Christine: Well, it has been five years, are you done with the integration process? You've compared the integration process to the film "Lost in Translation". As your mentor, what's the most valuable piece of advice he's given you? Tenemos la suerte de que el fundador de Suntory, Shinjiro Torii, estuviera comprometido con la idea de servir a la sociedad, por lo que la sostenibilidad ha estado en nuestro ADN corporativo desde 1899. Sin embargo, cada pas tiene una situacin nica y requiere soluciones particulares, en lugar de un enfoque nico para todos o de todo o nada, en lnea con el principio de los Objetivos de Desarrollo Sostenible de "nadie se queda atrs". So that's the strong direction always, he gives me. Despite facing global economic challenges including a pandemic and a spike in supply chain-related costs, Japanese beverage giant Suntory Holdings -- home to such iconic brands as Maker's Mark and . We met for the first time last year at the New Business Forum Conference that I chaired and agreed to have dinner sometime. "Es difcil capitanear un superpetrolero y ponerlo en la direccin correcta", dice Takeshi ("Tak") Niinami, presidente y consejero delegado de Suntory Holdings, una de las principales empresas de bienes de consumo y bebidas del mundo. Definitely, you can do that. In the US, we don't state the age expressions so much, but something new like East meets West product like Legent, that has innovation. Cul es el papel de las polticas pblicas en cuanto al progreso? Managing Asia is the Asia Pacific region's ground-breaking interview programme featuring CEOs, entrepreneurs and other business leaders. 2,576 executive movements have been recorded in the last 12 months. Anything else out that you want to acquire? Ser una empresa familiar facilita la bsqueda de la sostenibilidad? Mr. Niinami was interesting and gives me hope that our generation is taking over Japan. 2023 CNBC LLC. Tambin estn experimentando un crecimiento, y los consumidores de esos pases, naturalmente, quieren aprovechar los beneficios del desarrollo; muchos de ellos, lo experimentan por primera vez. Nikkei supesharu kanburia kyden (2007)as Himself, Nysu mningu sateraito (2012)as Himself, President, Lawson, Your email address will not be published. Presidents of Puig and Suntory Holdings are the latest members of IESE's IAB. Japanese Prime Minister Fumio Kishida is urging businesses to hike pay and help workers keep up with the higher costs of living. Speakers. But the underlying fact is we respect each other. That's why, three years ago, after giving up hopes for higher pay, the schoolteacher decided to start writing books. What about India? So, both parties were so curious about something they didn't know. El CEO de la empresa de bebidas y alimentos Suntory defiende la necesidad colaborar con los competidores para conseguir economas de escala que permitan reducir los costes de apostar por la sostenibilidad. Meanwhile, we are now asked to reconsider what is the genuine abundance for the people living today. It has to be very vague, ambiguity, we love it! Christine Tan: Niinami-san, thank you so much for talking to me. So, I tried not to be in a hurry and I communicated in depth with Matt Shattock and we tried to gain trust. 1 views 3rd failed drug test on probation how to pronounce knife prezi grubhub campus dining not working is scott mitchell related to micky flanagan is there a ferry from boston to nova scotia what happened between bounty hunter d and patty mayo 3rd failed drug test on Cmo motiva a los empleados para la sostenibilidad? Ahora bien, es algo que debe abordarse y resolverse en aras de lograr un progreso colectivo respecto a los objetivos de sostenibilidad. We have some small business already in China, but more and more, I sense that even younger generations in those countries are shifting towards health consciousness. Sin duda, la Unin Europea ha sido pionera en materia de regulacin a la hora de liderar debates y establecer estndares sobre la direccin de la sostenibilidad. In 1995, he was appointed CEO of Sodex Corporation, a food service joint venture between Mitsubishi and Sodexho, France. > IESE Insight: Ideas basadas en investigaciones, Executive Education - Programas en ingls, Executive Education - Programas en espaol, PADE - Programa de Alta Direccin de Empresas, Transformacin digital - Programa de Alta Direccin, StandOut blog - Inspiracin para tu carrera, Takeshi Niinami: "La armona con las personas y la naturaleza est en nuestro ADN". Prior to joining Suntory in 2014, Tak served as CEO. Tak is also a member of the International Chamber of Commerces Executive Board, the World Economic Forums International Business Council, the Advisory Board of the World Economic Forum Center for the Fourth Industrial Revolution, the Global Board of Advisors of the Council on Foreign Relations, The Business Council in the US and Vice Chairman of Asia Business Council. Christine: But you are working on something? "I feel lucky, as writing and selling books gives me an additional income stream. So, my mission is to look into the future - how to position ourselves to be a different player. And that overcame lot of difficulties because that's a mutual, shared value. But three months later, it was not. As a matter of fact, Suntory culture definitely comes from Japanese culture which thinks more of nature. "In a country where you haven't had nominal wage growth over 30 years, real wages are declining quite rapidly as a result [of inflation]," Stefan Angrick, a Tokyo-based senior economist at Moody's Analytics, told CNN. We wanted Beam management was to cruise the ship, and the Captain himself was Matt Shattock, as a matter of fact, he did a great job. But they wanted to learn from each other. Bezoek ons ook op Facebook. Baijiu is so respected and well-liked by Chinese consumers. eric shanks salary; forever 21 profit margin; Divers. Take it easy." We accomplished the first phase - to be one. His task: to help the company manage the biggest event of its 120-year history - its purchase of the US's Beam Inc, maker of Jim Beam and a host of other spirits, for US$16 billion. So, we have to be very careful to all this to observe what's happening. Country of residence : Unknown. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Niinami: To create more global leaders. Because of the huge pull down of whisky sales, we reduced production for the time being. Tak Niinami is the Chief Executive Officer of Suntory Holdings, one of the worlds leading consumer products companies with operations throughout the Americas, Europe, Asia and Oceania. Por tanto, el CEO debe lograr el equilibrio con sutileza. So, I altered it to the (gesture) parent decides governance issues, then the management - Matt Shattock - you do it. Now India is throwing open its doors to private companies and raising its stellar ambitions. We want to hear from you. La idea de poner en comn los recursos es poderosa porque, al final, todas las partes estn preocupadas por los costes. Quieren sentir que estn contribuyendo a la sociedad. Please view the main text area of the page by skipping the main menu. First of all, we like not to have conflict or even discussion, negotiations, arguments whatsoever. Authorities plan to roll out guidelines for companies by June, said a representative from the Ministry of Health, Labor and Welfare. For one, Japan has long grappled with the opposite of what it's facing now: "For the past 20 years, basically, there has been no change in consumer price inflation," said Mge Adalet McGowan, senior economist for the Japan desk at the OECD. January 23rd, 2022, 5:28 PM PST. So, in my mind, there is a plan to produce products in China. En nuestro caso, establecimos una joint venture entre industrias para desarrollar tecnologas de reciclaje para plsticos usados. Tokyo, Dec. 12 (Jiji Press)--The Japan Association of Corporate Executives, or Keizai Doyukai, decided on Monday to appoint Suntory Holdings Ltd. President Takeshi Niinami as its next chairman. Hay un equilibro delicado entre cooperacin y competencia; ms ahora, que la sostenibilidad se ha convertido en una parte fundamental de la estrategia de la mayora de las empresas. Japan needs "age-45 mandatory retirement, and a system that makes sure individuals aren't dependent on companies," Niinami declared on Sept. 9. Discover short videos related to Takeshi Niinami on TikTok. Though we went through a series of acquisitions, but still we are a Japanese company. But he told everyone - his peers and his management team - that I've got it! What do you want to achieve? How does it feel to be the first chief executive outside the founding family to head the 120-year-old drinks maker? Christine: So, what's next after Legent? We are learning from them. Then, both Matt Shattock and myself started to gain trust with each other. To be praised very highly by every corner of the world, we need more leaders. If not for that, I would've stayed stuck in the same wage loop," Tokiyoshi, now 54, told CNN. Takeshi Niinami. But, you know, I was in a hurry and he saw me so much in a hurry that from his experience, that would cause a lot of problems. I don't want to stay with how things have been operated. How do you want to grow in the US? We have to increase the capacity to be able to supply enough. So they need to have that buffer in order to be able to keep them on the payroll when a crisis hits,", Its seniority-based pay system, where workers are paid based on their rank and, "The biggest issue in Japan's labor market is the stubborn insistence on pay by seniority," Jesper Koll, a prominent Japan strategist and investor, previously. A Division of NBCUniversal. We got to be innovative. Mr. Takeshi Niinami has been the President and Chief Executive Officer of Lawson Inc. since May 2002. All Rights Reserved. If they say "yes" like this (Niinami nods), it doesn't mean yes. I'm not saying that we will be producing beer in other countries, however, because of a beer business which is tough, gives us a lot of learnings from doing business in this country. Tak Niinami is the Chief Executive Officer of Suntory Holdings, one of the world's leading consumer products companies with operations throughout the Americas, Europe, Asia, and Oceania. "They don't want to lay people off. He was appointed President and CEO of Lawson, Inc. in May 2002, and Chairman, Representative Director in May 2014. El CEO tambin debe satisfacer ese anhelo, porque una empresa no puede lograr resultados sin el apoyo y el compromiso de los suyos. At Suntory, Takeshi Niinami has 174 colleagues including Nobutada Saji (Chairman of the Board), Takashi Mikuriya (Director) . An economic advisor to outgoing Prime Minister Yoshihide Suga and CEO of Japan's beverage giant Suntory, Takeshi Niinami is one of Japan's most prominent leaders. So, this governance structure was vague when the integration began. Christine: You think you can take on Baijiu? In a statement, Rengo said it was making the push because workers were making "inferior wages on a global scale," and needed help with rising prices. But I'm sure that will never happen, despite our plans to become a global player with a bigger presence overseas. Christine: When I look at your sales, most of it, about 60 percent still comes from your domestic market. Our products do much more than just quench peoples thirst; our products strengthen the bond between people, deliver joy and move peoples hearts. And still we have some contacts here on the individual basis probably because we were very close to. Takeshi Niinami, Self: Managing Asia. Japn necesita aprovechar su tecnologa e influencia para comunicarse con todos los pases asiticos e impulsar el cambio en el continente con premura. Niinami: I mean Suntory and Beam, there was a huge, huge issue which was governance - how to govern. On Sept. 9, he was arguing that Japan needed to rid itself of its lifelong employment and service time-based salary models, and used mandatory retirement at age 45 as a concrete example of how to do this. January 4, 2022 - WHILL, Inc. (WHILL) today announced the appointment of Takeshi Niinami, President and Representative Director of Suntory Holdings Limited, as an external board member; Megan Frost, Director of Product Design for iCloud, Maps, and Education at Apple . Here in Japan, where do you see Suntory in the next 3, 5, 10 years? The colleagues of Takeshi Niinami. Takeshi Niinami, chief executive officer at Suntory Holdings, discusses raising wages in Japan by 6%, why some corporations are not on board with the hike and the . No podemos traspasarlos fcilmente al consumidor, que no siempre se mueve por el medioambiente, lamentablemente. Christine: That goes very well in the US market? All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC2018and/or its affiliates. Member of International Business Council. Christine: Any plans to revisit the merger with Kirin? *Monozukuri Japanese term for craftsmanship. Tambin estamos invirtiendo en ese tipo de tecnologas. For more information, visit www.cnbc.com. Celebrities Takeshi Niinami Net Worth Takeshi Niinami Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography Ours is one hundred years. So, we have to be more innovative to offer something new to the market. Niinami: That's right. Niinami: Yes, no alcohol and less alcohol content. Not at all. These skill sets can be transported to China or Southeast Asia. By 2030, our sales target is US$40 billion dollars and 60 percent of sales will come from overseas. Despite facing global economic challenges including a pandemic and a spike in supply chain-related costs, Japanese beverage giant Suntory Holdings -- . But it wasn't after three months, he found. The East-West Center's Board of Governors has elected two new international members: Indian business leader Ratan N. Tata, who is returning to the board after serving several terms between 1993 and 2004, and first-time EWC board member Takeshi Niinami, CEO of Japan's Lawson, Inc. EWC Board of Governors Chairman Brian Tsujimura and the other board **OMOROI intriguing everyone by achieving the impossible with extraordinary dedication, and at the same time being joyful, bold and brilliant. Copyright THE MAINICHI NEWSPAPERS. With domestic beer sales slowing down. February 15th, 2023, 7:13 PM PST. Niinami: Yes, I'm sure. Because. Are you making any headway growing this segment overseas? That's right. October 2012. The head of Suntory Holdings Ltd, Takeshi Niinami, said on Tuesday he expected the next governor of the Bank of Japan (BOJ) to show a clear policy roadmap, including criteria for ending its practice of controlling both long- and short-term interest rates. That happened almost 15 years ago. Tak Niinami is Chief Executive Officer, Suntory Holdings Limited since October 2014. Takeshi Niinami, President and CEO of Suntory Holdings, addresses the session 'Japan's Future Economy' during the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 23 . All rights reserved. Now, as workplaces reopen, Suntory executives say it could be the key to effective hybrid working for the 40,000-strong global workforce. Morningstar: Copyright2018Morningstar, Inc. All Rights Reserved. The annual negotiations kick off this month. Barcelona, April 25, 2018. CEO Takeshi Niinami is weighing a 6% raise for its Japanese workforce of approximately 7,000 people, according to a spokesperson, adding that it was subject to negotiation with a union. El dinero por s solo no motiva a los mejores. Niinami, 63, will succeed current Chairman Kengo Sakurada, 66, also chairman of insurance group Sompo Holdings Inc. <8630>. CNBC.com is the preeminent financial news source on the web, featuring an unprecedented amount of video, real-time market analysis, web-exclusive live video and analytical financial tools. But because Beam was listed - they only thought about a quarterly based profits and sales - we care about that, but we have a long-term vision based on the principle. October 1st,under the new management of Nobutada Saji,Chairman of the Board,and Takeshi Niinami,President of Suntory Holdings,the Suntory Group takes a powerful step forward toward the achievement of dynamic and global growth. I didn't mean that people should just be fired.". The interview will play out in CNBC's latest episode of Managing Asia on 20 December . Christine: You recently launched a new bourbon Legent which is really your baby because that's right out of your efforts to integrate the beam acquisition and it's actually a symbol of combining the eastern western techniques of distilling. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. If you choose to use anything, please attribute to CNBC and Christine Tan. Niinami: Yes, we have a long-term vision and plan. Communications Manager APAC, CNBC InternationalD: +65 6326 1123M: +65 9852 8630clarence.chen@cnbc.com. Christine: So, you eye-ing the Chinese market, but at the same time, you recently made comments that you're going to put your investment on hold in China because of the U.S. China trade war. Japan's core consumer prices rose 4% that month, a 41-year high. But at this moment our presence is very small. Experts say Japan's wages have also suffered because it lags in another metric: its productivity rate. Christine: Suntory's also Japan's third largest beer brewer. That's why Lawson has been very successful competing with its arch rival 7-11. Niinami: First of all, Beam thought that they would lead everything because they are global, whereas Suntory was trying to be global. Niinami: The reason is because Soju which is local spirits which emerged all of a sudden when we were doing fine to sell Suntory whisky. But how we can win creates how we can win the games in other countries. We are branding more and more those big brands which were sleeping like Bakers, Basil Hayden, Knob Creek, they have wonderful brands but are underutilized. But how to compromise or to take the good parts? Data is a real-time snapshot *Data is delayed at least 15 minutes. Christine: You're 60 years old, you graduated from Harvard, you've been described as internationally minded, one of the most internationally minded executives here in Japan with close ties to Prime Minister Shinzo Abe. I did. Search instead in Creative? Takeshi Niinami is known for Managing Asia (1997). So, I created the Suntory University for both parties to gather, to talk, based on the founding spirits. Prior to joining Suntory in 2014, Tak served as CEO of Lawson, Inc., which he grew into one of Asia's major convenience store operators, posting profit growth for 12 consecutive years and quadrupling . Takeshi Niinami. Niinami: No, I don't think so. Reuters. Para las pymes, hablar de reducir las emisiones es un lujo que pocas pueden permitirse. Ahora es precisamente el momento de seguir el lema de nuestro fundador, el yatte minahare: soar a lo grande, afrontar los desafos y caminar con audacia hacia una sociedad con armona entre las personas y la naturaleza, donde el crecimiento social y econmico coexista con la sostenibilidad del entorno natural. Christine: It's a big opportunity for you? Hong Kong/Tokyo (CNN)Hideya Tokiyoshi started his career as an English teacher in Tokyo about 30 years ago. Christine: Over the last few years, you've expanded and acquired an array of products to include a larger variety of nonalcoholic drinks like Orangina, Ribena and Lucozade. The untold truth of Robert Griffin III's ex-wife R Demetria Obilor's Wiki: leaving WFAA, husband, age What happened to Jasmine Guy? Fried chicken and rice pizzas: How inflation is changing menus in Asia, This giant economy wants its workers to get inflation-busting pay rises, Japan's job-for-life culture has survived war, earthquakes and now a pandemic, The owner of Uniqlo is boosting pay for Japan employees by up to 40% as inflation bites. Now, 60 percent comes from domestic (market) and we will grow in Japan, too. Legacies are different, histories are different, so let's work together. It's good, but we need more leaders - understanding the values of diversity. Por esa razn, las empresas quiz tengan que asociarse cada vez ms, incluso con sus propios competidores, para lograr economas de escala. In 2014, he became the first president of Suntory from outside the founding family, as requested by the company. En el clima sociopoltico actual, las empresas que no se estn ganando la confianza de sus grupos de inters corren el riesgo de perder rpidamente su licencia social para operar. Today, Suntorys businesses are expanding globally to enrich and inspire the brilliance of life of all types of consumers and customers. How would you describe your leadership and your management style? And we have the technology of offering the non-alcoholic beer. Christine: What was the learning ropes like? Niinami: Let's say a decade or so, I assume 5 to 7 percent growth still in the U.S. because the U.S. market accepts innovation. Often the case, a Japanese company is not good at managing cash. For example, U.S. CEO came to our Board and asked for their budget and some implementations based on their strategy. The country's output, measured by how much workers add to a country's GDP per hour, is lower than the OECD average, and "probably the biggest reason" for flat wages, according to Yamaguchi. Christine So, you would say that was a huge success? Until now, consumers wouldn't have taken a hit to their wallets or felt the need to demand better pay, she added. What new spirits can come out of the Beam Suntory relationship? Sunday 01:00, 03:00, 06:00, 09:00, 16:00, 18:00, 20:00. 20 de diciembre de 2021. So, my mission is always to respond to future changes. Creemos que es importante que todos los trabajadores de la empresa comprendan el espritu fundador de Suntory. Christine: The Beam acquisition gave Suntory a bigger presence outside of Japan, where growth has been sluggish. Niinami, an influential leader who is expected to become the next chairman of business lobby Keizai Doyukai in April, also said he wanted to . India is one of only a handful of nations that have sent probes to the moon and Mars. But the most impressive part of its space program is its cost-effectiveness. Christine: Was there a lot of unhappiness involved? You appointed president and CEO in October 2014. Showing Editorial results for takeshi niinami. But that series of misunderstanding happened. We need good quality water and really good people to brew a premium beer. Takeshi Niinami, presidente y CEO de Suntory Holdings, as como Miembro del International Advisory Board (IAB) del IESE. but read it like that, "Take it easy, but in a hurry" (laughs) like that, yes. What sort of progress do you hope to make in this area? Niinami: I assume that the first -- both parties in manufacturing processes. We at Yamazaki, Hakushu - they didn't know anything about the Kentucky bourbon, which means bourbon. Disclaimer. Mr. Niinami served as the President of Sodex Corporation since June 1995. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. I was just like this (gesture). Christine: So, how long do you think it'll take to resolve these supply issues? Una empresa puede negarse a trabajar con los proveedores que no cumplan con todos los objetivos ambientales, o puede adoptar un enfoque ms integrador, que es lo que solemos hacer, trabajando junto con ellos para acompaarlos en lugar de excluirlos. Niinami will take office at an ordinary general meeting of Keizai Doyukai in April 2023 after the appointment is approved by senior members of the major business lobby as early as this week. Todas quieren que las vean como sostenibles, y nadie desea que sus competidores lo superen en cuanto a iniciativas de sostenibilidad; especialmente, cuando estn compitiendo por ganarse la confianza del consumidor. The capacity to be very careful to all this to observe what 's happening it was n't after three,. Of acquisitions, but still we have a long-term vision and plan workers keep up the! 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