Former P&G CEO to help lead $1B tech firm with major Cincinnati operation (Cincinnati Business Courier)

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From CPG to Silicon Valley…Bob McDonald, former CEO of P&G, joins the board of digital experience provider: Quotient Technology, Inc. Read on to learn why he feels bullish about their digital solutions.

Former Procter & Gamble Co. CEO Bob McDonald has been appointed to the board of Quotient Technology Inc., a $1 billion Silicon Valley tech firm that works closely with P&G and has more than 200 employees in Cincinnati.

McDonald, 65, an Indian Hill resident who was chief executive of the Cincinnati-based maker of consumer goods such as Tide detergent (NYSE: PG) from 2009 until he retired from P&G in May 2013, is expected to provide Quotient with insights on the consumer-packaged goods and retail industries.

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Changing Tastes: How Nestlé Stays on Top of Consumer Trends (Mack Institute for Innovation Management)

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Innovation is hyper critical to success in the fast-paced world of consumer goods. Find out how Nestle overcomes the challenges of a large organization by creating their own “startups” to spur innovation and drastically reduce time-to-market.

For large firms, which often have different divisions with their own agendas, it can be difficult to innovate effectively and keep the company moving in a unified direction. In this episode of Mastering Innovation on SiriusXM Channel 132, Business Radio Powered by The Wharton School, Rui Barbas, Chief Strategy Officer at Nestlé USA, describes how the food and beverage giant addresses this challenge through what he calls a hybrid growth model.

To stay ahead of changing consumer tastes, Nestlé’s growth model focuses on two goals: optimizing the products and resources that they have currently, while at the same time investing in new ventures and acquisitions that allow for new revenue streams and capabilities. While external innovation used to be stigmatized within the industry, it’s now become a valuable strategy for Nestlé. Barbas discusses the rapidly changing landscape of the food industry, as well as the challenge of achieving a balance between nutrition, taste, and profitability.

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A new class of wellness beverages is trying to change how we think about beauty (Glossy)

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Beauty from a can?  Wellness beverage companies are currently targeting consumers interested in cultivating beauty from the inside-out.  We haven’t cracked one yet, but we’re willing to give it a try (it sounds a lot easier than going to the gym).

Much in the way that fashion has gone through upheavals and paradigm shifts in the past decade — like Lululemon bringing athleisure to the masses or how the luxury market is now enamored with casual streetwear — so is beauty, increasingly blending into wellness and vice versa.

Wellness is not a vertical product category — as it stands, it can pervade almost every aspects of a person’s life. There’s workplace wellness, wellness apps, wellness festivals and wellness retreats from SoulCycle and wellness hotels from Equinox. In fact,  beauty, personal care, and anti-aging products within the wellness sector grew over 4 percent to nearly $1.1 billion in 2017, according to the Global Wellness Institute; the beauty supplements category, specifically, is expected to rise to $6.8 billion globally by 2024, up from $3.5 billion in 2016, according to Statista.

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