,080
Speaker 1: think what makes Danone unique is our culture. It’s one

141
00:07:27,100 –> 00:07:29,440
Speaker 1: of the things that attracted me to Danone. And it’s

142
00:07:29,460 –> 00:07:32,230
Speaker 1: the reason I’ve been here for five years. And so

143
00:07:32,270 –> 00:07:35,230
Speaker 1: I think you do have to tailor things specifically to

144
00:07:35,290 –> 00:07:38,380
Speaker 1: the type of leaders you want to build within the

145
00:07:38,440 –> 00:07:39,480
Speaker 1: company you’re working in.

146
00:07:39,940 –> 00:07:43,380
Speaker 2: It’s got to be very interesting given divestitures acquisitions. There

147
00:07:43,420 –> 00:07:45,040
Speaker 2: was the whole white wave thing that happened a few

148
00:07:45,080 –> 00:07:47,940
Speaker 2: years ago. And there’s just so much change that’s going

149
00:07:48,060 –> 00:07:50,880
Speaker 2: on in Danone in general. How do you keep that

150
00:07:51,200 –> 00:07:53,840
Speaker 2: focus on talent and culture? How would you even define

151
00:07:54,500 –> 00:07:58,080
Speaker 2: the culture at Danone at the moment? And what impact

152
00:07:58,100 –> 00:08:01,380
Speaker 2: do you want to have on it as it enhances

153
00:08:01,500 –> 00:08:02,610
Speaker 2: over your tenure here?

154
00:08:02,620 –> 00:08:05,530
Speaker 1: I think what makes us unique is that we are

155
00:08:05,550 –> 00:08:08,830
Speaker 1: one of the largest certified B corporations in the world,

156
00:08:09,230 –> 00:08:12,390
Speaker 1: which means that we are committed to leveraging business as

157
00:08:12,450 –> 00:08:16,440
Speaker 1: a force for good. We truly believe that performance and

158
00:08:16,560 –> 00:08:20,739
Speaker 1: purpose are intertwined and that you can deliver business results

159
00:08:20,940 –> 00:08:24,740
Speaker 1: while also delivering the right results for people and planet.

160
00:08:25,140 –> 00:08:29,310
Speaker 1: And so everyone at Danone stands behind our mission. which

161
00:08:29,370 –> 00:08:32,870
Speaker 1: is to deliver health through food to as many people

162
00:08:32,929 –> 00:08:35,990
Speaker 1: as possible. That’s what brings us to work every day.

163
00:08:36,010 –> 00:08:38,910
Speaker 1: And that’s what gets us excited. How do we leverage

164
00:08:39,090 –> 00:08:42,770
Speaker 1: our portfolio of healthier options to make the world a

165
00:08:42,790 –> 00:08:43,330
Speaker 1: better place?

166
00:08:43,850 –> 00:08:46,610
Speaker 2: So how does that manifest itself in the day-to-day behaviors

167
00:08:46,690 –> 00:08:49,720
Speaker 2: of the organization? Because you said two things that almost

168
00:08:49,750 –> 00:08:52,880
Speaker 2: sound paradoxical, which you highlighted as unique. You’re a B

169
00:08:52,920 –> 00:08:57,300
Speaker 2: Corp and you’re humongous. So- How does that manifest itself

170
00:08:57,320 –> 00:09:00,080
Speaker 2: when it comes to coming to work every day? What

171
00:09:00,179 –> 00:09:06,219
Speaker 2: behaviors do you see as unique to Danone employees that

172
00:09:06,320 –> 00:09:08,920
Speaker 2: make them live that B Corp mindset?

173
00:09:09,230 –> 00:09:12,150
Speaker 1: So we do have a framework called the Danone Leadership

174
00:09:12,190 –> 00:09:15,490
Speaker 1: Behaviors that everyone gets trained on. And it’s something we

175
00:09:15,590 –> 00:09:19,670
Speaker 1: talk about regularly at Danone. One example, which is my

176
00:09:19,730 –> 00:09:21,870
Speaker 1: favorite one, is called Put the Fish on the Table.

177
00:09:22,460 –> 00:09:25,080
Speaker 1: As a leader, you have to be willing to have

178
00:09:25,140 –> 00:09:29,660
Speaker 1: those difficult conversations in order to drive the business forward,

179
00:09:29,900 –> 00:09:32,780
Speaker 1: in order to make sure you’re not making trade-offs that

180
00:09:32,820 –> 00:09:35,579
Speaker 1: are not aligned with your mission or your true north.

181
00:09:36,000 –> 00:09:38,500
Speaker 1: And so that’s something we’ve absolutely committed to as a

182
00:09:38,520 –> 00:09:41,660
Speaker 1: leadership team is we have those difficult conversations and we

183
00:09:41,720 –> 00:09:44,990
Speaker 1: always make sure that we’re balancing that performance with purpose

184
00:09:45,420 –> 00:09:48,430
Speaker 1: and we drive proven results through that. I’ll use the

185
00:09:48,470 –> 00:09:52,900
Speaker 1: example of our Oikos yogurt brand. Oikos is a protein-packed

186
00:09:53,020 –> 00:09:57,390
Speaker 1: yogurt that’s really focused on delivering the strength you need

187
00:09:57,410 –> 00:10:01,480
Speaker 1: to make you unstoppable every day. And that shows up, obviously,

188
00:10:01,520 –> 00:10:05,020
Speaker 1: in the product itself, where we have Oikos Pro with

189
00:10:05,080 –> 00:10:08,130
Speaker 1: over 20 grams of protein per serving. But it also

190
00:10:08,210 –> 00:10:10,710
Speaker 1: shows up in our marketing and how we bring that

191
00:10:10,770 –> 00:10:13,590
Speaker 1: to life, as well as the impact that we’re having

192
00:10:13,830 –> 00:10:18,599
Speaker 1: on communities. And so through our insights work, we uncovered

193
00:10:18,670 –> 00:10:23,770
Speaker 1: that Less than 50% of students at historically Black colleges

194
00:10:23,830 –> 00:10:27,980
Speaker 1: and universities have access to nutritious foods. And we had

195
00:10:28,020 –> 00:10:30,500
Speaker 1: a partnership with Deon Sanders, who at the time was

196
00:10:30,520 –> 00:10:34,440
Speaker 1: the head coach at Jackson State and HBCU. And so

197
00:10:34,480 –> 00:10:38,180
Speaker 1: we partnered with him to create the Oikos Nutrition Sponsorship,

198
00:10:38,580 –> 00:10:43,680
Speaker 1: or actually providing healthier snack options to the athletes at

199
00:10:43,720 –> 00:10:48,230
Speaker 1: historically Black colleges and universities and working with them to

200
00:10:48,530 –> 00:10:52,910
Speaker 1: share nutrition advice and information and really help those athletes

201
00:10:53,390 –> 00:10:56,960
Speaker 1: uncover the strength they need to be unstoppable. And so

202
00:10:57,240 –> 00:11:00,420
Speaker 1: that’s an example of how we balance performance with purpose,

203
00:11:00,900 –> 00:11:04,820
Speaker 1: delivering a healthier product, bringing it to life at scale

204
00:11:04,860 –> 00:11:07,960
Speaker 1: through our marketing, but also giving back to the communities

205
00:11:08,020 –> 00:11:08,500
Speaker 1: we serve.

206
00:11:09,420 –> 00:11:12,540
Speaker 2: I want to go back to your fish on the table.

207
00:11:12,559 –> 00:11:15,300
Speaker 2: That’s something that both Rachel and I have lived in

208
00:11:15,360 –> 00:11:19,179
Speaker 2: our values at our companies. Although I think I originally

209
00:11:19,240 –> 00:11:21,660
Speaker 2: learned it from Rashad Tabakawala and he called it the

210
00:11:21,820 –> 00:11:24,170
Speaker 2: turd on the table. And so maybe it’s just more

211
00:11:24,210 –> 00:11:26,610
Speaker 2: alliterative and also it’s probably a lot nicer.

212
00:11:27,010 –> 00:11:29,130
Speaker 3: Ours is, we have a company value called Put the

213
00:11:29,150 –> 00:11:30,090
Speaker 3: McMoose on the Table.

214
00:11:30,110 –> 00:11:32,070
Speaker 2: So you have the moose, the fish.

215
00:11:32,309 –> 00:11:32,530
Speaker 4: Yeah.

216
00:11:32,650 –> 00:11:33,130
Speaker 3: It’s interesting.

217
00:11:33,150 –> 00:11:34,850
Speaker 2: The moose doesn’t smell nearly as bad as the fish

218
00:11:34,890 –> 00:11:35,410
Speaker 2: in the turd.

219
00:11:35,690 –> 00:11:37,770
Speaker 1: Well, that’s why the fish analogy works so great because

220
00:11:37,790 –> 00:11:40,730
Speaker 1: sometimes it’s a really stinky fish and people are afraid

221
00:11:40,770 –> 00:11:42,650
Speaker 1: to put the stinky fish on the table, but you

222
00:11:42,670 –> 00:11:44,179
Speaker 1: have to be willing to do that if you want

223
00:11:44,200 –> 00:11:45,480
Speaker 1: to live the Danone values.

224
00:11:46,000 –> 00:11:49,690
Speaker 2: Your Oikos example is right about that balancing of the

225
00:11:49,750 –> 00:11:52,830
Speaker 2: performance and the values, which is great. Do you have

226
00:11:52,850 –> 00:11:56,990
Speaker 2: an example of an instance where you’ve put that fish

227
00:11:57,050 –> 00:11:59,930
Speaker 2: on the table and it’s created a better outcome, whether

228
00:11:59,970 –> 00:12:03,610
Speaker 2: that’s with talent or whether that’s on maybe a go-to-market

229
00:12:03,929 –> 00:12:06,730
Speaker 2: or a product launch or something like that?

230
00:12:06,750 –> 00:12:09,250
Speaker 1: I have a lot of different examples in this space.

231
00:12:09,550 –> 00:12:11,150
Speaker 1: Talent is a good one because we talked about that

232
00:12:11,250 –> 00:12:14,490
Speaker 1: earlier and really being able to identify and recruit the

233
00:12:14,530 –> 00:12:19,000
Speaker 1: right talent. I truly believe as a marketer that we

234
00:12:19,080 –> 00:12:22,260
Speaker 1: need to deliver against our mission, which again is deliver

235
00:12:22,280 –> 00:12:24,500
Speaker 1: health through food to as many people as possible. To

236
00:12:24,559 –> 00:12:26,830
Speaker 1: reach as many people as possible, you have to be

237
00:12:26,870 –> 00:12:29,970
Speaker 1: reaching a diverse set of consumers. In order to do

238
00:12:30,030 –> 00:12:34,030
Speaker 1: that successfully, you need a diverse workforce. And we realized

239
00:12:34,070 –> 00:12:36,470
Speaker 1: at a point in time that we weren’t recruiting and

240
00:12:36,510 –> 00:12:40,449
Speaker 1: retaining as many diverse, talented employees as we could be.

241
00:12:40,790 –> 00:12:43,380
Speaker 1: And we really dug into that and discovered that we

242
00:12:43,420 –> 00:12:47,290
Speaker 1: had stopped recruiting because at some key places in that space.

243
00:12:47,510 –> 00:12:49,870
Speaker 1: And so we had to have the difficult conversation around

244
00:12:50,010 –> 00:12:52,709
Speaker 1: why did we stop doing that? How do we change

245
00:12:53,110 –> 00:12:56,110
Speaker 1: our talent recruitment process going forward to make sure that

246
00:12:56,130 –> 00:12:59,610
Speaker 1: we are getting the most talented, diverse workforce possible?

247
00:12:59,990 –> 00:13:02,630
Speaker 3: Now, while business all starts with people and always comes

248
00:13:02,670 –> 00:13:05,710
Speaker 3: back to people, there’s also just sort of the macro

249
00:13:05,750 –> 00:13:09,349
Speaker 3: backdrop that the company is playing in. And in CPG

250
00:13:09,410 –> 00:13:12,120
Speaker 3: right now, it seems like a wild time. Volume sales

251
00:13:12,150 –> 00:13:16,270
Speaker 3: are down for a lot of companies. There’s channel disruption.

252
00:13:16,570 –> 00:13:21,429
Speaker 3: We’re watching divestitures happen. We’re watching acquisitions happen. And with Danone,

253
00:13:21,450 –> 00:13:23,910
Speaker 3: I think there was a recent acquisition announcement as well.

254
00:13:24,530 –> 00:13:28,410
Speaker 3: What do you feel it takes today for large CPG

255
00:13:28,480 –> 00:13:30,140
Speaker 3: companies to stand the test of time?

256
00:13:30,160 –> 00:13:32,520
Speaker 1: I mean, you’re absolutely right. It is a wild time

257
00:13:32,580 –> 00:13:36,040
Speaker 1: to be in CPG. I think that also makes it exciting.

258
00:13:36,440 –> 00:13:38,760
Speaker 1: And what I love about Danone is we do have

259
00:13:38,800 –> 00:13:42,120
Speaker 1: that true north. And it guides everything we do and

260
00:13:42,220 –> 00:13:44,939
Speaker 1: keeps us focused at a time when other companies may

261
00:13:44,960 –> 00:13:49,020
Speaker 1: get distracted by what’s happening in the macro environment, in

262
00:13:49,040 –> 00:13:52,319
Speaker 1: the economic environment, in the political climate, what’s happening with

263
00:13:52,360 –> 00:13:55,970
Speaker 1: consumer trends. And so we have a strategy called Renew

264
00:13:56,010 –> 00:13:59,610
Speaker 1: to Known, where we’re constantly looking at our portfolio and

265
00:13:59,730 –> 00:14:02,530
Speaker 1: rotating it accordingly so that we can stay true to

266
00:14:03,030 –> 00:14:06,319
Speaker 1: our mission and our vision, but also keep up with

267
00:14:06,380 –> 00:14:10,590
Speaker 1: evolving trends. external macro trends. And so, as you mentioned,

268
00:14:10,610 –> 00:14:13,410
Speaker 1: we have divested of businesses over the past few years

269
00:14:13,450 –> 00:14:16,500
Speaker 1: that didn’t necessarily align with where we’re going as a company.

270
00:14:16,800 –> 00:14:19,680
Speaker 1: And we’ve also made acquisitions to bring in brands that

271
00:14:19,700 –> 00:14:23,080
Speaker 1: we think are aligned with where we see consumer trends

272
00:14:23,140 –> 00:14:26,520
Speaker 1: going in the future. We also approach our innovation from

273
00:14:26,560 –> 00:14:29,869
Speaker 1: that standpoint. We have parts of our portfolio that historically

274
00:14:29,930 –> 00:14:33,430
Speaker 1: may not have met that definition of delivering health through

275
00:14:33,470 –> 00:14:35,810
Speaker 1: food to as many people as possible. And so we’ve

276
00:14:35,830 –> 00:14:39,410
Speaker 1: worked really hard to reduce sugar levels in our products,

277
00:14:39,710 –> 00:14:43,310
Speaker 1: to expand our plant-based offerings, and really look at our

278
00:14:43,350 –> 00:14:47,410
Speaker 1: innovation pipeline going forward to making sure we’re delivering more protein,

279
00:14:47,670 –> 00:14:52,460
Speaker 1: more fiber, more medical nutritional needs to really deliver against

280
00:14:52,500 –> 00:14:54,380
Speaker 1: that mission on an ongoing basis.

281
00:14:55,010 –> 00:14:58,510
Speaker 3: Where do you look for those insights on where consumers

282
00:14:58,570 –> 00:15:00,410
Speaker 3: are heading next when it comes to food?

283
00:15:00,750 –> 00:15:03,770
Speaker 1: Yeah, I mean, one of our key values and beliefs

284
00:15:04,010 –> 00:15:08,320
Speaker 1: is consumer shopper and patient centricity. And so we really

285
00:15:08,420 –> 00:15:13,440
Speaker 1: focus on having that ongoing dialogue with consumers, obviously through

286
00:15:13,460 –> 00:15:16,890
Speaker 1: our insights team. We do a lot of foundational consumer

287
00:15:16,930 –> 00:15:20,510
Speaker 1: research and ongoing consumer research. We also do a ton

288
00:15:20,530 –> 00:15:24,590
Speaker 1: of social listening. What conversations are happening out there? that

289
00:15:24,680 –> 00:15:28,030
Speaker 1: can help us understand what consumers care about, what they’re

290
00:15:28,070 –> 00:15:32,130
Speaker 1: talking about. One big focus right now is what’s happening

291
00:15:32,170 –> 00:15:36,130
Speaker 1: in the space with GLP-1 drugs. That’s a growing percent

292
00:15:36,170 –> 00:15:39,710
Speaker 1: of our population that is turning to those for weight

293
00:15:39,750 –> 00:15:44,110
Speaker 1: loss and for diabetes. And as a healthier portfolio, we

294
00:15:44,130 –> 00:15:46,870
Speaker 1: can play a role in helping make sure people that

295
00:15:46,910 –> 00:15:50,690
Speaker 1: are on GLP-1 drugs are getting the nutrition they need

296
00:15:51,010 –> 00:15:52,230
Speaker 1: to be their best every day.

297
00:15:52,650 –> 00:15:56,410
Speaker 3: It’s fascinating how you’re highlighting that as a growth sentiment. Yeah,

298
00:15:56,630 –> 00:15:59,000
Speaker 3: I just was with an alcohol customer who talked about

299
00:15:59,040 –> 00:16:00,380
Speaker 3: that for different reasons.

300
00:16:00,820 –> 00:16:01,920
Speaker 1: So yeah. Absolutely.

301
00:16:02,460 –> 00:16:05,880
Speaker 2: It’s an interesting one as we start looking at GLP-1s

302
00:16:05,980 –> 00:16:07,140
Speaker 2: as risk factors or.

303
00:16:09,190 –> 00:16:09,870
Speaker 5: Enablers.

304
00:16:10,290 –> 00:16:12,450
Speaker 2: And it kind of talks to the whole idea of

305
00:16:12,550 –> 00:16:15,690
Speaker 2: how do you look at your vulnerabilities as strengths? And

306
00:16:16,030 –> 00:16:18,940
Speaker 2: that is definitely a really good example of that. Do

307
00:16:18,960 –> 00:16:21,300
Speaker 2: you have any other examples of things that you’ve looked at,

308
00:16:21,340 –> 00:16:25,120
Speaker 2: whether that’s in your portfolio or even within yourself as

309
00:16:25,180 –> 00:16:27,960
Speaker 2: a leader of something you might’ve thought was a vulnerability

310
00:16:28,020 –> 00:16:30,800
Speaker 2: that you now say, you know what, actually, that’s something

311
00:16:30,820 –> 00:16:31,660
Speaker 2: that really guides me.

312
00:16:32,280 –> 00:16:36,820
Speaker 1: I’ll use a product example. First, Evian. We play in

313
00:16:36,840 –> 00:16:40,700
Speaker 1: the bottled water category, right? Plastic bottled water is not

314
00:16:40,780 –> 00:16:44,000
Speaker 1: exactly something that people would point to, you know, something

315
00:16:44,040 –> 00:16:46,920
Speaker 1: that’s good for you or the planet. We believe that

316
00:16:46,960 –> 00:16:50,840
Speaker 1: healthy hydration is an important component of nutrition. And so

317
00:16:50,860 –> 00:16:53,040
Speaker 1: we had to take a hard look at ourselves and say, okay,

318
00:16:53,340 –> 00:16:56,890
Speaker 1: how can we improve this portfolio to make it better

319
00:16:57,330 –> 00:17:01,290
Speaker 1: for people and the planet? And we committed to delivering 100%

320
00:17:01,290 –> 00:17:06,820
Speaker 1: circular package on Evian by 2025. And I’m proud to

321
00:17:06,859 –> 00:17:08,940
Speaker 1: say we actually beat that. And by the end of

322
00:17:08,980 –> 00:17:12,850
Speaker 1: this year, all of Evian bottles in the US will

323
00:17:12,869 –> 00:17:16,250
Speaker 1: be 100% circular. And what that essentially means is all

324
00:17:16,310 –> 00:17:19,629
Speaker 1: components can be recycled or are made from recycled materials.

325
00:17:19,710 –> 00:17:23,520
Speaker 1: So making sure that as we continue to innovate and

326
00:17:23,560 –> 00:17:26,060
Speaker 1: grow our portfolio, that we’re doing so in a way

327
00:17:26,100 –> 00:17:28,119
Speaker 1: that makes sure we’re good stewards of the planet.

328
00:17:28,440 –> 00:17:32,680
Speaker 3: So you talked about Evian. Water’s not easy to ship online.

329
00:17:32,900 –> 00:17:35,060
Speaker 3: You have a lot of products in the portfolio that

330
00:17:35,100 –> 00:17:38,240
Speaker 3: are perishable. So given that a big area of focus

331
00:17:38,280 –> 00:17:43,290
Speaker 3: on this show is e-commerce, how does Danone overcome some

332
00:17:43,330 –> 00:17:46,149
Speaker 3: of these challenges that are just natural to the portfolio

333
00:17:46,170 –> 00:17:47,470
Speaker 3: when it comes to online selling?

334
00:17:47,930 –> 00:17:50,380
Speaker 1: You’re absolutely right in that it’s a challenge. The majority

335
00:17:50,400 –> 00:17:54,780
Speaker 1: of our portfolio is refrigerated or frozen, which definitely poses

336
00:17:54,840 –> 00:17:59,190
Speaker 1: a challenge. But we believe in the future of digital commerce.

337
00:17:59,590 –> 00:18:03,950
Speaker 1: That is where consumers are shopping today. I myself am

338
00:18:04,150 –> 00:18:08,129
Speaker 1: a very loyal e-com shopper. I shop via e-com multiple

339
00:18:08,150 –> 00:18:11,530
Speaker 1: times per week through various platforms, whether they are pure

340
00:18:11,570 –> 00:18:15,150
Speaker 1: plays or delivery networks. And so we have built that

341
00:18:15,310 –> 00:18:18,250
Speaker 1: up as an internal capability where we want to make

342
00:18:18,330 –> 00:18:21,990
Speaker 1: sure that we are staying ahead of consumer and shopper

343
00:18:22,040 –> 00:18:25,060
Speaker 1: trends and meeting shoppers where they are. And so we

344
00:18:25,100 –> 00:18:28,780
Speaker 1: do segment our portfolio based on what platforms make sense,

345
00:18:29,200 –> 00:18:33,270
Speaker 1: whether it is an ambient platform frozen or refrigerated product.

346
00:18:33,590 –> 00:18:36,270
Speaker 1: And then we’re also looking at building out some D2C

347
00:18:36,310 –> 00:18:39,890
Speaker 1: capabilities for parts of our portfolio. We think that is

348
00:18:40,109 –> 00:18:43,770
Speaker 1: a growing opportunity area for us as we get into

349
00:18:43,890 –> 00:18:44,750
Speaker 1: different segments.

350
00:18:45,050 –> 00:18:48,429
Speaker 3: How do you think about D2C alongside your big retail

351
00:18:48,470 –> 00:18:49,230
Speaker 3: partner channels?

352
00:18:50,090 –> 00:18:53,379
Speaker 1: I think they’re complementary. We segment our channels based on

353
00:18:53,420 –> 00:18:56,340
Speaker 1: the role that they play for each brand in our portfolio.

354
00:18:56,810 –> 00:18:59,250
Speaker 1: And some channels are going to be better discovery channels

355
00:18:59,410 –> 00:19:02,710
Speaker 1: as we launch new brands and products. And then other

356
00:19:02,750 –> 00:19:05,870
Speaker 1: channels will be better to drive that ongoing loyalty, whether

357
00:19:05,890 –> 00:19:08,470
Speaker 1: it’s a subscribe and save through Amazon or through a

358
00:19:08,520 –> 00:19:11,159
Speaker 1: D2C offering. And then you also have to look at

359
00:19:11,619 –> 00:19:14,680
Speaker 1: the consumption habits. Some of the products in our portfolio

360
00:19:15,180 –> 00:19:18,200
Speaker 1: are daily consumption. And that makes sense to sell through

361
00:19:18,240 –> 00:19:21,500
Speaker 1: different channels versus something that may be more infrequent.

362
00:19:21,980 –> 00:19:24,379
Speaker 2: I think that makes sense. I mean, especially as you

363
00:19:24,420 –> 00:19:26,720
Speaker 2: look at like you said, subscribe and save on something

364
00:19:26,760 –> 00:19:29,320
Speaker 2: like yogurt, which is just a, if you’re a habitual

365
00:19:29,359 –> 00:19:31,220
Speaker 2: yogurt eater, you’re going to want to buy a lot.

366
00:19:31,280 –> 00:19:34,800
Speaker 2: I have noticed as also in the heavy duty Omni

367
00:19:34,820 –> 00:19:37,320
Speaker 2: shopper myself, that you guys run a lot of promotions

368
00:19:37,359 –> 00:19:40,790
Speaker 2: that are portfolio wide, which is kind of interesting. So

369
00:19:40,910 –> 00:19:43,550
Speaker 2: when you look at that, I noticed one actually this

370
00:19:43,590 –> 00:19:47,670
Speaker 2: week on Instacart with Walmart, I buy certain products, get

371
00:19:47,670 –> 00:19:49,930
Speaker 2: $ 10 off or whatever it was. And it was across

372
00:19:50,140 –> 00:19:55,400
Speaker 2: the portfolio. I know what Danone products are, but generally speaking,

373
00:19:55,420 –> 00:19:59,100
Speaker 2: they’re sold in different areas of the store. Is that

374
00:19:59,140 –> 00:20:01,020
Speaker 2: a different way that you guys think about the way

375
00:20:01,060 –> 00:20:04,040
Speaker 2: you approach scale? How do you think about that differently?

376
00:20:04,080 –> 00:20:06,500
Speaker 2: And how is your relationship almost with the sales team

377
00:20:06,820 –> 00:20:10,030
Speaker 2: manifesting itself in how you go to market on promo?

378
00:20:10,240 –> 00:20:13,649
Speaker 1: Yeah, consumers don’t buy companies, they buy brands. So to

379
00:20:13,690 –> 00:20:17,730
Speaker 1: your point, they may not know that Evian, Silk, and

380
00:20:17,869 –> 00:20:21,669
Speaker 1: Oikos are all manufactured by Danone, but that is one

381
00:20:21,690 –> 00:20:23,909
Speaker 1: of the benefits of a large company is that we

382
00:20:23,950 –> 00:20:29,450
Speaker 1: can leverage our scale to drive growth at key customers, right?

383
00:20:29,470 –> 00:20:34,100
Speaker 1: We can drive that basket ring up leveraging shopper insights

384
00:20:34,130 –> 00:20:39,020
Speaker 1: to understand what categories are purchased or consumed together. We

385
00:20:39,040 –> 00:20:41,879
Speaker 1: can also do that in partnership with others. We have

386
00:20:41,900 –> 00:20:45,980
Speaker 1: a partnership right now on Silk with Kellogg’s cereal because

387
00:20:46,040 –> 00:20:49,100
Speaker 1: we know that cereal is a huge breakfast occasion in

388
00:20:49,140 –> 00:20:52,040
Speaker 1: the US and a huge portion of cereal users are

389
00:20:52,080 –> 00:20:55,859
Speaker 1: looking for a plant-based option in their cereal. And so

390
00:20:55,900 –> 00:20:58,690
Speaker 1: that’s an example of where we’re partnering together To drive

391
00:20:58,730 –> 00:21:01,830
Speaker 1: that scale, we also do that across the total breakfast

392
00:21:01,869 –> 00:21:05,810
Speaker 1: occasion across our portfolio. We have coffee creamers. We have

393
00:21:06,130 –> 00:21:09,209
Speaker 1: plant-based milks. We have yogurts. And so we can bundle

394
00:21:09,260 –> 00:21:13,240
Speaker 1: those together to deliver a total solution to the shopper

395
00:21:13,500 –> 00:21:15,560
Speaker 1: that then drives basket ring for the customer.

396
00:21:16,020 –> 00:21:18,859
Speaker 3: Turning to you, if you don’t mind for a second.

397
00:21:19,240 –> 00:21:23,270
Speaker 3: So beyond being the CMO of Danone, you also are

398
00:21:23,369 –> 00:21:25,570
Speaker 3: a professor of marketing. which I love, by the way,

399
00:21:25,590 –> 00:21:28,910
Speaker 3: it’s a bucket list for me. And so selfishly, I’m curious,

400
00:21:29,250 –> 00:21:32,470
Speaker 3: how do you build a curriculum for marketing today when

401
00:21:32,830 –> 00:21:34,109
Speaker 3: things change at light speed?

402
00:21:34,630 –> 00:21:37,740
Speaker 1: So I love teaching. It’s actually when I was younger,

403
00:21:37,800 –> 00:21:39,179
Speaker 1: that’s what I wanted to be when I grew up

404
00:21:39,220 –> 00:21:41,100
Speaker 1: was a teacher. So this is a way to fulfill

405
00:21:41,119 –> 00:21:44,859
Speaker 1: my childhood dream as my side hustle. And I love

406
00:21:44,920 –> 00:21:48,859
Speaker 1: connecting with students because it also gives me fresh perspective.

407
00:21:49,140 –> 00:21:51,880
Speaker 1: To your point, marketing is changing at the speed of light.

408
00:21:52,330 –> 00:21:55,060
Speaker 1: And a lot of it is driven by younger generations.

409
00:21:55,420 –> 00:21:58,119
Speaker 1: And so I view it 100% as a two-way street

410
00:21:58,180 –> 00:22:01,020
Speaker 1: where I’m learning as much from them as they are

411
00:22:01,080 –> 00:22:03,600
Speaker 1: learning from me. And I keep certain parts of the

412
00:22:03,640 –> 00:22:08,330
Speaker 1: curriculum consistent in terms of marketing fundamentals and beliefs around

413
00:22:08,420 –> 00:22:12,050
Speaker 1: how brands grow, how you reach consumers at the right place,

414
00:22:12,090 –> 00:22:15,030
Speaker 1: the right time with the right message. But everything else

415
00:22:15,090 –> 00:22:17,570
Speaker 1: changes from year to year. And if you think about

416
00:22:17,609 –> 00:22:21,010
Speaker 1: when I started as an assistant brand manager at Frito-Lay,

417
00:22:21,700 –> 00:22:25,320
Speaker 1: social media didn’t exist, right? I was still doing direct

418
00:22:25,440 –> 00:22:28,770
Speaker 1: marketing and then email marketing became a big thing, right?

419
00:22:28,810 –> 00:22:30,250
Speaker 1: I mean, if I just look over the course of

420
00:22:30,310 –> 00:22:34,790
Speaker 1: my career, it has changed drastically in terms of how

421
00:22:34,970 –> 00:22:37,490
Speaker 1: I bring our brands to life and engage with consumers.

422
00:22:37,850 –> 00:22:40,410
Speaker 1: But again, that’s what keeps it exciting. And so that

423
00:22:40,450 –> 00:22:43,850
Speaker 1: makes teaching really fun because every semester it’s something new.

424
00:22:44,130 –> 00:22:45,410
Speaker 4: Are kids on TikTok in your class?

425
00:22:45,900 –> 00:22:48,109
Speaker 1: While you’re teaching not during class but.

426
00:22:48,050 –> 00:22:49,270
Speaker 2: Yes that’s what you think.

427
00:22:50,850 –> 00:22:52,910
Speaker 1: I have a 14 year old daughter and so she

428
00:22:53,190 –> 00:22:57,310
Speaker 1: absolutely keeps me up to speed on social media trends

429
00:22:57,330 –> 00:23:01,689
Speaker 1: and usage her generation does no longer uses google as

430
00:23:01,770 –> 00:23:05,909
Speaker 1: a search engine they search for everything on tiktok recipes

431
00:23:06,430 –> 00:23:09,440
Speaker 1: Closed to buy whatever it is. TikTok is the first

432
00:23:09,480 –> 00:23:10,680
Speaker 1: stop for a search.

433
00:23:10,980 –> 00:23:12,300
Speaker 4: Is ChachiBT her second?

434
00:23:12,440 –> 00:23:16,219
Speaker 1: No, actually, she is not leveraging that as much as

435
00:23:16,330 –> 00:23:17,130
Speaker 1: I would have expected.

436
00:23:17,369 –> 00:23:17,909
Speaker 4: Fascinating.

437
00:23:18,250 –> 00:23:20,630
Speaker 3: Well, Linda, we got to ask you our famous last question,

438
00:23:20,910 –> 00:23:23,580
Speaker 3: which is, What’s the bravest thing you’ve ever done?

439
00:23:23,780 –> 00:23:25,980
Speaker 1: It’s funny because I actually asked my daughter that this morning.

440
00:23:26,000 –> 00:23:27,659
Speaker 1: I was like, hey, I’m going to go on a podcast.

441
00:23:27,700 –> 00:23:29,840
Speaker 1: It’s called Brave Commerce. Like, what do you think I

442
00:23:29,880 –> 00:23:33,410
Speaker 1: do that’s brave? And she, as a typical 14-year-old, scoffed

443
00:23:33,470 –> 00:23:36,190
Speaker 1: and said, mom, you’re not brave at all. And so

444
00:23:36,250 –> 00:23:39,230
Speaker 1: we got into a great conversation because her definition of

445
00:23:39,310 –> 00:23:42,830
Speaker 1: brave was much more in the adventurous sense of things,

446
00:23:42,890 –> 00:23:45,230
Speaker 1: things I actually did in my youth that I no

447
00:23:45,280 –> 00:23:47,859
Speaker 1: longer do. As a mom where I used to go

448
00:23:47,900 –> 00:23:50,720
Speaker 1: scuba diving with sharks, I was attacked by a stingray.

449
00:23:50,740 –> 00:23:54,040
Speaker 1: I have some great stories, but what I think about

450
00:23:54,060 –> 00:23:57,320
Speaker 1: in my current role as a marketer and a mom,

451
00:23:57,700 –> 00:23:59,600
Speaker 1: what I think is really brave that I try to

452
00:23:59,640 –> 00:24:04,190
Speaker 1: practice every day is asking for what you want, whether

453
00:24:04,250 –> 00:24:07,649
Speaker 1: that’s a certain project to work on in the office

454
00:24:07,810 –> 00:24:11,669
Speaker 1: or the promotion you think you deserve or emotional support

455
00:24:11,710 –> 00:24:13,770
Speaker 1: you need in your personal life. I think it’s really

456
00:24:13,810 –> 00:24:16,770
Speaker 1: hard sometimes for women to to be direct and ask

457
00:24:16,810 –> 00:24:19,669
Speaker 1: for what they want. What I always say is the

458
00:24:19,760 –> 00:24:22,080
Speaker 1: worst the person can do is say no. And then

459
00:24:22,100 –> 00:24:23,820
Speaker 1: you’re just right back to where you started. You’re no

460
00:24:23,859 –> 00:24:26,679
Speaker 1: worse off and they may say yes. And so always,

461
00:24:26,740 –> 00:24:29,380
Speaker 1: always ask for what you want. Be brave and ask

462
00:24:29,400 –> 00:24:29,920
Speaker 1: the question.

463
00:24:30,359 –> 00:24:31,869
Speaker 4: I love that. And I totally agree.

464
00:24:32,530 –> 00:24:35,310
Speaker 3: The worst is they can say no. Well, Linda, thank

465
00:24:35,330 –> 00:24:38,970
Speaker 3: you for your time. Everyone go shop the Danone portfolio.

466
00:24:39,070 –> 00:24:41,730
Speaker 3: If you’re not already, we look forward to continuing to

467
00:24:41,770 –> 00:24:42,730
Speaker 3: pick your brain in the future.

468
00:24:42,750 –> 00:24:43,880
Speaker 1: Great. Thanks so much.

469
00:24:45,869 –> 00:24:48,350
Speaker 3: If you enjoyed hearing from Linda and you want to

470
00:24:48,390 –> 00:24:51,940
Speaker 3: hear other PepsiCo alum, We actually have many, and I’m

471
00:24:51,980 –> 00:24:53,669
Speaker 3: not going to even rattle off all of them on

472
00:24:53,690 –> 00:24:58,250
Speaker 3: the show. But you can go check out Lauren Hobart

473
00:24:58,310 –> 00:25:01,290
Speaker 3: in the early episode. She’s the CEO of Dick’s Sporting Goods.

474
00:25:01,750 –> 00:25:04,610
Speaker 3: You can check out Seth Kaufman, who at the time

475
00:25:04,650 –> 00:25:08,080
Speaker 3: when we recorded the episode, he was the CEO of

476
00:25:08,500 –> 00:25:12,580
Speaker 3: Moet Hennessy in North America. You can also check out

477
00:25:12,680 –> 00:25:15,340
Speaker 3: our friend Todd Kaplan, who when we recorded the episode,

478
00:25:15,380 –> 00:25:17,980
Speaker 3: he was the CMO of Blue Pepsi. Now he’s the

479
00:25:18,050 –> 00:25:20,480
Speaker 3: CMO of Kraft Heinz. As you can see, there’s a

480
00:25:20,500 –> 00:25:24,070
Speaker 3: trend here. Pepsi breeds C-suite executives. If you like what

481
00:25:24,090 –> 00:25:26,510
Speaker 3: you heard, tell a friend, write a review.

482
00:25:26,770 –> 00:25:27,649
Speaker 4: Thanks for listening.

483
00:25:44,340 –> 00:25:48,300
Speaker 5: Hi, I’m Jackie Cooper, Global Chief Brand Officer at Edelman

484
00:25:48,320 –> 00:25:51,090
Speaker 5: and the host of Touch of Truth, a new podcast

485
00:25:51,150 –> 00:25:54,609
Speaker 5: launching on the Adweek Podcast Network. My dad gave me

486
00:25:54,630 –> 00:25:58,320
Speaker 5: this incredibly smart piece of advice. Meet everyone once. As

487
00:25:58,359 –> 00:26:00,679
Speaker 5: a result, I’ve met some of the most fascinating and

488
00:26:00,740 –> 00:26:03,840
Speaker 5: inspiring people on the planet. Now on Touch of Truth,

489
00:26:04,060 –> 00:26:07,330
Speaker 5: we’re coming centre stage and sharing the mic to experience

490
00:26:07,369 –> 00:26:10,220
Speaker 5: stories of truth, insights and visions for the future that

491
00:26:10,260 –> 00:26:12,720
Speaker 5: will challenge your way of thinking. Touch of Truth is

492
00:26:12,780 –> 00:26:16,310
Speaker 5: available wherever you listen to podcasts. New episodes come out

493
00:26:16,510 –> 00:26:18,580
Speaker 5: every Tuesday. I do hope to see you there.