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. Copyright THE MAINICHI NEWSPAPERS. Cmo motiva a los empleados para la sostenibilidad? As the first chief executive outside the founding family, what impact do you want to make as you continue to grow the company? That's why Lawson has been very successful competing with its arch rival 7-11. Speakers. Suntory, one of Japan's biggest beverage makers, may be one of them. Niinami: Yes, I'm sure. What about India? Legacies are different, histories are different, so let's work together. Christine: To premiumize your products would suddenly be a good way to improve your operating margins which have been low, much lower compared to your two bigger rivals, Pernot Ricard and Diageo. Christine: You have 11 years to achieve that. 2,576 executive movements have been recorded in the last 12 months. That was a success factor for us to see products which were launched by the collaboration of the two parties. 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 . Meanwhile, the country's largest labor group, the Japanese Trade Union Confederation or Rengo, is now demanding wage increases of 5% at this year's talks with the management of various companies. Japn necesita aprovechar su tecnologa e influencia para comunicarse con todos los pases asiticos e impulsar el cambio en el continente con premura. 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. (laughs) because I know he is always in a hurry to make things happen. January 23rd, 2022, 5:28 PM PST. Tak received his MBA from Harvard Business School. This says, "Don't be in a hurry, take it easy." If you choose to use anything, please attribute to CNBC and Christine Tan. Niinami: There is still a growing need for a premium beer in this country. of Lawson, Inc. Takeshi Niinami. Are you making any headway growing this segment overseas? But three months later, it was not. Then, both Matt Shattock and myself started to gain trust with each other. We discussed this so seriously. Niinami: At this moment, there is no plan yet. Prior to joining Suntory in 2014, Tak served as CEO Cuando decimos que tenemos un deber para con nuestros grupos de inters, eso incluye a los accionistas. So, we have to be very careful to all this to observe what's happening. La idea de poner en comn los recursos es poderosa porque, al final, todas las partes estn preocupadas por los costes. Cuanto ms colaboramos entre industrias y nos asociamos con competidores globales, ms podemos acelerar la So, I was so impressed by Gary Saji and that made me decide to join Suntory Holdings. Discover short videos related to Takeshi Niinami on TikTok. These skill sets can be transported to China or Southeast Asia. "As the share of these non-regular workers has gone up, of course the average wages also stay low, because they make less," she said. Lo que podemos hacer, como somos una gran compaa con recursos, es brindar apoyo a nuestros proveedores ms pequeos. Ser una empresa familiar facilita la bsqueda de la sostenibilidad? The economy and markets are "under surveillance". 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. So, considering those factors, it's a huge challenge to go overseas. Niinami: Right. Ours is one hundred years. El dinero por s solo no motiva a los mejores. But how to compromise or to take the good parts? 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 . Below is the transcript of a CNBC exclusive interview with Suntory Holdings President and CEO, Takeshi Niinami. And still we have some contacts here on the individual basis probably because we were very close to. But the underlying fact is we respect each other. Christine: And how do you do that, by cutting costs? Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. He was the Unit Manager of Lawson Business and dining logistical planning team, consumer industry division of Mitsubishi Corporation since April 2001. Niinami: Yes, we are so much aligned for that. 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. Niinami: That's right. ;-p It was worth it though. However, we are always cautious because all this consumer trend changes. I like that kind of company to be global. He rowed back on the comment somewhat the following day, saying, "It might have been clumsy of me to use the term 'retirement age.'". Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Gracias a que tenemos una gran cartera, podemos lograr un equilibrar entre lo malo y lo bueno. A Division of NBCUniversal. You've had to sell off Suntory's hamburger and sandwich franchise (Right) as well as Beam's sherry and brandy business. 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. "When there's productivity growth, firms perform better and [when] they do better, they can offer higher wages.". Entiendo la difcil situacin en la que se encuentran, pero la pandemia tambin plante problemas nuevos e importantes, lo que nos obliga a reconsiderar lo que realmente significa la abundancia para las personas hoy en da. Disclaimer. Christine: So, you're going after the non-alcoholic segment in China? Our sales are fantastic. The interview will play out in CNBC's latest episode of Managing Asia on 20 December . So, fighting in Japan and winning the game means a lot for us, because as you said, this is a really headwind market. 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 . Bezoek ons ook op Facebook. Es la manera de ayudarles a sentir en carne propia y entender la idea de sostenibilidad de Suntory. So, we are one team. Suntory Holdings Ltd. President Takeshi Niinami (Mainichi/Emi Naito) TOKYO -- People should have to retire at age 45 from their company as part of post coronavirus pandemic economic recovery plans . La pandemia impuso enormes restricciones financieras a algunos de nuestros proveedores ms pequeos, y, para ellos, la prioridad es sobrevivir. Takeshi Niinami, Chief Executive Officer, Suntory Holdings . Facts about Businessman Takeshi Niinami - age: 64, height, Salary, famous birthday, birthplace, horoscope, fanpage, before fame and family, all about Takeshi Niinami's personal life, and more. We increased the gross margin rate tremendously by learning from Beam Suntory. 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. Takeshi Niinami. What about the Bangladesh? Niinami: I assume that the first -- both parties in manufacturing processes. By 2030, our sales target is US$40 billion dollars and 60 percent of sales will come from overseas. 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. 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 its market capitalization during his tenure. Trustee 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 I didn't mean that people should just be fired.". Cmo de fcil es tener esa conversacin con la competencia? Niinami: Oh, good question. He discusses the election of . But 60 percent will come from overseas. Christine: Niinami-san, these days, there is a scarcity of good Japanese whisky in the market. Clarity versus ambiguity: how to put them together to understand each other. Often the case, a Japanese company is not good at managing cash. Esta entrevista se publica en IESE Business School Insight 160. CNBC is a division of NBCUniversal. "Many firms look at what other firms do.". The colleagues of Takeshi Niinami. It took us 5 months to have dinner. Suntory Group aims to create a society full of Brilliance of life. With our mission To create harmony with people and nature, Suntory contributes to creating a rich and prosperous lifestyle by providing products and services of the highest quality, and aspires to create a sustainable society while always being mindful of social diversity as well as coexisting with the beautiful global environment. As your mentor, what's the most valuable piece of advice he's given you? And they rendezvoused to study each other with a huge respect to each other. While inflation was a factor, the company wanted to align "with global standards, to be able to increase our competitiveness," a Fast Retailing spokesperson. Aqu, Niinami habla sobre su idea de servir y la importancia de asociarse para ser sostenible y rentable. but read it like that, "Take it easy, but in a hurry" (laughs) like that, yes. "Nuestra filosofa es simple: servir a la sociedad garantiza nuestra licencia social para operar". Global Business and Financial News, Stock Quotes, and Market Data and Analysis. All Rights Reserved. Gary Saji talked to me, "Tak, take a look at this. Christine: Let's talk more about that, because one of the things you had to do as CEO Suntory was to integrate the US$16 billion acquisition of U.S. spirits maker Beam in 2014. 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. 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. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Para las pymes, hablar de reducir las emisiones es un lujo que pocas pueden permitirse. Had dinner last night with Takeshi Niinami. I mean, we really respect Kirin. In the past Mr. Niinami occupied the position of Chairman of Lawson, Inc. Chairman of Ninety-nine Plus, Inc. and Chairman of Lawson Entermedia, Inc. (both are subsidiaries of Lawson, Inc.), Unit Manager-Lawson & Dining Operations at Mitsubishi Corp. and President at LEOC Co., Ltd. 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