That means they're often very cautious about raising wages in good times so that they have the means to protect their workers when times are tough. As an OMOROI** corporate group, we will create new value with the founding spirit of Yatte Minahare and Giving back to society in our hearts, and uniquely continue innovating and taking on new challenges to inspires the brilliance of life. All rights reserved. We worked it together. So, I tried to instill the founder's spirit as a corporate principle. Christine: The founder's grandson, Nobutada Saji now sits as chairman. Niinami: I assume that the first -- both parties in manufacturing processes. 2,576 executive movements have been recorded in the last 12 months. ", When asked at a Sept. 10 press conference about what he meant, Niinami said, "45 years old is a turning point, and it's important for people to rethink their lives then. Bezoek ons ook op Facebook. Select from premium Suntory Holdings President And Ceo Takeshi Niinami Interview of the highest quality. Now India is throwing open its doors to private companies and raising its stellar ambitions. Takeshi Niinami. Mr. Niinami started his career in 1981 at Mitsubishi Corporation. Christine: So, if you can't take your beer overseas, does it still make sense to stay in the brewery business? But the fact is we can't display enough. Takeshi Niinami is known for Managing Asia (1997). What do we have to do is we have to increase the gross margins, which is called premiumization. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Niinami: No. That's their mission. 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. but read it like that, "Take it easy, but in a hurry" (laughs) like that, yes. Got a confidential news tip? The term refers to a period of high inflation and stagnant economic growth. For example, U.S. CEO came to our Board and asked for their budget and some implementations based on their strategy. Christine: Well, he was the one that made the $16 billion integration (That's right) of Beam anyway. Now, as prices rise after decades of deflation,the world's third largest economy is being forced to reckon with the major problem of falling living standards, and companies are facing intense political pressure to pay more. 2014 to. Outside of Suntory, Tak is a member of the Council on Social Security Reform for All Generations and has served on the Council on Economic and Fiscal Policy as senior economic advisor to the Prime Minister since 2014. Hong Kong/Tokyo (CNN)Hideya Tokiyoshi started his career as an English teacher in Tokyo about 30 years ago. January 23rd, 2022, 5:28 PM PST. There was the conflict between how to manage the entire fleet of Suntory's spirits business. First of all, I found the value of a private company, family owned - (the) good and bad and how hard for a Japanese company to be really global because there's a huge difference in culture, and how we have to fit ourselves into the global context. What was the learning curve for you? I was just like this (gesture). Managing Asia is the Asia Pacific region's ground-breaking interview programme featuring CEOs, entrepreneurs and other business leaders. Chairman, Committee on Americas-Japan Relations. So, we are one team. of Lawson, Inc. 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. Chairman, Committee to Support Tokyo 2020 Olympic and Paralympic Bid, as a representative of the business community. But how to compromise or to take the good parts? Takeshi Niinami, presidente y CEO de Suntory Holdings, as como Miembro del International Advisory Board (IAB) del IESE. Niinami: That's right. But I would say five years from now, we will think about producing products like nutritional products and probably more soft drink or less alcohol content product in China. I'm so confident about that. So, within five years' time, the dollar gross margin will pick up at least 5 percentage. He worked for trading house Mitsubishi Corp. <8058> before becoming president of convenience store chain Lawson Inc. <2651> in 2002 at age 43. Aqu, Niinami habla sobre su idea de servir y la importancia de asociarse para ser sostenible y rentable. Until now, consumers wouldn't have taken a hit to their wallets or felt the need to demand better pay, she added. "Generally, wages and productivity growth go hand-in-hand together," McGowan said. TOKYO -- People should have to retire at age 45 from their company as part of post coronavirus pandemic economic recovery plans, Japanese beverage giant Suntory Holdings Ltd. CEO Takeshi Niinami stated recently, sparking a swift and furious social media reaction. Age : 63. 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. Our Solutions. Son Gncelleme : 26 ubat 2023 - 6:36. And I asked, which part? 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. So, we have to be more innovative to offer something new to the market. Trustee 20 de diciembre de 2021. But it also led the company with a huge pile of debt. Now, the prime minister wants to take another step further, with plans to create a more formalized system. Gracias a que tenemos una gran cartera, podemos lograr un equilibrar entre lo malo y lo bueno. Tambin estamos invirtiendo en ese tipo de tecnologas. "Many firms look at what other firms do.". Suntory was very much domestic minded. COVID-19 brought about drastic change to our lifestyles, including the way we work and communicate with each other. - March 2013. Takeshi Niinami: Representative Director, Executive Vice President, COO: Nobuhiro Torii: Division COO, MBC Laboratory / CSR Department Suntory Spirits Limited, Representative Director, President & CEO: Director, Executive Vice President: Shinichiro Hizuka: Corporate Planning Division / But mostly, how we can leverage incumbent and the current product lines. So, he was so disappointed. What do you like as a boss? We discussed this so seriously. Ahora bien, es algo que debe abordarse y resolverse en aras de lograr un progreso colectivo respecto a los objetivos de sostenibilidad. Meanwhile, we are now asked to reconsider what is the genuine abundance for the people living today. The reason is that we have already brands to develop and we have still markets to develop, such as India, other countries like Vietnam, Thailand, Thailand. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. We need good quality water and really good people to brew a premium beer. Context Below is the transcript of a CNBC exclusive interview with Suntory Holdings President and CEO, Takeshi Niinami. 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". Niinami: Yes, I'm sure. Niinami: I mean Suntory and Beam, there was a huge, huge issue which was governance - how to govern. India is one of only a handful of nations that have sent probes to the moon and Mars. Niinami: To create more global leaders. Christine: As part of the integration process, you decided to combine the distillery skills of both companies, but you know, these two companies have their own unique way of making whiskies. I visited Chicago in the US so often, I didn't stay in the office, "Tak, you're not only working on the integration of Beam, you're CEO of Suntory Holdings (laughs), you have to take care of other business here." At Kentucky Distillery, they didn't know anything about Japanese whisky. They had more than two hundred years. Take it easy." These skill sets can be transported to China or Southeast Asia. But the most impressive part of its space program is its cost-effectiveness. Ser una empresa familiar facilita la bsqueda de la sostenibilidad? Christine: What will your expansion plans look like in the next few years? Cuando decimos que tenemos un deber para con nuestros grupos de inters, eso incluye a los accionistas. In China, Baijiu is a still big giant. Para las pymes, hablar de reducir las emisiones es un lujo que pocas pueden permitirse. That was a success factor for us to see products which were launched by the collaboration of the two parties. For Takeshi Niinami, a $16 billion business deal shared similarities with the 2003 hit movie. We increase the increase to the operation capability. Suntory, one of Japan's biggest beverage makers, may be one of them. Niinami: That's right. Christine: And Chairman Saji is on board with your idea? Tak Niinami is Chief Executive Officer, Suntory Holdings Limited since October 2014. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC2018and/or its affiliates. Data is a real-time snapshot *Data is delayed at least 15 minutes. How much more can you extract growth from the U.S. market? We ate at Okame, one of my favorite little Tempura shops in Tsukiji. Niinami is also a private sector member of the government's Council on Economic and Fiscal Policy. So, ambiguity and clarity, does not make productivity. Christine: Well, it has been five years, are you done with the integration process? I would say western standard and Japanese standard are very different. Those unique products, that's what do we have to do? Here in Japan, where do you see Suntory in the next 3, 5, 10 years? Instead, we just seek only, you know, market share and top line. February 15, 2023, 10:11 PM. Para ser una empresa global, debes tener muy definido quin eres. Last month, Kishida warned the economy was at stake, saying Japan risked falling into stagflation if wage rises continued to fall behind price increases. Raising wages by 3% or more a year was already a core goal of Kishida's administration. All rights reserved. Christine: And finally, you spent the last five years as CEO of Suntory Holdings. He is also Vice Chair of the Board of Councilors of Keidanren Japan Business Foundation, and Vice Chairman of the Japan Association of Corporate Executives. Disclaimer. Legacies are different, histories are different, so let's work together. And I want to leave the legacy that Suntory is the right company to create good global leadership. We have to increase the capacity to be able to supply enough. 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. Because we think more of the culture of ambiguity, whereas Beam culture is clarity. 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 . Communications Manager APAC, CNBC InternationalD: +65 6326 1123M: +65 9852 8630clarence.chen@cnbc.com. Tak received his MBA from Harvard Business School. A menudo, la solucin requiere invertir en nuevas tecnologas, y eso es caro. Takeshi Niinami, chief executive officer of Suntory Holdings Ltd., during a Bloomberg Television interview on the closing day of the World Economic 2 Lawson reviews. All rights reserved. Then, both Matt Shattock and myself started to gain trust with each other. Niinami, 63, will succeed current Chairman Kengo Sakurada, 66, also chairman of insurance group Sompo Holdings Inc. <8630>. He thought he got that fully agreed. Niinami sought to demonstrate that the measure would spur workers to move into growth industries and rejuvenate corporate organizational structure. 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. I'm sure he was in a hurry (laughs) -- there was a huge amount of cash and all debt. Es la manera de ayudarles a sentir en carne propia y entender la idea de sostenibilidad de Suntory. Experts have pointed to a series of reasons for the stagnant wages. Christine: So, what's next after Legent? Founded as a family-owned business in 1899 in Osaka, Japan, Suntory Group has grown into a global company operating throughout the Americas, Europe, Africa, Asia, and Oceania with annual revenue (excluding excise taxes) of $19.8 billion in 2021. You've had to sell off Suntory's hamburger and sandwich franchise (Right) as well as Beam's sherry and brandy business. 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. Cmo motiva a los empleados para la sostenibilidad? The interview will play out in CNBC's latest episode of Managing Asia on 20 December . Often the case, a Japanese company is not good at managing cash. Christine: The Beam deal gave Suntory also access to the very profitable U.S. spirits market. 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. But as inflation rises, people are likely to start making "strong" complaints about the lack of raises, predicted Shintaro Yamaguchi, an economics professor at the University of Tokyo. La sostenibilidad es cara. Clarity versus ambiguity: how to put them together to understand each other. Japan's core consumer prices rose 4% that month, a 41-year high. Despite reservations expressed by some members, Takeshi Niinami, president of Suntory Holdings Ltd., is expected to become the next chairman of Keizai Doyukai (Japan Association of Corporate . Hideya Tokiyoshi, a teacher in Japan, told CNN he had barely seen his salary go up over the last 30 years. He rowed back on the comment somewhat the following day, saying, "It might have been clumsy of me to use the term 'retirement age.'". 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. Como tal, creo que debe planificarse la transicin de manera gradual, con ms tiempo para convencer a los consumidores de esos pases. In 2014, he became the first president of Suntory from outside the founding family, as requested by the company. The annual negotiations kick off this month. El dinero por s solo no motiva a los mejores. Adems, los alentamos a participar en las iniciativas de sostenibilidad de Suntory, como ir a bosques para experimentar los programas de restauracin de cuencas hidrogrficas. Prior to joining Suntory in 2014, Tak served as CEO 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. Niinami: Yes, we are so much aligned for that. En nuestro caso, establecimos una joint venture entre industrias para desarrollar tecnologas de reciclaje para plsticos usados. 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. Christine: As a parent company, do you think Beam has now accepted the fact that the Japanese Suntory is now in charge? And then, I joined the integration program and I told everybody from both parties, there must be big differences between the two companies in terms of culture. Christine: So, you can close the gap with your bigger rival? Browse 297 takeshi niinami stock photos and images available or start a new search to explore more stock photos and images. Takeshi Niinami, Chief Executive Officer, Suntory Holdings . Cierta presin de los accionistas es buena para asegurar el rendimiento financiero, pero la verdadera rentabilidad proviene de encontrar soluciones a las necesidades de las partes interesadas. February 15th, 2023, 7:13 PM PST. We at Yamazaki, Hakushu - they didn't know anything about the Kentucky bourbon, which means bourbon. Niinami: No, I don't think so. Christine: Any plans to revisit the merger with Kirin? **OMOROI intriguing everyone by achieving the impossible with extraordinary dedication, and at the same time being joyful, bold and brilliant. Esta entrevista se publica en IESE Business School Insight 160. My assumption was they only want to produce all this good quality, good quality for our consumer. In 2021, nearly 40% of Japan's total workforce was employed part-time or worked irregular hours, up from roughly 20% in 1990, according to McGowan. That's why Lawson has been very successful competing with its arch rival 7-11. The page may not be displayed properly if the JavaScript is deactivated on your browser. The shape of Japan's workforce is shifting, with more people working part-time. What sort of progress do you hope to make in this area? Had dinner last night with Takeshi Niinami. Takeshi Niinami, CEO of Suntory Holdings, gestures as he answers questions during a press conference in Tokyo on July 1, 2014.Ed Sheeran was forced to defend himself to mean internet trolls who called him "fat" and "chunky".PUBLISHED ON 12/23/2019 The . Mercantile Association: Certain market data is the right company to create good global leadership a was... 15 minutes you ca n't take your beer overseas, does it make. La sostenibilidad biggest beverage makers, may be one of my favorite little Tempura shops in Tsukiji 41-year high into. Economic growth group Sompo Holdings Inc. < 8630 > dedication, and at the time! Tiempo para convencer a los objetivos de sostenibilidad current chairman Kengo Sakurada 66! 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