The consumer products sector is in the midst of dramatic change. Manufacturers are reconfiguring through mergers and spinoffs. Retailers undergo consolidation and pricing pressure as ecommerce takes a growing share of wallet.
Most CEOs and boards name succession, both for the CEO and for business unit leaders, as their biggest strategic challenge. While this leadership challenge exists for every industry, it is particularly acute in the consumer sector, where many of the successive waves of disruption first hit.
If you’ve purchased a premium cotton shirt from the likes of Ralph Lauren, Hugo Boss, Tommy Hilfiger or one of many other well-known designers, chances are it was manufactured by the Hong Kong-based Esquel Group.
As digitization sweeps across China’s economy and transforms consumers’ expectations and behavior, companies in every sector are scrambling to keep up. They must reimagine customer experiences, win at e-commerce, and harness digital technology to reshape their operations and organizations.
At our recent TechBunker dinner, we met with leaders from the biggest UK marketplaces and aggregators (Airbnb, Amazon, Bookatable, easyfundraising, eBay, Farfetch, MoneySuperMarket, Rightmove, Uber and Worldpay) to talk about how to effectively scale a pure play business.
Egon Zehnder was privileged to be part of the 60th annual Consumer Goods Forum global summit on 15-17 June 2016. Held in Cape Town, South Africa, the summit provided a window onto the energy and opportunity of Africa— the world’s youngest continent and one of the fastest-growing consumer markets.
In contrast to the “merchant princes” who built the great retail businesses of the last century, the next-generation CEO will need to be a more skilled team builder who can create a culture of motivated collaboration.
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