35 Burst results for "General Mills"
Maine Businesses Must Now Deny Entry To Patrons Who Don’t Wear Masks
"Governor General Mills announces stricter mask rules owners of businesses and indoor spaces. We'll have to deny service to anyone refusing to wear a mask. Governor Bill says the order she issue last night simplifies a mask rules in Maine. Previous rules required people to wear masks indoors and allowed owners and operators to deny entry to patrons who refused. Males also says a stricter standard is needed with a number of covert 19 cases there now topping 15,000
"general mills" Discussed on WRVA
"General Mills, along with many others, says rising covert related absentia. Is, um, is putting a strain on manufacturing Facebook was hit with dual antitrust cases that threatened to break up the company. The central allegation is that Facebook bought Instagram and 2012 and what's up in 2014 because it saw them as potential threats to its dominance. One problem for the FTC is that the agency investigated the deals and approve them at the time. Those decisions, though, have been widely criticized as a mistake. Starbucks is thinking big with plans to build more than 20,000 additional cafes in the next decade. After it leaves the pandemic behind that would give Starbucks 55,000 locations by 2030. I'm Bloomberg's Gina. Serve Eddie for news radio WR via Sports Time Now news RADIO WR via Adam Cheek With the update this morning. Good morning, Adam. Thanks, Carrie. Good morning You gave his paused all team related activities due to cover 19 issues in their basketball program. The number 18 Cavaliers had their Wednesday A CC Big 10 Challenge match up with Number four Michigan State Post family Tuesday night. And this Sunday's game against women Marry has also been put on hold in the final day of the A. C C Big 10 Challenge the Atlantic Coast What one States four game slate, too, near the lead to one. Big 10 stolen Zee annual event six games to five, But yesterday's results included number 24 to state, beating Indiana and over time and pick coming back to win over Northwestern 71 to 70 local team, too, and also in action at home with number 19 Richmond beating Northern Iowa, 78 to 68 Tyler Burton, let all spiders with 21 points all across town, VC demolish North Carolina anti 95 to 59. Burns. Helen exploded for 30 points and the Rams held the Yankees to mark of 29% from the field while shooting 63% B C u now says that four in two on the season and coach Mike Road, said he thought the team did a good job sharing the ball. I thought we did a very good job sharing the ball from the start of the game, and that helped, you know still too many turnovers, but we shared the ball. We had way score the ball two pointers, a real high rate that was huge and urchin flying squirrels announced yesterday they received an invitation to continue being the double a minor league club for the San Francisco Giants. Team said that they be reviewing the proposal look forward to hosting fans at the diamond. We fortunate the NFL kicks off tonight with the Rams hosting the Patriots at 8:20 P.m.. Los Angeles could break the tie with the Seahawks for the NFC West lead while New England's looking for the third straight win that sports I'm Adam Cheek NewsRadio, WR via So we're one day closer.
"general mills" Discussed on The CMO Podcast
"The bigger machine of general mills The really quickly hit on this one. Because i think it's it's probably the best answer That we've taken a lot of these ideas about being a force for good from a lot of our examples on how they how they were trying to build that into their brand foundation in their ecosystem or things that we've taken simplest apply that to our whole business journal meals like. That's smart for us to do that. So i'd say culturally that has had a big impact in the people that are in that office on california. They believe that they bring that with them. And i think the this pandemic like the shift that we made in our own purpose even a general mills of moving from the makes food people love to that people need has been up level omission. That people are not feeling that same kind of energy in in importance of what they do which is great great case study. I route purpose. The other brand. That's really interesting completely. Different part of the is blue buffalo in buffalo and i don't work on that directly but blue buffalo business For pet food they. They are so tuned in to their consumer in the life journey that people take with their pets that they are thinking about every step of that consumer journey from when you have a puppy to the first appointment to win. It's you know old enough to move into the next phase of his life to on and on and on and the market around that journey in an amazing way and you know thirty percent of businesses online through commerce. Like they're just they're just further along there and so what i love about that. Is we think for for people. Food are little further behind where they are and we are learning from how they're doing that in pulling that into our marketing capabilities so we can accelerate our journey to be able to operate in that kind of way great examples. A number of your brands have spoken up and taken a position with the things that are going on in society. Wheaties of course has done it and Fruit gushers in your company. Corporately is taking a stand and a few areas. I like it. How do you make those decisions. I'm more interested in how you make those decisions versus the decisions you make. It's great question. And when george floyd was was was murdered it was it was right in minneapolis. Where was from in so that had a profound impact you know across across the country in the world but certainly in the city and you know i think the first initial instinct of everybody was. Oh my gosh we gotta do something and Again not being being a house of brands at the different position. I think maybe he being one brand that you kinda collect coalesce what that means. We need to go forward. And so we had to take a step back because you know as a company general mills actually done a lotta great stuff Specifically for foreign with a black community. We have this Ed the second largest martin. Luther king breakfast that journals founded in hosts every year where big part of the consortium efforts which is a big recruiting conference. That goes on. That's for people of color in select. Joel mills has been involved with these things in our basic most important value. That we have is like do the right thing all the time and so but we looked at what that's not even enough and so as leaders. We had a lot of hard conversations over the summer of like. Okay what what do we do..
"general mills" Discussed on The CMO Podcast
"I think was broken for us was our approach to brain building. We had some really great tools of the past. And i'm gonna get to purpose in a second. So i think it's really interesting. These really great architectures that had like brand promise on it and we try and i was part of the group that had interviews purpose back in a mills back in the two thousand twelve central time in it never really stuck in the right way In in a lot of tools gone by the wayside. And so. When i got the job we had people briefing with their own beliefs. We had brand foundations. That were not consistent. We we didn't have a planning approach. That necessarily worked as well as i wanted to. And so just getting back to the foundation of some of that basics was was work that we had to do. The good thing was we had all these remnants from the history and their partners came in and we built that up really fast and then but then driving that through the organization and getting all of our teams to use it and the challenge for us is. We have six operating units in north america. We have thirty thirty plus categories that we operate in We are in have hundred brands in. So just to get consistency. It's not just like we're aiming up. Just cheerios we had to think about everything In your one we weren't there and your to we're about halfway there and then last year we got almost eighty ninety percent. And now we're getting close to being. Okay we're running this very consistently The interesting thing is that brand building approach has shifted again and ecommerce come in. And i always ecommerce says the trojan horse for cbj marketing of like. Okay we're it's gonna it's gonna sneak up on us in order to have a tip over and we're going be our models not gonna work as well as it needs to. And so that's the next phase. I'm while i'm still focused on. The culture still focused on making sure rambling is really good. I'd say like when. I put my priorities on a piece of paper year. One those number one into those are still on paper but some of these other more transformational changes. That have happened are probably leapfrogged ahead. Just because we just don't know how to do them. And that's where i think coming into being a problem solvers marketed. That's gotta get a ton of energy from like okay. I want to take this on. How do we become a purpose. Lead marketing organization but also a performance lead marketers. Ation do both those things simultaneously And and i think every company struggling to add one or the other depending on how they were how they were created in. So that's where. I am now and i'm like well. This is awesome because like we kind of know how to do this but not fully yet but we have a lot of assets in pieces. But now i got connect them all across the organization with our technology teams with our sales elvis stuff. We talked about before so i. That's that's where the continuous innovation happens in helmet parties shifting when you think about the brand building approach to general mills when you came in two thousand sixteen versus today and going into twenty twenty one. What's the biggest difference..
"general mills" Discussed on The CMO Podcast
"So i feel really fortunate to be able to do that. And then the other part of it for me is like you know. I've got teams of people that are in operating its on brands and so While i also have folks that are more central capability drivers. I got a good balance both those things in while the end of the day. I i'm not responsible for the pnl's like they had. The the operating units are responsible for that We still measure our success on growth on penetration on market share on building the brand equity. Like those are the things that we care about. And so enough. I don't do that. I don't get i don't get i don't get you know incentives and so i compensated for that so that's important to of for me. I know it's so hard. Because i i do feel like you know having some level of accountability when i was on the business side. I love that in. I i missed that part of it but i also love the forward thinking and the developing for the future and so i've gotten pretty much almost the perfect job being able to do both those things in a way that i think helps raise both boats as companies. You like attaching connecting people at these leadership team levels across across functions across segments across. Brands is so hard to do when these companies are matrix in. I actually think that my role's evolved or last year or so to be like brad help us think about how sales needs to come together in our our technology stack needs to come together and our insights needs to be a part of this and also by the way are our our thinking about holistic innovation. Not just about products. And i love being at the epicenter of all things that i think is a marker. That's kind of how. My job is evolving Curious if you hear that for other people too. 'cause i i do think we can be great connectors for companies. It's a little bit of a different role in the past. That's a bigger scope and that is a trend. I think people are getting bigger. Briefs as cmo's which is green. Now you you came in with some turmoil at general mills and i remember that and use. You had a good feeling of what had to happen and what needed to do so. Could you comment a bit about. What were your immediate priorities. When you came into this role as chief brand officer north america and has that changed dramatically or you still working on those priorities because shifting a culture and how you build brands and so on takes time. Yeah i would say right out of the gates. There was a big question of our people within our marketing function. Feeling a little bit kind of tethered. Not really tethered to anything in. So there was a big opportunity to step in and provide a little more of north star to where we were going in a sense of identity. For what our marketing was really about and i would say on that particular point for them to now. We've made a lot of progress like we did. Some of the people that were were there. The time have laughed. We brought another people that are had the skills we needed. Were building the culture of some of the people that were there have accelerated their careers and gone into other things. So it's been a good mix of in to build a culture with people who've been around in new people as well But your point. That i don't feel like that work is ever going to be done like. I feel like our cultures now of over to the next stage. One of the big things are culturally to do as the mark is our marketing. Those supporting love. These brands was take more accountability for the work..
As COVID Cases Grow, Maine Reinstates Travel Restrictions For Massachusetts
"Meantime, no longer exempt from Maine travel restrictions Governor General Mills office advising anyone from the Bay State will need to have proof of a negative covert tests with in 72 hours of arrival or quarantine in the pine trees, fate for 14 days. New Hampshire and Vermont still exempt from Mainz travel restrictions.
Kraft Under Fire for Sexualizing Mac n Cheese
"When you think of macaroni and cheese what comes to mind comfort food and easy cheap meal for you your kids or your broke college student or something more risque. Wait if I confused you just now clearly, you miss the drama that happened earlier this month for kraft, Heinz the maker of the number one boxed Mac and cheese in America wound up embroiled in controversy over an ad campaign that most definitely attracted attention to celebrate National Noodle Day October six. In case you missed it on your calendar Somehow Kraft Heinz launched a playful campaign suggesting people send nudes that is noodles to friends and family. The double meaning of course was intentional sending nudes could mean sending nude photos in some of their ads, pictures of a box of Mac and cheese were deliberately out of focus as if the company was hiding something you know. And video featured former Saturday night live actor Vanessa Bayer. Trying to make the distinction between noodles and nudes. It's been pulled from crafts social channels, which I'll get to in a minute but take a listen clear not advocating you send nudes to anyone I'm talking about news not news I want there to be no confusion do not send nudes definitely send news even as it sent social media into a tizzy the campaign was a hit twenty thousand comfort loving tweeter took the brand up on its offer to mail free boxes of the cheesy stuff to loved ones. But unless you subscribe to the theory that all publicity is good publicity, the backlash created a craft crisis parents tore into the multibillion dollar brand on instagram. They said sexualizing macaroni was inappropriate for kids and accused craft of inciting children to send nude pictures. Many angry viewers threatened to ban kraft MAC and cheese from their pantries and turn instead to rivals like Annie's Mac and cheese owned by General Mills, some threatened to boycott. All craft products and some critics went even further according to buzzfeed Cunanan supporters got into the act. buzzfeed describes Cunanan as a collective delusion believers in what has also been called a right wing conspiracy theory subscribed to a number of different baseless notions including that something called the deep state promotes child sex trafficking buzzfeed reported that some Cunanan believers accused craft hines of using it's Mac and cheese nudes campaign for just this purpose. In the end, the company pulled its campaign in a statement brand officials stated, blandly, we sincerely appreciate and hear all of your feedback. As it happened, the news promotion was intended to end only a few days after it began anyway, whether craft considers its campaign, a win or a loss is hard to tell at the moment but consider this not only did craft managed to. Give away thousands of boxes of noodles but the controversy generated thousands of mentions on social media and in the press also keep in mind that making processed foods. Sexy is not a new idea for kraft. Heinz back in February of Twenty nineteen long before our world was upended, the company ran an actual ad on a porn site likening Mac and cheese attraction to addiction to. Well something else entirely that adds steely promoted devour a kraft Heinz frozen food line. That made headlines and sales. It's a big deal for consumer packaged foods players like Kraft Heinz Kellogg in Unilever Comfort food sales have fattened up during the pandemic now officials from Kraft Heinz, and Kellogg promised market very aggressively during the second half of this year to keep momentum up according to industry publication marketing dive given the ferocious rivalry between giant packaged food companies. There's really only one conclusion to draw about a brand that doesn't just go to the edge of tasteful nece but jumps right over it. Even today's cancel culture craft Heinz knows. Exactly. What it's doing.
Buying Science, Healthwashing Labels, & Sparking Real Change - With Guest Vani Hari
"Our guest today is New York Times. bestselling author Vanni Hari and body was named by Time magazine. One of the most influential people on the Internet. And she's been such a powerful force of change and influencing how major food giants like Kraft General Mills Subway Chick-fil-a in starbucks create their products in her advocacy has steered them towards making more helpful policies. She's been profiled in the New York, times the Atlantic the Financial Times Wall Street Journal USA Today the Dr Oz show the doctor show CNN the list goes on and on she is such a powerful and important voice that we all need right now she's demonstrated how powerful we are. She is just one person who stepped up and setting noth- is enough I'm not going to allow these things to be in our food system into injure unsuspecting consumers to injure children all over the country all over the world we can change this and she stepped up and made it happen. All right. So Vanni is one of the big reasons that there's been so much change in fast food and in processed foods and she is she is just one person but she is powerful. She is remarkable as you are. She said, yes she just said, yes. Stepping into her mission and being an advocate for change and again I'm saying because I want to remind you of how powerful you are. We all are powerful beyond anything we can imagine. And, it's wonderful to have these conversations and talk with Bonnie to see how she did it to see what he's up to to hear what she's thinking about right now in the context of what's happening in our world today, you know in her leaning into this discomfort with all of us and seeing what is, what is she going through? What is she thinking about and also she's got a new little surprise that she's. Developing right now herself you know a new addition to her family. She's got a corona bonus. You know at this time there's also Within the terminal, those also these things of beauty. There are moments of opportunity and beauty, and it just depends on what we are able to see the questions we ask and the actions that we take, and if anybody knows about action, an advocacy is our guest today Vanni Hurry. So it's jumping to his conversation. With the amazing New York, Times bestselling author food advocate the Food Babe Herself Vanni Hari Viney Welcome back to the model show how are you doing today? So Good Sean is so good to see your face. Let me just tell you that I wish person. I wish it was in person. So I give you a big giant. Fat. Wet Hug. And there's a reason behind the fat portion. Beautifully plump is you have you're having a baby your daughter's about to be a big sister. That's right. She's GonNa be a big sister to a little boy. And Yeah, I'm getting ready him. It's it's coming up soon I gotta get gametime on. I. Got Up early, this morning and worked out was pumping iron and shared on my instagram. I was like, Hey, guys give birth is a real athletic sport. You need stamina you need physical endurance especially if you WanNa do it naturally you you really gotta be in shape you can't go into that. Experience being shape. Let me just tell you. That is so true. Same thing mirrored by you know my wife and so many other women just sharing this story is just getting prepared for it. You know and this is something we have evolved doing just being active out gathering, taking care of things but you know this is just a big shift that's taking place and even right now it's probably been a little bit more complicated for a lot of people just to get outdoors and just to be active so I just want to commend you for that. Pumping Island. Getting for the baby you know that's awesome. I'm just so thankful gyms are open back over here. You know for the for the first, half my pregnancy they were closed, and that was really tough mentally because I had to I had to have that motivation to get in that Jim, my own little home gym at home. Every day and in our basement and it got old after a while and not having that external motivation and doing everything on a screen. You know it was just it was very tiresome. So I'm so glad to be able to go back in in the community and workout and have that external motivation in loud music and all that is just it's the. Best. Yeah I feel the same way you know and this is one of those things and I'm I'm so grateful to talk to you and this even in intro that I put for you just you're such a inspiration to me you're such a hero that we all need right now and I'm so grateful to have you on to have these conversations because. For some folks, the Jim has been it's not just about the physical health side is their mental health mental emotional wellness being able to get access to that, and it was just kind of been this big law even here in I'm in Los Angeles, all the gems is still closed. I literally would have moved I would have to move away a lot of people have. Had to be away because you know that's what it is for me. It's like my anti anxiety medication, right? It's my anti depression medication. It's that you know that routine every single day I start my day and I go to the gym and do my workout class when I come back and it's It's it's a game changer. SMA- meditative practice that I have to do and four something to take that away. Was An insult on my body. For the government to take that away and you know I shared actually a interesting me on instagram when when our governor continued to close gyms but would allow. People to for example, Golf Club or tennis clubs, but they wouldn't we go to a gym. There's all of these kind of. These rules that didn't make sense and I said you know, hey, if you got McDonalds open open my freaking. Jim You. Got McDonalds open open my. Goodness sakes
"general mills" Discussed on Snacks Daily
"This is nick. This is Jack and this is snacks daily. It is Thursday September twenty fourth nick this is the best one yet jack you're so right T. a. y. what are we got firm store Finally had it's hugely hyped battery down Tuesday S it did. But that stock actually fell because Ilan just and being easy line four second story, it's the IPO the day good Rx has the prescription for prescription drug prices Jack. Here's how does you prescribe online sell them directly hydrate way to three days and then pop fifty three percent on the IPO. For of Files Story General, Mills is the serial king and they made a comeback during the pandemic general mills has got to keep you indulging. So they're making a business words and crossing yogurt with candy very intriguing. It's a wonderfully. Well balanced mix of stories, today Jack. But before jump into all that Talk Emoji Zach Irs, we do this about every year we got new emoji coming in twenty, twenty one, it's official. That's right. There are two hundred and seventy new images that are going to be plopping down in your group chain in the next few months. The Unit Code Consortium is. Secret nonprofit group based in mountain. View California we think HQ, boardroom is in a volcano nothing. We're more skeptical of than a company WHO's based in a layer now, the goal of this consortium is let people of any language across. The whole world communicate with a common language and that's why the international sign language crew hates Emoji. We're doing this one hundred years ago for a while over here by the members of that Unical. Consortium includes apple, Google, netflix's facebook tinder also the University of California Emoji Pedia and surprisingly the Bangladesh Computer Council no joke. We also noticed the government of India's involved. There's about thirty members but the Unit Code Technical Committee meets quarterly to decide what characters deserve to be enshrined into the Emoji keyboard on your phone and once a quorum of one half of the consortium has voted. Yes. That their image thus become an Emoji and here to four thereby, the twenty twenty one class of new emoji is all about inclusivity Jackson and Jefferson snacks they're gonNA have dozens of versions of same sex couples and a woman with a beard heart between the same sex couple. There's also a heart with a bandage on it and a head that is in some clouds. Both of which sound concerning is a heart with a bandage on it mean my heart was broken but I'm like healing or is the heart with the bandage related to the heart that already exists that's just cracked open. But we're going to start lobbying the Bangladesh computer council to see if we can get teaboy enshrined in the emojis start answering our faxes. Let's hit our three stories. Daily. FOOD IS C- Candy. They don't reflect the views of robinhood family. Formation just so. Recommending any securities, it's not a research report or investment advice offer or sale of a security. Next digestive business news video. Financial LLC member favors less SIPC. Four. Our first story, we got Tesla stock fell ten percent after battery which had little substance just a whole bunch of words. But those words did show Tesla could in ten years maybe become the most profitable car company in the world. Calendar snacker. This is your classic Classic Hollywood Tailpipe I humble on Tuesday Tesla announced. A goal just a goal, and that goal is to dramatically lower the cost of car batteries. They didn't unveil a model five or a self-driving solar-powered podcast studio. Again, we tweeted this a bunch it hasn't happened were shocked. It was all about batteries because in two thousand, nine, hundred, the average car battery for an electric car was fifteen, thousand dollars just the batter and that's why those electric cars are so expensive you got to put so many of Duracell bunnies into the car he l- on implied on. Tuesday that in three years, Tesla will figure out how to cut the cost of a battery by sixty seven percent to just five thousand dollars and that's a key change. Because it means that Tesla's affordable ish car, which is thirty, five, thousand dollars could drop down to twenty, five, thousand dollars and then we could call it affordable with no need for an ish no need for an astros nothing adjusted about it. So it's knackers that was the hype that was the hype and it was all Tesla in three years, Tesla we'll have game changing battery technology they announced that on Tuesday, but then came the humble and the humble didn't come from Tessa came from our bodies over at Volkswagen. Vw told us that this year they will have an electric crossover SUV available it's called the ID for their so humble they didn't even put any effort into the name. I D. Take me to your leader. Tesla not something that's GonNa come in three years maybe Volkswagen out to something. That's GONNA come in three months. Yes. Weird name but it's your basic SUV, not a gas guzzler all electric forty, thousand dollars. So Battery Day, which was on Tuesday was all words from Ilan and his track record on words and honesty is kind of mixed. So Jack and I go over to our accountability board where we tack on single thing Elon Musk. Is tweeted to see if it actually happened a year later one big promise. He actually honored that you would have car factories four tesla on three different continents. Hey, you got a real thing. They got one in the US. He got one in China and you got like factory being worked on outside of Berlin. They're close to the ribbon cutting but then other tesla promises we have actually covered on this podcast from the past we have and they are as empty. As a Hollow Egg Jack, can you bring me back to twenty nineteen in April? Twenty nine, hundred, Ninety Lan. said that there would be one million Tesla self-driving Robo taxes on the rose he did this year in two thousand, twenty jet could you fast forward then from there to April twenty twenty a year later Ilan doubled down on that promise despite the insanely unlikely did come true. Yeah. Come looking at my went to a lot of scooters I'm seeing no. Tesla taxis got three months to get a million self-driving Tesla robot taxes on the put it on the whiteboard. So Jack what's the take with our buddies over Tesla Tesla stock? Price today assumes perfection for the next ten years snags. Tesla is already the most valuable car company Earth worth three, hundred, sixty, five, billion, dollars translation please forty lifts. That's what Tesla's worth yesterday they showed they could become the most profitable car company not just the most valuable alone also predicted. That they would make twenty million cars per year by the Year Twenty Thirties. Context on this Toyota the most profitable car company on Earth makes ten million cars per year. Half of that Tesla plans to make double what Toyota makes and Toyota is except for its stock price the best car company in the world, and if he wants to get an A. on our accountability board, it's going to require fifty percent growth per year for ten straight years. Now, it is possible to grow fifty percent because Tesla, did it from two thousand, eighteen to twenty, one, thousand, nine, hundred increase the number of cars produced by fifty percent. But each year, it's going to become harder and harder to match that fifty percent growth as you get bigger. Tesla is already the most valuable car company in the world, but to become the most profitable in needs insane growth every year for a full decade sounds hype ish for our Zach Story. Good. Our is stocks surged fifty three percent on its IPO because it is the rare profitable tech company is the EXPEDIA for healthcare because it allows comparison shopping for prescription drugs so good rx. Is Not to be confused with the Rx bar. That's right. Good Rx doesn't include three egg whites ate almonds to.
Stocks fall as tech remains under pressure
"Under pressure with large cap tech really fading here. How's currently down. 507 point says he's dropped 72 NASDAQ is lower by 2.8% US tenured at 0.67% Gold is down 40 points Transport's fall 100 points and among the main 11 SB sectors. All were in the red, led by declines in energy, tech and realestate in the Tao. Only Nike and Jay and Jay were in the green, while sales force Apple and Chevron leads to the downside. In other news, Tessa suffered a complete network outage. Good Rx Open at $46 A share by PO is priced at 33. And zoom video topped $500 per share after earnings. General Mills you wanted just GPS beat the highest estimates and wrapping things up here. H B fuller reports after the balance.
General Mills Aims to Protect Coronavirus Sales Boost
"Food company reported quarterly earnings and net sales that beat analyst expectations. General Mills is not providing an outlook for fiscal 2021. But it did raise its dividend.
Why Corporate America Couldnt Change Carla Vernn at Her Core
"Carla I. Love that we were both up at midnight emailing and prepping for this. A says so much. Yes. The the the story behind the story. You just announced that you're leaving General Mills after twenty two years right now, the go-to practice buzzy thing in career advancement is zigzagging changing jobs every two to four years your career is sort of a case study in the opposite taking the long road to the. C. Suite. How were you compelled to stay for so long? I'm probably kind of an old fashioned person and I. Was Very Intentional in picking the first company that join out of business school. Before Business School, I was not very familiar with careers in corporate America. My parents were both educators and we didn't really have any business people in our family. Largely. Probably because my family is black and Latina Afro Latino for my dad and. Secretary Shen really prevented us from being able to have a path through corporate, America. So when I got to business school I had so much to learn about how does one even navigate and find a company in finding career path. When I realized that my skills were really well suited for marketing strategy then I went about making it my business to figure out what where are the best of the best marketers going where are the? Best of the best strategist going 'em back. Then the area we call consumer packaged goods, food companies, companies that make your household facial cleansers the things you wash your dishes with the product. See every day in the main part of the grocery store those companies where marketing was the absolute core most important skill of driving the success of the company. My intuition told me that if I could find a company that welcomed and embraced diverse styles. I was more likely to see leaders who blazed a successful trail that weren't cut from cookie cutter, and so when I found that in general mills, there was plenty of learning to do and plenty of career path runway for me. And so I really played the long game there. You said you partly went into to marketing because you felt it matched your natural skill set. So I both wonder what you were assessing your natural skill set. But then also how is you began to work inside of General Mills? You got really good at the thing you were already naturally good at. What I arrived on the doorstep of business school I didn't actually know what the career pads were inside of a company. I didn't even know what the job titles were. So all I could try to correlate when I went to business school was what am I passionate about 'em? What do I seem naturally skill that I have always been a creative person I've always been attracted to the arts and I also like associating new ideas in connecting. DOTS in reaching new conclusions over time in business school I got to learn that the people who love the creative work in business that's often called marketing and the people who love connecting disparate ideas in reaching a new conclusion is often called strategy. I've also never been a very shy flower I'm fairly direct may be a little bossy and so I also wanted to know what are the jobs that people go to when they like being in charge. I found now, where are the industries where people who do marketing strategy are in charge, and that led me to learn more about consumer products in that industry that's so dependent on those skills. What were you doing that began to open doors to bigger and better opportunities that the company? I have. I got great feedback from one of my best bosses in he said, one of my best skills which is an under appreciated skill is that I'm very coach of all. You want this weird kind of feedback yet because you want a boss to tell you oh, you're great at analytics or your so sharp your ideas are always the best I've ever heard for someone to say, wow, you seem to. Take Direction while didn't seem like the compliment what I think he was getting at was you I am a very malleable piece of clay I. Already know at the outset that I don't know everything. So I remain curious remain open to the knowledge that comes my way and I am willing to continue to grow my own skills and so I don't WanNa be the person that's too proud to ask a question. And, I've always been willing to be a learner.
"general mills" Discussed on WBZ NewsRadio 1030
"Great stories about how you met at that restaurant there in New England called with the 18 12 18 12 houses 18 12 house and they knew you guys were coming when it was time to get together and be creative. But let's talk a little bit about The preview before we get to underdog Tennessee Tuxedo. Ah quote educational cartoon you preview predate Sesame Street by good 10 12 years. Don't you tell me about the concept behind an educational cartoon back Well, General Mills had warning toe to put together at least on educational segment, and they had showed they had the Bullwinkle show at that time, and they were thinking about doing an educational element and warden Scott had rejected the idea. They have the creators of Rocky and Bull right, and they had rejected the idea. So we were asked Jen. I have. We thought we could do an educational element. Now they didn't really expected to attract an audience. They were just going to stick it into a show and sort of forced it Cousteau art, But we said yes, we thought we could actually and we like to do a show, not just an element, not just on episode. For the whole show, and they can't possibly do it. But we sat down and tried to figure out a way to make kids want toe watch education and the concept simply wass. Get him up a tree, throw rocks at him and then Find a way to get it down, and it was finding a way to get him down. That was the education in Tennessee. Tuxedo, of course, was was very successful. And what again? The question that people might have is Wyatt. Tuxedoed penguin from Tennessee. And I know you go into it in the book, but it's really interesting how you come up with the animals and the concepts for these cartoons. Well, actually thie case of Tennessee. The Penguin came because it is a shame to say you might not like it, but we saw Don Adams And when we saw died annals for some reason, both of us if he looks like a penguin on Adams will be who becomes the eventual smart But in that in those days what? He was working as a comic stand up comic. We saw him on the Ed Sullivan show. Very funny, Very funny man. And he looks to you like a penguin. He looked like a penguin that way. And then we look for we had. Obviously, if you've got a penguin, that tuxedo part is ah Is obvious, but we wanted what we call a name. First name with what we call top spin. That simply means it has advertising value. So we took Tennessee because the kid's looking at books when reading books if every time they came to the state of Tennessee or any other person named Tennessee They would think of our character. I think of Tennessee Ernie Ford right off the bat..
Could Science Build a Better Grain?
"The ever increasing need to feed Earth's growing population and not always cautious ways that we grow our food are some of the factors that have put our plants environment in peril. Farming accounts for nearly a quarter of human emissions that are warming the atmosphere, and as much as half of that comes from plowing the soil to grow crops, such as wheat, corn and soybeans, which releases carbon, dioxide, methane and nitrous oxide, the latter byproduct of fertilizer use, but researchers have been working on ways to reduce the harmful environmental effects of agriculture. One potentially promising innovation is a grain the goes by the trademarked name, her Kneza like familiar grains it can be made into flour for use inbred breakfast, cereal, and other foods, and also as an ingredient in products, ranging from beard ice cream. But unlike many other grains, Kerns is a perennial plant meaning that once it's planted. It'll keep coming back up year after year. It doesn't have to be replanted from scratch year, so it cuts down on labor. In addition, Kerns a has a deep root system it reaches over ten feet or three meters into the soil, and may help to sequester or capture atmospheric carbon that root system could also make more resistant to the impact of drought related to climate change in some areas. Currency was picked by the Land Institute a Salina Kansas based organization founded in Nineteen, seventy, six, the founder West Jackson recognized that a big problem of modern agriculture was that it was wearing the soil by focusing upon monoculture, growing a single crop in a certain area as that practice intensified on modern farms. It's destructive. Downsides became more and more evident in the form of erosion and worn out soil that required increasing amounts of fertilizer, creating increasingly polluted groundwater Jackson saw the development perennial grains to replace annual ones as a vital part of the solution to those problems. The Land Institute's website explains given that grains makeup over seventy percent of our global caloric consumption and over seventy percent of our. Our global croplands, transitioning from an extractive annual model to a perennial model is the best chance we have create truly regenerative food future, but developing new food crops is difficult and time intensive challenge back in Nineteen ninety-three scientists at the Rodale Institute and Other Research Organization identified a plant called intermediate wheat grass species related to wheat as a promising candidate that might be developed into a perennial grain. They worked with researchers from the United States. Department of Agriculture to breed the plant and improve its fertility and seed size in two thousand and three, the Land Institute began working with intermediate wheat grass as well after years of breeding the plant. They developed Kerns the trade name for their variety. In some ways, the process of developing a new crop hasn't changed much since prehistoric times. It involves breeding generation after generation of a plant taking the best from each new batch, and reading them together an effort to promote whatever desirable characteristics your seeking, however plant breeders these days have some tools that the ancients lacked the land institute employed a process called molecular breeding, in which they use genetic analysis to determine the traits of the plant should have even before it grows to full. Full size in order spot plants, but the most potential for breeding. We spoke with Rachel thrower the institute's Chief Strategy Officer. She explained it's taken us ten thousand years, and an intensified two hundred years of modern reading to get the crops. We have today. It's taken twenty to get Kerns to where it is, it might take another twenty to get it to competing at scale with the annuals. But in the effort to turn Kerns a into a commercially viable crop. There's a lot of work ahead. Stroller says that researchers are now working to increase the size number of seeds produced by each plant, and to increase the height of the plants. One drawback of currency is the unlike conventional wheat. It doesn't yet lend itself to free threshing, in which the edible grain is easily loosened from the plant. It instead requires another step called D. hulling to remove the skin of the seed before it can be turned. Turned into flour, that's because the stems remain green, after the plant matures conventional wheat withers, and is thus more easily separated in addition to breeding currency to make suitable for free threshing in the future, scientists are working to make the yield produced by real working farms match what they've been able to achieve on their research plots to that end. They're gathering data from the farmers to help figure out how to time the harvest. What settings would optimal for combines and other factors that might make the fields more productive. Researchers are also working with Baker's chefs, brewers and distillers to develop products that utilize curtains to help create a future market for it. One product already on the market is long route. Pale Ale who's maker Patagonia provision sites Kerns environmental positives in its marketing and last year general mills. CASCADIA and farms brand produced a limited edition. Honey toasted Kerns, a serial, which it sold to raise funds for the researchers. We also spoke via email was Steve, Coleman and assistant professor in the School of Environment and Natural Resources and Ohio State University, and the CO author of two thousand eighteen bioscience article on Kerns cultivation methods. He said up and working with Kerns F for ten years, and it's been a fun adventure. I think one of the things that I've really come to appreciate. Is that successfully? Domesticating developing a new crop requires more work than anyone can really appreciate.
"general mills" Discussed on MAD MONEY W/ JIM CRAMER
"New always great to see you, sir. Thank you. Bills President and CEO of Constellation Brands think about all the things that can go right now. The stock is still down a lot. I want you to stick around what you stick with my friends. Scott Wapner. Here's a peep of what he has one tonight. Tonight took seven PM. We'll. Some health cautions. Be here to stay one. I don't travel company where in close how some business owners in East Austin Texas are coping with the resurgence of the virus, and which masks are the most effective all tonight at seven? PM was Scott Wapner. By revelers Roy. And then the leading round is over. Are you ready Steve? Zach in Texas Zach. Bar Zach. A. Ought to be on on the. Ledger. Retail letters downing I have friends of my online community and on that note a big. Wall, street that and I. With a K.. Fight you every single agent. Straighten it out with the Ken. What's up? So. My question is about the micro ticker and you talk be down yesterday. act. That was crazy I. think it's a great opportunity. Maybe get forty eight really. Jeff Jeff Jeff. Jeff from downtown. La Thank you so much for your years of hard work in really incredible doc recommendations about three months ago chip. Yeah, you. two months ago Jim, you raised about shop, the Fi the to doc you signed and dated dogs and doom of course, and they're killing it. Man I just love. down. There in the right direction. I gotTa make that. What's up? Yeah, the soccer calling about has been on a tear. It's gone up three hundred forty nine percent in one year. It's up to one hundred sixty two percent just three months. It set all kinds of records. ASAKUSA called ever quote. The. There's a lot of these companies that they do is to get. The lowest price an insurance and people. Just they love these companies. I'm not gonNA, fight the. Let's go to Michael and thank you for the commerce. It's got to Michael Georgia Michael. pregame thanks Nicole you walk with you. R. V. L. Now, or would you wait for better outer wear I mean I've been telling people a kit fractions plus dot com. It's our favorite. Five G. played just went up. Twelve point I can't. I can't count inspirer. He'll let let let let it come back Oh. Let's go to Josh in New York Josh. Big Time Fan. Longtime viewer might question is about Kalispera. I recognized that this Beth. y'All. Tumor play. You know I'd be about terrorism. Blessing them for a little bit of money only for a little bit but I'm not GonNa, go against it. That one is fine, not great. Let's go to jared in Wisconsin Jared. J. Seed! Go on fool. Proof, city and I know. The Belmont stakes. Yup phonies. Journey Laurie. I love my question is. DORNA OPERATION WARP speed. Bump stock at warp, speed I don't like that Look, maybe they hid it maybe but the RNA that I'm betting on. Is The visor are in? California Dan? Yeah. Just, want to thank you for all that you do for the millennial investor. Of course shot to the Danny and other physicians on the line helping out the battle with your little kidding, my guidance just busy now all parts of the country. Jim, I was wondering.
"general mills" Discussed on MAD MONEY W/ JIM CRAMER
"So this we don't see this just as a short term trend, we see it as long lasting tailwind for business, and as you said Jim there's a lot of secular are highly supportive. Harvest threaten out from interest in the hull to the interesting cooking to ECOMMERCE acceleration. You know the fragmented market and focus on sustainability, but let's talk about retail brick and mortar for second. You are closing stores you're. You're rationalize your fleet. You have a lot of leases that are up. You have a lot of leverage or even getting reductions in rent. When I hear these things I say, wait a second. You're the best at Omni channel how much you really need in a standalone mole given the fact that you're. You're incredibly lucrative when it comes to virtual reality when it comes to ordering things right to your house. Source really our competitive advantage. We don't need as many never got. And we don't need as many as we have now and we have a very disciplined process of working at our source Fli in so it's a combination of you know. Was the landlord great to us during the peons? Are they great partners. Is The ball a great location? Whereas, the other store next to our people in our stores are the secret weapon and we've seen this through the. Whether, they're in the store working from home. They're the ones that really help you furnish your house and we get a lot of big projects now, so people do like the come. Sit On, things. Look the fabric. We learned how to do more and more that online, and in fact that three business that we bought a couple years back has really paid off now because that helps, people imagine what things look like when they're in their homes, but there's nothing like sitting on a surfer and. And the experience of our stories is very memorable. I think it's Pavlovian. You walk by Williamson using pepper, and so that's not going to change anytime soon. It's just that ECOMMERCE will be the growth driver finally have got S. you're a pioneer in trying to be able to shift out of China. You do have some tariffs that hurt your bottom line, but you've been inventive. Where are you going to get that new merchandise made? And how quickly can you continue that pace out of China? Is So. About ten years ago, we started on. We walked away from an agent structure sourcing ourselves, so we have a lot of people all over the world working for us, and we're very close to our vendors. That's a huge advantage We design most of our products ourselves as well so we're you know we. There are designs and we can move that. China is still important part of our sourcing strategy. We have great Chinese verse. However, we had too much time. The terrorists were big numbers. The first half of this year actually was the hardest in terms of communist Jackson back. We're not the same as they were last year versus having or not having regardless, we've moved over half of our business China. We moved a lot of our business to America. We've moved on things to Indonesia to Vietnam and India's always been a very strong supplier country for us. Well look I want to congratulate you again. You do have the best channel..
"general mills" Discussed on MAD MONEY W/ JIM CRAMER
"As the pandemic makes a horrifying comeback across the Sunbelt Bell, we go back to the kind of stocks work during the first big outbreak in March and April for example, the states gradually going back into lockdown the package food place. They're back now. Just today we got from General Mills and iconic household name and a member of the Kramer covid Nineteen Index Company posted great quarter, resounding, top and bottom. Bottom line be twenty percents sales well, but because madman was a bit circumspect about the future who wouldn't be and didn't bring as much to the sales of the sales down to the bottom line. We'll start cutting the just a hair. What was that a mistake? Let's dig deeper with Jeff Harmony. He's the chairman seal general mills who were about the quarter and his company's Prospects Jeff welcome money. Thanks for having me really enjoy being here. I said Jeff Fire Company for. Thirty years I'm going to give I WANNA. Do a do over here I. Think Anybody it gains or hold share in nine out of ten of their products who accelerates organic sales who I think has come through and be able to produce without any supply chain problems is a hero, and the stock is inexpensive so I'm it to you to say tell me that I'm wrong. I'm not going to tell you that you're you're wrong. We a good year going into the fourth quarter, going into the pandemic especially, North America retail business and Blue Buffalo, which are pet food businesses, growing at double digits, and obviously a during the last three months business really accelerated through strong execution, as you say not ten categories of share growth in the US, all of our categories, growing share in Europe six out of seven categories growing share in Brazil, so as a really good quarter built on the back of three good horrors before that. Well Jeff! I know that you had balance-sheet concerns at one point. That you had to address. You're out. You're operating cash flow which I don't think anyone focused on the call was magnificent, and your leverage is so much better than it was a couple years ago. That's the thing I. Think I'm most proud of that. I'm not sure people fully appreciate. We tried to get to a net to ratio of three and a half. Times by the end of this year we got all the way down to three point two times net debts Ebitda which brings us that much closer to get back to our normal capital allocation and our first priority there when we get two to three times net debt, the Dow will be growing dividend again and so it really is a big deal. Yes, our our our earnings. Our cash flow is even better than earnings and we're really proud of that. 'cause I always is the ultimate dividend growth stock and I think it's GonNa. Come back and now do that. Let's talk about something else that. I thought it was magnificent of blue. This was an acquisition that initially be will say we'll. Maybe there's an overpay, but you have thirteen point three percent household penetration. You've got all channels going by candidates. We buy it through Chewy. But this is this is turned into an acquisition that is really taking share from a lot of other companies. It's been a great acquisition for General Mills, and it's been a great acquisition for our shareholders, and all the pet parents in is every blue buffalo everything we thought it would be. We've grown a double digits two years in a row including eighteen percent organic sales growth this year we are growing share in the business and we've got some great innovation lined up for next year, and so people treat their pets like family and we've been feeding food. Food to families, one hundred and fifty years, and now we're just feeding into furry members of family and so blue buffalo is everything. You thought it would be two years ago when we buy it. When we bought the business when people at home, they do two things. They have breakfast at home. They have cereal, Cheerios, or something like it, and it means suddenly that they cook a Betty Crocker and Pillsbury so both breakfast and dinner are growing nicely. You going really well. This year is our third consecutive year of sales growth in in breakfast cereal this last quarter zero grew twenty six percent. And, so we had a good run on cereal, and even a better around this last quarter. As you say, people rediscovered that the kitchen is the heart of the home, and that's good news for Betty Crocker in Pillsbury. We have two of the top five food websites in the US, on traffic on those is up. One hundred percent as people are trying to figure out what. What what to do with these new products, they have in their houses, so it's been a really good run for for baking are meals businesses last word so talk to me about a just in general I mean for instance candidate had been dragged. Don't up some international, because looks like the international is another thing. I think we were getting upset about now. It's pretty good. It is good especially. Our Business in Europe turned around in the fourth quarter. We are the third fastest growing CPG Company and food in Europe. During the quarter I. We grew on our yogurt business. We grew share on our bars. Business Paso haagen-dazs, double digits, and in in Brazil we grew double digits in the last quarter, and so it's been. It's been a really good business. The only parts of our business that struggle in the fourth order or some of our food service business, both here in the US and. China, but even there in the US we took share, and so while we were down twenty eight percent in our food service business, the sector as a whole is down far more than that, so we competed really effectively even there yet all these good and but we gotta go over something else. At the top of your call, you did something that no one else has done. You mentioned the name George Floyd you mentioned to her fluids named twice. You mentioned black lives matter not just that we have to help minorities..
Top military general calls photo-op with Trump a "mistake"
"The nation's top generals apologizing for taking part in a photo op last week outside of fire damaged historic church across from the White House joint chiefs chairman general mark Milley says he should not have joined president trump and other administration officials in walking past protesters I should not have been there my presence in that moment and in that environment eight a perception of the military involved in domestic politics the commission uniformed officer it was a mistake both general milling and US defense secretary mark esper say they misunderstood their involvement in the incident in which tear gas was used to clear a peaceful protest against police
"general mills" Discussed on KNX 1070 NEWSRADIO
"Jong and race traitor they can extend seventy dot com digital coordinator Amir but his production coordinators Matt park Sergio Alexander and Brian Hurley protesters filled the streets of downtown LA officers out to try to keep the peace more at seven oh five after CBS news at six fifty five graphical weather together sponsored by stater brothers here's Brian Douglas and looks like we have a little flash point here at fifth and olive so we're at Pershing square where the protesters engaged police an officer was actually pulled in to the crowd he was released and it looks like the crowd was trying to do some damage to some LAPD vehicles here so faith in Allah that's Pershing square avoid this or if you can spare fact just a blanket statement if you don't have to be downtown do not go downtown all right early they tried to get on the protesters tried to get on to the one ten looks like they're still attempting maybe to get on to that one on one although strong police presence is preventing them from doing that I again I would avoid the one ten and the wanna one downtown the five or I'm sorry to tend to the fiber that the five to ten so you're coming around south of the big buildings I think that's the way to go that one tends to be a little slow as you make your way north bound through downtown but avoid that if you can't all the five south this is in Congress will probably Garfield batches clear this was a bus blocking the two right lanes will still see a little slowing their looks like somebody attempted to steal a construction person's truck here on the sixty east just past you quit because it's a place activity and that's road work as well that has you slow from Euclid two right lanes at Archibald makes a tough out to the fifteen that tend not much better through Montclair it's gonna be slow Indian hill over towards fifteen stepbrothers markets like to offer a heartfelt thank you to general mills.
TV advertisers are changing the channel
"I'm Kim Masters and this is Hollywood breakdown joining me as my regular Banter Buddy on the business at felony and Matt normally a lot of reporters would be gathering with a with masses and masses of advertisers in New York. This time of year for the upfront presentations when these advertisers are are given very splashy star studded presentations in places like Carnegie Hall Where CBS does presentation and these they unroll the fall shows and they they and there's huge parties. I mean this is where billions of dollars worth of advertising are are starting to get sold on the basis of the shows. I remember the year back when they played. Abc played the entire pilot for modern family. That's really rare. It's what you do when you think you have something great and you think all the advertisers will want to be a part of it and you can make a lot of money. So of course there's not a prince this year and their virtual. They're doing these things they're trying to do them. In one way or another different networks taking different approaches some of them are having sort of virtual presentations. Some of them are having smaller. Smaller group presentations virtually of course and it augurs badly all of this because advertisers are really fleeing the businesses not there. It's going to really really be devastating for television that is driven by advertising. Yeah I mean this has been analogize by a couple of analysts to the two thousand eight recession and what that did for the print advertising market which is it exacerbated trends that were already afoot and just absolutely accelerated and made them devastating to the print. Business and people think that this might be the case for traditional LINEAR AD driven networks. Where there are you know. They're the trend has been away from these massive commitments but the business has been okay because they've been able to get creative and come up with hybrid ad packages that a lot of advertisers could buy into but this year. I mean there was a Wall Street Journal piece this past week that estimated just in the third quarter between a billion and one point five billion in ad commitments are just going to go away and advertisers are experimenting more and they're seeing more traction on digital platforms and they're using this pandemic to experiment and do do things and will that Ad. Revenue Comeback knows. Yeah they have the ability advertisers in many cases to cancel existing commitments. To get out there trying to I mean they buy these ads well in advance of the TV season and they do have in some cases an chance. They did have a chance to cut back on some of their commitments before may first so things like General Motors pepsi-cola and and Pepsico and cracker barrel and General Mills. Big Huge companies have been trying to take advantage of that cancellation option to varying degrees. And and there was a survey released from something called advertiser perceptions that marketers will plan to spend thirty three percent less this year during the up fronts compared with last year and that is a six point. Six billion dollar decline. If that's right and I'll read you a quote from the one of their executives the upfront strikes at the heart of the uncertainty advertisers are struggling with. They can't commit long term but at the same time you know they do. Advertising isn't going to go permanently away if you're hoping lower to attract customers you got gotta advertise somewhere and TV. I think it's still a big tent broadcast TV. And the ratings have been up for broadcast network. They've been up everywhere during the pandemic. But we're starting to see some softening as these were made it. Home episodes become more ubiquitous. I think that's probably going to continue over the summer. In the fall. People are afraid to spend money so advertisers can advertise but people aren't necessarily buying and those companies are hurting to thank you. Matt thank you. That's Matt Bellamy joins me this Monday at one thirty business. I'm Kim Masters and this is the Hollywood breakdown.
Stock market falls as jobless-claims figures show extent of coronavirus damage
"Good morning investors today will focus on the US jobless claims numbers out before the opening bell filings for unemployment benefits probably continued to come down but remain elevated amid massive job losses during the corona virus pandemic economists today are estimating total first time claims at two and a half million last week fed chair Jay Powell warned yesterday of the pandemic's long term risks to the U. S. economy and that helped trigger a drop for stocks on Wall Street the broader market was down almost two percent the Bloomberg WCCO Twin Cities index slid three percent but there were some gainers led by General Mills followed by Hormel
Big Advertisers Set to Cancel Commitments to TV Networks
"Tom General Motors Pepsi and General Mills are among companies that want to cut back on ad commitments for broadcast and cable networks Dow Jones has won a one and a half billion dollars in ad spending for the third quarter could be
When Stocking Grocery Shelves Turns Dangerous
"Survey if you went to a grocery store lately you've noticed the bare shelves as Americans hunkered down at home amid the corona virus pandemic try to shop online you're likely to come across the words out of stock or backordered from poultry to dried goods Americans have been stocking up to prepare for an extended period of so called social distancing that has food makers like Kraft Heinz Campbell soup General Mills and Kellogg's working overtime to meet demand but they're also worried about the supply chain and it's not just food makers concerned about getting their products from a to B. the consumer brands association which represents a wide array of consumer goods makers has called for federal aid to help avoid supply disruptions the organization is also asking president Donald Trump to set up a special supply chain group at the
Where AI Is Impacting Retail and eCommerce Today - With Guru Hariharan of CommerceIQ
"So Guru just to get things off the ground. I really want to get your perspective on where you see making a the difference in ecommerce today if we just freeze the tech today and we look at where it's making a difference on. What are those areas that are biggest in your opinion Denver? Thanks for having me on the show. Of course as the apply to e commerce are a few things which it can have some pretty significant impacts and of course there's a lot being said tons of custom expedience which is the most obvious thing where can include experience of the shopper. Coming into the store or coming coming in online and others but I want to talk a little bit about some of the back offices. If you may've that has not been talked about much which is Sales Marketing and supply chain those are areas which have amazing amount of opportunity in terms of the data. That is flowing thumbs off the deputy of tasks that can be automated the opportunities in those areas and a lot of top tier companies automated and end apply to improve their sales efficiency marketing efficiency and supply chain efficiency when starting with dog companies like Amazon. Yeah well obviously the Amazon is pretty. Well aggregating this whole space That certainly your guys focused as well so you wanted to knuckle down on the sales and kind of supply chain side of things here grieve. You're voting off to. I'd love to if we could start with sales. That'd be cool because I'll be honest with you. When it comes to e commerce I would everybody thinks of and probably where most of the action in is with a I and I think you'd probably this yourself is going to be on the marketing on the consumer purchasing side? Right what offers in my face. How big is the button? How does it show up on these different devices? What kind of e mail campaigns do I get right? It's a consumer clicking a button in swiping their visa. But you're talking about sales. Where do you see sales playing into the mix of common? Where does get in there? That's a that's a great question. So let's let's start off before we get into the application of AI. Let's just spend a few seconds to think about how sales sales is enabled on ECOMMERCE shirt. Accompany like Kellogg's are a kimberly-clark if you are to sell products that so you're selling die. buzzer selling curiel cereal boxes. How do you sell howdy enables sales teams on? How do you sell on retail outlets whether it be e commas whether whether it be a kroger store Walmart store? Typically what happens for decades out there for a century from a sales standpoint Kellogg's along our kimberly-clark is employing a top negotiator. The hiding from an Ivy League and like an NBA and teach them how to Gauthier Arkansas are Cincinnati to have a conversation and negotiation with Walmart are a kroger over dinner table and they have a process called the joint business. Plan talk through a number of options to invest on. How how can I buy all these The majority of the space that is dead in the diaper Iowa. The cereal of your store. Can I get the space right next to the cashier's without doesn't impose Opportunity things of that nature. All of these things have been traditionally done and balking century for decades in for more than a century in a setting which is a human to human interaction's our cable. So now let's flip order. Twenty twenty majority of sales sales which is happening on e commerce does not happen that way in fact if you enter Amazon our copier ECOMMERCE and growing companies like Walmart Dot. Palm are are Instead God another. You don't have people on the other side who can have conversations and Negotiate these these deals in fire. The language of this speak is dot of data. They would expose for instance Amazon exposes a bunch of data files through a Puerto. And if your Kellogg's you're expected logging into a portal figured out. How sales happening which sealed boxes are selling more on and not wait? Am I getting the right. Customer Feedback House might rent. Doing supply efficiency everything is codified in Puerto inside and communicated the data. So if I'm Kellogg's might old ways of human to human interaction's completely breakdown because guess what does not human on on the other side. What do you do so that element of sales has a seismic shift as a huge disruptive? Change that is happening right now. The market where sales needs to be completely codified into a machine. That's probably what we call out. Intelligence right yeah. So interesting. Listing big dynamic. So I'll just kind of try to sum this up then we can poke into the AI. Part I appreciate you kind of I guess setting the table for the topic. I think a lot of people do associate sales with the old old school song and dance. Bring a briefcase. I buy you a Scotch I ask you about your kids and then I talked about. Can I get this floorspace. Can you buy this kind of quantity. Not what do I gotTa do to have you purchase our product instead of general mills. You know whatever the case may be right but you're talking about now Amazon Amazon a platform. So the only thing that they're vendors are going to see sort of dashboards and that this is now changing the game on on how we do business do sales. How do you sell to a dashboard board in other words? What is now sales replaced with? So that's Let me think about selling into a company with speaking the language of data which is selling to a dashboard. You don't think about applying negotiation tactics from an from a human perspective. But can you a blind negotiation tactics using Using data so for instance. If I know that you're under sodded on a sudden which is getting to be an important key? What on your website aside? Let's say for instance Kito Cereal Boxes Keita's attending dumb and people eat cereal so they're searching for Kito cereal now if the industry does not have house keep those cereal. It's opportunity for you to identify those items in your assortment. which have the right ingredients and stock marketing outselling those items against those keywords on an overall basis as you mentioned if you're a salesperson Trying to get your products into a store. A stores a very deterministic concept offline. Would you walk into a serial and that's it. You'll find your cheerios. You sign find a gentleman's Products you find everything that needs to be there in that one. I'll when you walk into the e commerce store and I say walk in with a quote Unquote Ya. Am you walk in you walk. In using search thumbs and these search dumps could be a combination of keywords that type in it could be lane lane on cereal boxes could breakfast. Cereal could be snack. BOC CEREAL KITO cereal organic cereal. What would maybe there could be thousands of such keywords which make up the quote unquote digital? I'll now it's up to you as a brand to figure out where should I sell. And and how should I sell. which products do promote? which products do I given incentive for the shop or through a coupon and things of that nature and if if you think about the explosion of combinations that has happened over there? You've got thousands of key woods and save a few hundred products that you sell and you have essentially do that matching and start to push them the right level so that you're able to maximize that are done on your sale. Spend and trade spending such available due to drive. Maximum profitable sales on ECOMMERCE website
FedEx Stock Stung by the Shift to E-Commerce
"Got to look back on two thousand nineteen we've got another strong quarter from General Mills. And yes I am surprised to be saying that out loud. But we're GONNA START WITH FEDEX next because shares of Fedex or down nine percent after a second quarter that did not live up to expectations. And I I got a couple of questions for you about Fedex. But let's just start with the quarter itself. What did you think of the quarter in what stood out to you Well I'm going to quote some Somebody from Wall Street to Deutsche Bank Analyst The right up there. starts with Fedex reported results that we can only characterize as breathtakingly bad. That's that's a little. That's a little mean. That's that's that's a headline. That's hurtful headline. Yeah they were. What do do you think they were breathtakingly bad? Yes I mean I dwell. I'm just following on somebody else's Verbiage now but I I have nothing to counteract that with breath and I think Fedex itself the CF oh Okay not to be outdone the CFO on the conference call described Their Air Quarter as horrific. So I mean they're just trying to top each other really. This says what he what he said. Technically is quote our justed operating profit. year-over-year is horrific comma. But it's going to improve. So yes he you try to try to clear everything out out of the way. Okay this is the bottom used that term. And you know we're we're we're coming back strong strong. You know this. This is a little bit of A. WE'RE GONNA make it up in the second half of the year in Fedex has a different fiscal year so this was the Second Quarter and They've got the second half of the year to improve things and that's Always I think a difficult thing to bet on here it a lot like the second corps second second asking to be a lot better. But don't don't look at the first half so for a good stretch of time. Fedex was one of those companies that was referred to as a bellwether stock. If you want to know the state of the economy you can check in to see how ex company is doing and Fedex was one of those companies it. It seems though for a number of reasons not the least of which is Amazon's continued investment into shipping that Fedex is is certainly at minimum less of a bellwether stock. And maybe no longer a bellwether altogether though other about certain things So the the main components components of the difficulty here were Global trade disputes so less international trade Less things moving around around across borders and that's a big component of Fedex business and Secondly and I'm not really ordering these but Amazon yes Amazon of subtracting some of its business from Fedex Fedex subtracting some of its business from Amazon the two of them Fighting and I would say you know is is a bellwether in that respect in that it's business is tied to the strengthen its ability to work and play nicely together with Amazon so that is also something that you know in the retail mall world You know the degree to which Amazon is taking things things over You know is a big component of the difficulties air facing and when you are doing a lot of business with Amazon as Fedex was as XP logistics six was this time last year went through sort of a similar story. So it's X. P. O.. Lost the Amazon business sought stock cut in half basically because of that. And a few other things you know it's it's a year later. It's come most the way back that being expo Fedex. They gotta make this up somewhere somewhere a little bit more difficult for them Because this was a big chunk of the Business Amazon you look at a five year chart of Fedex it. It is down slightly. I mean it's basically flat over five year period and by the way so he's ups are these just not great businesses to own. If you're someone who's looking to own a business and hold it for five ten twenty years well I don't know it depends on your starting and stopping points and right now are looking at a point which is Involving this is slowing trade and global trade disputes. So check back in a year. Maybe it's a different story and maybe maybe fed ex is saying. Hey We told you so you know this. This was the bottom You know as soon as everybody started trading again. They're using US US They're they're probably not going to be. There's going to be a better chapter to their story with Amazon At least that's the way it looks right now so I wouldn't hold breath for that to improve but global trade char. I mean we're we're looking at the domestic economy and saying things are good here but Fedex global business. So you know. The the impact from the slower economies is showing up for
"general mills" Discussed on KTOK
"Tells Mr General Mills did reaffirm its outlook shares of P. G. any are also soaring before the opening bell the bankrupt utility company has won court approval for two multi billion dollar wildfire settlements it will serve as the centerpiece of its restructuring the judge signed off on a thirteen and a half billion dollar plan to compensate victims of catastrophic fires when done P. genies equipment and an eleven billion dollar deal to settle claims with insurers and investors utility now has to win over governor Gavin Newsom stock futures flat to hire this morning Dow futures up twenty one points S. and P. futures up to nasdaq futures up six points Wall Street is set new record highs crude oil it's sixty dollars and sixty eight cents a barrel Jeanne Meserve Eddie Bloomberg radio radio one thousand Katie okay AM and K. X. X. Y. FM ninety six point one eight well over six he would be just the third president impeached in history I'm Dave Anthony fox news thousands rallied in new York's Times Square and in other cities nationwide supporting house Democrats in today's impeachment suspense sad because along the way they dressed rules in the house they trash decorum they fast everything because they had one purpose and one purpose only to run to the election twenty sixteen as congressman Doug Collins he and other GOP lawmakers United in support of the president or just tweeted it's a terrible thing and he did nothing wrong the day after the present wrote a letter to house speaker Nancy Pelosi saying she's doing a terrible thing in calling it an attempted cool now the debate that sets up today's vote starts in an hour fox's Rachel Sutherland live in Washington state house speaker Nancy Pelosi calling the president's letter sick is Democrats move forward with the articles of impeachment claiming the present abuse the power of his office for political gain congressman Jim McGovern asking was it appropriate for him to ask another country to investigate an American citizen another article accuses the president of obstructing Congress expect about six hours of passionate debate before a final vote later today a handful of Democrats may defect but instead she the press tally shows speaker Pelosi has supposed to prove the charges setting up a Senate trial in early January days over into the two parties did come together agreeing to work out a spending bill to avert a government shutdown this week it's a one point four trillion dollar plan includes money for border security gun violence research Chand it would also increase the age to buy cigarettes and other tobacco products from eighteen to twenty one well made all the worry about vaping and dozens of deadly long injuries comes a new survey out today from the National Institute on drug abuse showing one in five high school students in the U. S. didn't just vape in the past year they use liquids filled with T. age see the chemical in marijuana that gets you high musings cigarettes with.
General Mills recalls Gold Medal flour after E. coli found
"Cabinets General Mills is recalling some of its flower products because they may be contaminated with E. coli the recall includes five pound bags of gold medal unbleached all purpose flour with a use by date of September sixth of twenty twenty all other types of gold medal flour unaffected by the
General Mills recalls Gold Medal flour after E. coli found
"It's time to check the packaging your pantry again if it's flour General Mills issued a voluntary recall six hundred thousand pounds of the gold medal flour says it might be contaminated with E. coli bacteria the recall limited to one product five pound bags of the gold medal unbleached all purpose flour best by date of September sixth twenty twenty and a General Mills says there are no reports so far of anybody actually
Charlie Turner, Mike And Six Percent discussed on WSJ What's News
"It seems we're no longer cuckoo for cocoa pops or craving lucky. Charms sales of cold cereal have slumped six percent from five years years ago. That's prompted companies like general mills and kellogs to invest in new and trying to lure us back to the cereal aisle. Charlie turner has been finding out more from mike made him berg. Mica sales of cereals have been struggling. Why is this is there a lot of competition from other foodmakers. Yeah there sure is breakfast is a very competitive time of of the day for both food manufacturers and for fast food companies on the one hand. Cereal makers are facing the fact that fast food chains are offering deals does low priced sandwiches breakfast
"general mills" Discussed on MarketFoolery
"Let's talk some net flicks up at the time of our taping shares were actually up slightly, and that was a bit of a surprise, because news coming out that NBC is pulling its hit show, the office from net flicks when that deal ends at the start of. Twenty twenty one now interesting to see how this played out. The office is produced by universal television. They held an auction NBC bid hundred million per year for five years. Edging out net flicks. Now maybe they had a bit of an inside track. We're talking about that. But regardless the office leaving net flicks in twenty twenty one. What do you think? I think it's a big deal in and of itself. But the bigger deal is, is this going to continue to happen is friends next? For example, I think the answer is probably, yes. Lots of folks watch Netflix for the, the repeats of their favorite shows, not necessarily original content you and I were discussing earlier before the show. And if they're gonna lose just a few key hit shows, I would imagine that it's going to be a serious hit to their value proposition. Yeah. And you mentioned that and I think that's it's a little tough to get it this because net flicks guards their data. But I've always had kind of the stranger things theory of the case that we would subscribe to net flex if stranger things was the only show they had now, the question is do most people fit into that, or, or most people using that flix to watch archive shows like the office, and I guess we're gonna find out, I guess I, I may be based on demographics. I think younger folks liked to watch the repeats of their favorite shows, maybe old fogies like us enjoy the original content. I'm just making that up. But perhaps, that's how it divides based on demographics, but clearly if you're going to charge a fee and continue to want to raise that monthly fee like Netflix to do here, and there, you got to have the content you got to put the right content fourth, and that's it's going to be a combination of of, of their own and as well as other people's favorite shows or Ron as we wrap up here. I want to present you with my desert island question where I ask you, if you're on a desert island, and you have one of these stocks, and you have to buy one of these talks for the next five years. What are you going with general mills, FedEx or net flex, and let me, let me let me I back up say that last week on the show that you're on. I mentioned that there's been kind of an internal debate here. One of my colleagues said when you say desert island, I don't think you mean that I think you may mean deserted island I got a lot of great emails. So I don't want to relitigate this. I want to say I'm sticking with desert island. Okay. I feel good about the way of been using it Marjorie road. Don't let other people's lack of finesse and painful pedantic literal. Nece limit, your perfectly appropriate use of desert island. Besides if the Gilligan's island theme writers got it wrong. My faith would be destroyed. Wow. So think archery in their merger. Thank you, in Tim from New Jersey wrote desert island is an island, which has never been inhabited, which is an his always been uninhabited deserted island is an island which was. Once was inhabited, but whose inhabitants left for one reason, or another, whose inhabitants, deserted it. I just want to say how great if our listeners to take time out of their day. So extremely foolish, because obviously, we're kidding around. We're having fun here. But it's just so kind and fun of them to, to take their time. It's great. I love it just to indulge me. And so, the desert island question, general, mills FedEx or net flicks over the next five years, where you're going with odd this, a toughy. I don't like any of them by. But if I have to choose, I'm going to choose FedEx FedEx. Yes, let's see how I do. And how'd you feel about alphabets? I like to make words with them, but the taste was nothing special. I agree. It's more more the marketing when right? Okay. Why as always people on the show may have interest in this talk about, and the motley fool may have formal recommendations for against so no by herself stocks based solely on what you hear wrong gross. Thanks for joining me. Thanks mac. That's it for this edition of market for the show is mixed by Dan Boyd. I'm Matt grew. Thanks for listening, and we will see you tomorrow..
"general mills" Discussed on MarketFoolery
"I'm Matt Greer and joining me is motley, fool, unless wrong gross Ron, it is just you and me in a word. How would you describe how you're feeling right now? So excited I could barely contain myself. Okay. Okay. Always happy to be here with you MAC. Well, good. Well, I'm excited to later. We're gonna talk some net flicks. They're losing the office. If you heard of the office show boy, my kids love them, some office, as do mine, and effective twenty twenty one the office will no longer be on Netflix. We'll talk about that. We're also gonna talk about some FedEx. But let's begin with a rough day for general mills shares down around five percent at the time of our taping on earnings. Ron disappointing revenue weakness in their US snacks business. Now, a lot of us when we think general mills we think cereal and, you know, the cereal cereal sales. In line with last year hanging in there. But they're not just cereal. They've got a number of brands everything from Haagen-Dazs to yo play to pet food, but they are running into this trend of consumers eating healthier, tough go, you got it. You know, it's interesting actually even with today's drop the stock was up twenty five twenty six percent on the year. I would not have guessed that if you'd asked me to, to kind of predict how the stock has done this year. So that was surprising to me, but you nailed it. It's, it's everyone's growing preference for healthier, breakfast and snacking options. It's hit all the companies Kellogg, wand, Elise Kraft Heinz. It doesn't matter who you are certainly general mills is, is not immune to that net sales organic net sales that's important in North America. Fell two percent. That sounds healthy though. That's our Ganic but importantly, because of their attempt to diversify and specifically the blue buffalo pet food company they bought last year. Total sales was actually up seven percent and they saw thirty percent increase in the blue. Buffalo pet business. So diversifying is is working. But obviously they want to grow some of their brands continue with some of their healthier brands a focus on Haagen-Dazs. Interestingly, not so healthy old, El Paso, Mexican their portfolio of natural and organic foods and their snack bars. They're, they're really trying to kind of focus on growing those businesses. So I think the question that everyone wants to know is where does this leave bugles because they I love entry, hopefully, you know, if you love you have you ever had. Carmel bugles. Oh, I don't think so. But when I was a kid, it was one of the most satisfying things to buy the bag of bugles. And then you pretend that they are, in fact, bugles, right? Let alone the child you needed Ave. Clearly. That was just salt and a bag. Why they were so good, crunchy salt and event is true in shockingly, not doing as well today with the health conscious consumer. So let's talk a bit more about the stock because as you mentioned, the stocks had a great last year beating the market. But it's lost to the market over the last five years and shares now trading below where they were five years ago and fun fact still outperforming Kellogg. Yeah. With wolf. Wolf wolf ESO? What's the bull case for general mills? The bull case, I think, is that they're going to continue to diversify through acquisitions, but that's dicey because that, that bull case also has a barriques right around the corner. It's tough to do aquisitions correctly. You wanna make sure you pay the right price. You might make sure you go into the correct areas, I think, part of the strength of general mills over lasts a bunch of months was partly the result of the diversification strategy. Blue buffalo being one the investors seemed to be excited about. But it's tough. I mean, the stocks. Our trading around sixteen times, not just Errol mills. But a lot of these companies, and there's a reason for that. And the reason is, is a lot of uncertainty going forward, and we'll probably still see weakness for some time until they kind of get their product portfolio straightened out. Okay. Ron and as we wrap up here looking back on your cereals, and they don't have to general mills that can be Kellogg, and they can be. But how about some favourite serials by far knock, Chem crabbing crunch is one of my favorites with crunch berries? No without contributes, actually. But foodie, pebbles are just unbelievably yes, love. Overrated. My guy was the Flintstones market. No. It was just the made. The milk fruity fruity ish. You let them get a little soggy of I gotta go. I might have to have them today. Okay. Let me hit you as some of my favorites and tell me how you come down apple jacks, boring. But my wife loves it really is fruit loops. Yeah. Like pretty pebble. Cousin count chocula now to chocolate for me to shot. Are you kidding? Get here is one of my favorites this was a sleeper frosted mini. We have it written down right here on my extra. So I wouldn't forget to mention it if you let them get a little bit Sigy fantastic. And you feel like you're eating wheat. So how bad could it be? Oh my gosh. And one of my truly favorites and I had probably a six to seven year relationship, it was a monogamous relationship here. Think about you needing a hobby, ready ready, golden grams. Oh, they're the Golden Globes are good for sure. I mean harsh their magic. It's a shame that cereal has, has gone, the way of the dodo bird because it's delicious, obviously, it's unhealthy. And that's why but even granola is delicious and milk. Everything is good. The for I'm gonna hit you with three over. Rated cereals. And you tell me if you agree ready? Yeah. Weeds god. Yes. They'll terrible Rice Krispies. They do crack snap, crackle, and pop feeling fun far after that, it's like, okay. And then Cheerios. Yeah. Oh my God. Like eating cardboard. Yeah. Honey nut Cheerios are okay. And then the one and then one more name. I wrote you get this on those other one more one more name. I wrote down and the word or the phrase, I have written by it is. I'm not dead yet. His grape nuts. I always when I was a kid I always associated grape nuts with like being older. And now that I'm older, I still associate with being have to be like, eighty to enjoy the exact. Yes. So I've got a few more years, but I'm looking forward to okay? Let's move on, after that hard hitting analysis. Let's move onto FedEx stock not doing much on earnings. Ceo, Fred Smith said trade disputes, and an economic slowdown have created quote significant uncertainty for FedEx express, Ron. Also facing stiff competition from UPS and Amazon as well. What do you think of FedEx earnings, the earnings are okay, but it's, it's the forward guidance about US China trade tensions, they forecast, a mid single digit percentage, point decline in adjusted earnings for fiscal twenty twenty investors. Don't like to see that, that I can tell you as far as this quarter adjusted revenue up two point eight percent operating income down seven percent though, negatively affected by lower package and freight revenues at FedEx express higher costs at FedEx ground cost associated with their US-based voluntary. Employment played by out the, the are voluntarily retiring, lots of employees there to cut costs. There was some strength though, US volume growth was up increased revenue per shipment at FedEx freight and FedEx ground some, some favorable incentive compensation expense. Decline. So there, there were some offsetting positives. But overall, you know, you don't wanna see a company like FedEx an operating income decline. And let's talk about the competition. Because when you look at FedEx when you look at the stock shares have lost to the market over the last year and they've lost to the market over the last five years, but they're still beating ups, okay? If you want to feel better, if you're go hang out with UPS right, but it seems like increasingly you've got traditional competitors like ups, but you also have the Amazons the Uber's you have anyone with a car who may essentially contract their time and their services out to a bigger company to deliver. How does FedEx compete with that, while you're seeing that it's tough? And you're seeing that in the stock price, they're doing things like making it more convenient for folks to drop off and pick up packages of perfect. Example would be. They just said, they're going going to create drop off and pickup sites at dollar generals, eight thousand stores what that does it puts ninety percent of the US population close to a FedEx full footprint of some kind. So they're trying to make it as convenient as possible their severed ties with Amazon for their express delivery service, the, they're making strategic moves, and sometimes. Difficult move, because as you say, it's very competitive landscape out there in Ron before we get to our next story. I want to say thanks to net suite now we know here at the motley, fool that if you don't know your numbers. You don't know your business, but the problem that growing businesses have the thing that keeps them from knowing their numbers is this Hodge podge of business systems. It's just a mess. You've got a system for accounting. You've got another one for sales. You've got another one for inventory. Yikes. It's so incredibly inefficient takes up a lot of time sucks up way too many resources and Ron, that's where net suite by oracle comes in..
"general mills" Discussed on Important, Not Important
"I think the minute that we start to think were on vital or were just this autonomous being moving through society. You know, I think that's where things really go bad. I think if each of us thought about okay, I am essential to creating change. I think each of us are are vital. And I think we need to start telling people, you know, every action that you do really impacts things. So awesome. I think that's very selfless answer. But at the same time, a good instructive one or as we like to say just just just give shit people pretty difference. Awesome. So let's throw together a little context for everybody here. Jennifer, please. He's jump. Incorrect us runaway. Whatever makes more sense so talking about sustainable food. And and specifically, obviously as you, and I mentioned, some emails that is a complicated term. But in the context of food. Yeah. What can are you mocking me Brian? What was that face? No. I'm not I was just clarifying for my son. Okay. The listen. Okay. We in the context of today's question, which is what can the big food and beverage companies do to to push us much more quickly towards towards that. So listeners may or may not know this or maybe they have some idea of basically, there's about seven companies that own almost all the food you eat unless you're buying strictly local produce or growing it yourself on. Of course, a lot of our listeners are doing some of that. But if it's even remotely packaged, then that is by Coca-Cola PepsiCo, general mills Kelloggs, Mars, Nestle and Kraft, we will put the image. Of everything that they own Brel in our show notes and rhino throat up on social media. And if you haven't seen it, you should it's pretty wild not necessarily a bad thing. But also, a very complicated issue. So in light of that, they're they are pretty much in control the food system. Which is why we need to to talk about it more. There's a huge variety of issues with our human food chain, which is mostly controlled by these companies and also couple of private ones, but the huge companies that grow the food, whether it's a corn or soy that go into most of these products, and and some of those issues are industrial farming, which is a conversation to itself added sugar monocrop plastics etcetera etcetera. So what I want to know is is again, you know, we're going to dig into his what can these huge companies that own everything you see in the grocery store do right now in soon because we are in a little bit of a hustle to. Improve. Let's talk specifically about US food systems and drive some of these trends towards a more sustainable future. So what does sustainable mean in this case, I guess there's divided places we can go..
"general mills" Discussed on Forbes Under 30
"Like. So imagine me standing there shorts and a shirt. All these guys thinking. I was going to get a big deal GNC in this tastes like. There was a, but again, they said, we love the concepts in that plant based could really be the next big thing. We want you to help us in. We want you to to make this product better in in create something that that our consumers will buy an ultimately changed the category. And so what do they say? What do they offer up? Then they said, go back reformulate. It create a product and bring us a finished product that actually tastes good. Put some pants on put some fans on. Exactly. So rather than doing that, I went to vitamin Shoppe who is, you know, they're, they're somewhat rivals, but at the same time, the GNC does well vitamin Shoppe does well. So they kind of rely on one another. You know, it wasn't necessarily intentionally, but I happen to have had a meeting with them as well. And they said, listen, we love the concepts. We get that the product doesn't taste great. Now, I mean, I didn't even have packaging ready to go to show them. Yeah, they said if you can deliver the product in ninety days ninety days, which is in large corporate terms like. Virtually impossible to deliver anything in ninety days. We will launch you in two hundred stores nationwide with one skew or one one flavor of bar. So I said, oh, that's like ninety days I've been giving ten days we can get, you know. But yes, I, I went back. I went to Craigslist again, my biggest resource. I found a graphic designer. He was like ten bucks an hour. I hired him for two days straight. We sat next to each other. We created the product packaging right there on the spot. It's literally twenty four hours. I found I called called every co Packer contract manufacturer. That could potentially make the product for us and that essentially had to a formulation team that could help kind of scale it up to a production light line type of setting. And I found one that was small and able to scale with us and believe it or not was the co Packer that that we worked with from the first tiny little bar production runs what we're doing today. We still use them. It's a great relationship, but I delivered the products in in ninety days to vitamin Shoppe. I made it tastes better. We had product packaging that UPC's did all the stuff that I needed to their paperwork, and I got a call back the next week and also keep in mind that I had as euro percent marketing budget, which is no-brand does that you don't go into a retailer, especially as a new product with zero percent marketing budget. So I get a call back week later saying, hey, so I don't really know how to tell you this, but the product is selling so, well, we want another flavor. So I sent him another flavor and then they say, hey, we want another flavor and another flavor in another flavor. And we wanna expand you to all of our stores chain wide. And then I got a call back from GNC a couple of weeks later saying, what the hell we want your products in our stores in all of them fast, and we'll be right back after this quick break, traditional static offices are thing of the past today. Companies employee's want an active workspace. Veritas helps people reimagined their office designed be more active at work, like standing more sitting less can help improve your health by boosting energy and productivity. Verret desk, active workspace solutions, make it easy to encourage more movement in a day. The new protests sixty electric standing desk is the cornerstone of the active office. It's designed with commercial grade materials, stable at any height and fully assembled in under. Five minutes plus all Veritas products are made to less. 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A. along three hundred page business plan. But if he ended the day when you simplify it down to what it is you're creating a product that people love that there's a major need for your, putting it in retailers in partnering with them and you're selling products. So for me, you know, it wasn't a matter of me trying to get an education. It was a matter of me trying to, you know, see what other companies were doing. Actually, in fact, it was the opposite. It was seeing what other companies aren't doing, but you take it day by day and when you don't know something, you learn it. You know, I remember being in meetings with big retailers and they would use terms like, what's your GM like gross margin or not. That's a terrible example. But you know, acronyms that I just had no idea what they meant. And I, I'm the type of person who early. The on, especially hated asking for help by likes, figuring out on my own and and being independent with it. So you just learn use context, clues, you learn from a stakes, you learn from me having to dump the half a million dollars worth of expired product out last year. That's how you learn, and that's how you get stronger. So yeah, at this point, are you building relationships with the people that you're finding these freelancers who are kind of like joining your team? Are you finding people that you like the people that are they still with you? You know, as much as I hate to say it now for me, this was again, no experience first time doing it really, you know, at this type of scale, I was so focused on growing the company. So focused in this is gonna sound very narcissistic. But I felt as though I needed to be in control of everything rise a micromanager I felt as though I needed to run sales marketing accounting, everything I was so focused on growing the company working eighteen hour days, seven days a week living on an air mattress. Literally, I mean, didn't see the light of day for like weeks at a time. I couldn't even talk to my mom on the phone for weeks or even months at a time just because I was so busy and so focused on this. I refuse to even take the time to onboard new hires and teach them how to do what I needed help with. I was so focused on growth in speed that I literally would not even spend the time to ramp them up or get them them caught up onto what exactly they were doing. So, you know, that's that's something that I constantly am working on. You know, it was very long lonely road for the first two and a half years where I was just. A bad manager in and was unable to get a great team behind me and was forced to do everything on my out. It was the problem that you didn't want to relinquish control to these people. You know, I think it was a little bit of that, but it was also a little bit of time. When I think about time, it's really our most valuable asset. And you know, the way I looked at it was I was I was going to bed at eleven o'clock at night, waking up at two thirty in the morning most days. So I was almost living a full two days more per week than the average person and was able to get in, you know, essentially a nine day workweek, but since I was so focused on on managing the growth of the business part of it was also I literally just didn't want to get off the gas pedal. I didn't wanna start hitting the brakes to take the time necessary to hire people, find them interview them at tell them what we need to do to be successful, catch them up to speed on everything that's happened in the past. I just I was so caught up in my own world that I just wanted to slam on the gas pedal in grow the hell out of this thing and didn't want to look back at all. Well, wanna get to where you are now, but but tell me, when does general mills come in because general mills launched VC venture capital arm in the fall of twenty fifteen. To sort of invest in smaller startups, and I think you were one of those startups, right? Correct. So, you know, for me, it was basically I've been working two and a half years. The company was extremely profitable. You know, obviously given the low overhead, I wanted to set the company up for success right off the bat and and run it as if I wanted to hold onto it the rest of my life. But at the end of the day, I'm an entrepreneur this, you know, wasn't my first company that's not going to be my last, but it's something that I just had a dying passion to grow to this level that I knew it could get to. So at this point, I, it was still just me, you know, I was still living in the office and you know the first year it was a million dollar company. The second year we were in eight figure your business. And you know, I was just sitting there running by myself with no help. No marketing now. I mean, we were missing so many opportunities for potential growth in at to be honest, I was getting. I was hitting a wall where I was just I wasn't having as much fun as I did at the beginning. I wasn't enjoying the journey as much as I. Used to. So what I did was I hired an investment banker just to explore opportunities in the market, whether that beats a take on it investor, whether that be to sell the company, whatever it may be really to to get help on the ops side and get help on on the hiring process and to help build a team around me, you know, so that this wasn't just a one man d show. It was a team process where we could literally all have one goal in in kind of enjoy the journey together. So I met with general mills. I met with a private equity firm in Chicago, small one to ex partners, and we sat at a table together instead, hey, we gotta figure out how we're gonna work together. Let's do this. And you know, six months later after the term sheet came in after due diligence was finished. We became partners on Valentine's Day, two thousand seventeen, believe it or not. And it's been great ever since at this point you I'm assuming have to give a sizeable portion of your company over to GM. Right, correct. You know it was. It was the the biggest decision I've made thus far in my life. And you know, it was something I thought long and hard about. I knew the potential risks. I mean, typically with when private equity or or larger strategic come into play, the founder usually vanishes from the company or rates and things don't work out. Great. So you know, I, I understood the risks and I, I value the potential positives a lot more than I did the risks. And you know was aware those. So you know, it makes it hard for me to be able to complain about anything in the future knowing that that a lot of these risks are are still on the table. But you know, at the end of the day we we were great together. We've got a really good relationship so far, and you know, I figured that the resources that you know a company like general mills and a private equity firm could could provide to me would be more than value. Also, you know, it was very tough to to give up. You know what I gave up, but. I was aware of the risks. How much did you have to give up. You know when fortunately don't disclose that, but you know it was. It was certainly not a five percent equity stake that I gave up. You know, it was. It was significant enough for me to, you know, to really have to spend time to think about this and make sure that that I didn't want to fully on the company, a hundred percent in the future. Do you still have majority ownership? Fortunately can not disclose any financial cab cut. It worked out great, and they're awesome partners and m in. We're going to grow the hell out of this thing together, we'll dead. You talk a little bit about founder's syndrome, which is really common. What was that transition like for you was easier to take some time? It was extremely, extremely difficult. And one of the hardest things I've ever done in my life, you know you, you've got somebody going from running literally every single aspect of company to us. I mean, we hired thirteen fourteen people in like a six, seven month period that we didn't have before. So you know it, it was very, very difficult. I think that the the biggest. Thing in my biggest goal with no cow is is making sure that none of the entrepreneurial is that's where is taken out of the company, and we're able to maintain the small company size that we are, whether we're a billion dollar, your company are ten million dollar your company. We're always able to resonate with the consumer in and move at a speed that's fast enough to ultimately give ourselves in vantage against any other company. So yeah, you know, my my biggest goal right now is ensuring that we do operate like a small startup that has a limited budget just because you know that mindset is is what leads to fast growth, not the ten percent compounding year over year growth. You know, we, we wanna grow this thing as fast as possible in alternately, the goal is to put the product in as many people's hands as possible in in hopefully changed the landscape of the dairy free market had a you keep your entrepeneurship drive behind this product and say, okay, streamlined in an efficient way that doesn't kill. You involve you sleeping for three hours in a night, the amount of passion that we have from our employees. Phenomenal. You know what I've learned is that not everybody's gonna be as motivated as I am maybe, but that's all right. You know, we having thirteen or fourteen people together working collaboratively is going to be a lot more efficient than having one person who's super driven doing everything. But is there anything you'd like to be doing personally that you're not doing now? Yeah, you know, I think that right now my life certainly has settled a lot. I have an awesome girlfriend who I've had for ten months on my second. Yes. Second vacation in four years was just a quick little weekend trip, which just felt weird. You know, my heart rate was certainly up the whole time, wondering what I was doing. So yeah, you know, I'm kind of adapting to the real world right now. You know, given I was so young when I started this, I, I didn't have communication really with anybody outside of the business. So, yeah, that's that's a struggle for me. And I kind of to a certain extent wish that. You know, I could be back in the game a little bit and and work, you know, nine day weeks and and and really kind of be so motivated about that that that nothing else in my life matters. You know, other than also obviously my girlfriend who's probably listening to this, but. Yeah. So you know, I hope that answers the question, but, but basically just wanting to be so passionate about something that you're willing to do anything to make sure it happens. Well, Dan, if I ever get a business going off the ground, I'm coming to Denver and I'm gonna convince you to join because I think you would make it. I think you'd make it work and and you'd certainly die trying, which I think is the takeaway here. I'm very impressed and and it was great to talk to you, so thank you. Absolutely. Thanks for. Thanks for having me. This was awesome. That's it for this episode of four hundred thirty. I hope you enjoyed it. If you want to reach out to us with a comment or question, please do so at under thirty. That's the number thirty at podcast, one dot com. Hi,
"general mills" Discussed on AM 970 The Answer
"And post and whatever they tried to go healthy because so many people were looking for healthy breakfast options greek style yogurt protein bars will act didn't work cereal sales in this country have declined eleven percent over the course of the last five years that is really significant so now all these cereal companies are saying okay we tried the healthy stuff that didn't work no one was buying it so now let's bring back all the sugary stuff posts is bringing back ori owes you remember oreos basically cookies cookies for breakfast general mills there reviving or have revived the discontinued artificially colored and flavored tricks cereal after consumers complained about the dull look and different taste of the new all natural ingredients that the company substitute so you remember tricks tricks are for kids you know and so tricks people were buying it when it had all this artificial crap in it and then they switch to natural ingredients still full of sugar by the way and people stop buying it the complaining so now the going back to artificial garbage general mills reported that retail sales of cereal rose two percent in the last quarter a trend that bake attribute largely to peanut butter chocolate cheerios peanut butter chocolate cheerios and regular cheerios is pretty good for you actually but peanut butter chocolate cheerios and lucky charms frosted flakes kellogg has discontinued its lower sugar frosted flakes and come out with instead chocolate and cinnamon varieties so after working for years to remove these synthetic dyes in lucky charms marshmallows general mills has abandoned that goal completely and instead they recently came out with new unicorn shaped marshmallows this is bad news it's bad news that that people that the only way they can get people to buy this is by sticking or all this sugar an artificial flavors and everything in it.
"general mills" Discussed on WGN Radio
"Area code requested karen wolf with their chikane me we are awaiting the arrival of skip skip i believe the jet is being landed on top of the building right now as we speak the cats are rub making their way down michigan avenue we're getting ready for another pop up video that's coming up after the news right now we're talking about food that's been discontinued that we like to to four area code is this is one that is close to my heart space food sticks and you guys see i've definitely don't remember space foods sticks i think they were from general mills they were shaped like slim jim's and they were basically protein bars before protein bars were thing there was a vanilla flavor and a chocolate flavor an space food sticks and they were they were like chocolate slim jim's by they weren't there was no beef or anything involved but they looked like they were shape exactly like slim jobs and they were in aluminum like almost like a foil up packets and astronauts ate them so there are good ball i loved i love a lot of people hate a lotta people that they take they'd tasted chawki but when i was a kid i loved them and it was it was tied in with the space program so it was like oh it's astronaut foods so we love it and it was cool back in late '60s you know would you pretend to be an astronaut i never pretended to be an astronaut but i just love the space food sticks and they said that it pared well we tang which was also i would also an astronaut food they would of the of the astronauts used to drink tank of the space food sticks were great they were they were good i love those things when i was a kid here's mark on wgn mark hey greens cleveland yeah i got a a subset first here of the old dark chocolate coconut bar give a bit tricky river bounty barnish bounty sure yeah they were a lake 'bowled only barrier and they were available very beams but uh at least up make yield let people in america although i give weight they were or maybe still are available internationally a second melbourne themselves head this one slavery lippi cast barca day i think about ten years ago we clothes orangeflavored melds eyepopping were.