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. Mr. Niinami assumed the post of Advisor . Menu. In 1995, he was appointed CEO of Sodex Corporation, a food service joint venture between Mitsubishi and Sodexho, France. The economy and markets are "under surveillance". I'm sure he was in a hurry (laughs) -- there was a huge amount of cash and all debt. Niinami: There is still a growing need for a premium beer in this country. 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. "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 accomplished the first phase - to be one. Search instead in Creative? 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. 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. El dinero por s solo no motiva a los mejores. And I thought, sure, even though we had a very different history. Prior to joining Suntory in 2014, Tak served as CEO. Christine: But what is behind this whisky shortage? Japanese Prime Minister Fumio Kishida is urging businesses to hike pay and help workers keep up with the higher costs of living. Because of the huge pull down of whisky sales, we reduced production for the time being. He rowed back on the comment somewhat the following day, saying, "It might have been clumsy of me to use the term 'retirement age.'". Christine: So, if you can't take your beer overseas, does it still make sense to stay in the brewery business? The page may not be displayed properly if the JavaScript is deactivated on your browser. What was the learning curve for you? So, Beam thought they had the mandate to manage the entire spirits business, whereas we thought that we are the parent, we want to manage the entire business, not the Beam management. Get this delivered to your inbox, and more info about our products and services. Gracias a que tenemos una gran cartera, podemos lograr un equilibrar entre lo malo y lo bueno. How to say Takeshi Niinami in English? Often the case, a Japanese company is not good at managing cash. Niinami: I mean Suntory and Beam, there was a huge, huge issue which was governance - how to govern. Mr. Niinami started his career in 1981 at Mitsubishi Corporation. Because we think more of the culture of ambiguity, whereas Beam culture is clarity. Watch popular content from the following creators: (@acid5trip), paastawater(@paastawater), RetroFutgol(@futgolsummer), (@fier6x), (@n4t3_l) . We will continue to share and synergize our technologies and cultures built up across the regions, and take on the challenge to develop innovation and create new markets to bring smiles and brilliance to consumers around the world. Pronunciation of Takeshi Niinami with 1 audio pronunciation and more for Takeshi Niinami. Disclaimer. Your efforts to merge with Kirin in 2010 were unsuccessful. "They don't want to lay people off. 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. Browse 297 takeshi niinami stock photos and images available or start a new search to explore more stock photos and images. Mr. Niinami started his career in 1981 at Mitsubishi Corporation. October 2012. Not at all. 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. Niinami: Yeah, because other beer is premium line and that needs a complexity in producing to order the best quality. If you choose to use anything, please attribute to CNBC and Christine Tan. 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. I didn't mean that people should just be fired.". Dicho esto, los objetivos de sostenibilidad no se logran de la noche a la maana. Christine: Niinami-san, thank you so much for talking to me. If they say "yes" like this (Niinami nods), it doesn't mean yes. 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. (Japanese original by Atsuo Yamaguchi, Business News Department). 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. So, I created the Suntory University for both parties to gather, to talk, based on the founding spirits. Last month, Kishida warned the economy was at stake, saying Japan risked falling into stagflation if wage rises continued to fall behind price increases. Sometimes, our ways are very good -- not to be straightforward, but overall, I think clarity is better for us to communicate with people. ;-p It was worth it though. Tell me about some of the frustrations you felt trying to align both companies. Christine: You think you can take on Baijiu? Find Suntory Holdings President And Ceo Takeshi Niinami Interview stock photos and editorial news pictures from Getty Images. Niinami: Yes, that's right. Takeshi 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.. That's why Lawson has been very successful competing with its arch rival 7-11. 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. How are sales for the Legent coming along? If not for that, I would've stayed stuck in the same wage loop," Tokiyoshi, now 54, told CNN. So, I was so impressed by Gary Saji and that made me decide to join Suntory Holdings. That's their mission. - The president and CEO of the Spanish company Puig, Marc Puig, and the CEO of the global consumer products company Suntory Holdings Limited, Takeshi Niinami, have become the latest members of IESE's International Advisory Board.The board now consists of 35 leading international . How does it feel to be the first chief executive outside the founding family to head the 120-year-old drinks maker? Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. And they rendezvoused to study each other with a huge respect to each other. 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. Linked companies : CrowdWorks Inc. Copyright THE MAINICHI NEWSPAPERS. Niinami: Yes, I'm sure. Age : 63. Niinami is also a private sector member of the government's Council on Economic and Fiscal Policy. We worked it together. A Division of NBCUniversal. Niinami: Yes, we are so much aligned for that. 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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Mr. Takeshi Niinami has been the President and Chief Executive Officer of Lawson Inc. since May 2002. So, ambiguity and clarity, does not make productivity. 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. It has to be very vague, ambiguity, we love it! But mostly, how we can leverage incumbent and the current product lines. The interview will play out in CNBC's latest episode of Managing Asia on 20 December 2019, 6.30PM SG/HK (in APAC) and 11.00PM BST time (in EMEA). But the underlying fact is we respect each other. 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. Christine: As a parent company, do you think Beam has now accepted the fact that the Japanese Suntory is now in charge? Niinami: I'm sure they fully understood the value of a Japanese company Suntory and a Japanese context, because that's a huge differentiation for them. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 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. The colleagues of Takeshi Niinami. And I want to leave the legacy that Suntory is the right company to create good global leadership. Por esa razn, las empresas quiz tengan que asociarse cada vez ms, incluso con sus propios competidores, para lograr economas de escala. For example, U.S. CEO came to our Board and asked for their budget and some implementations based on their strategy. Now India is throwing open its doors to private companies and raising its stellar ambitions. En general, los resultados a corto plazo bastan para los accionistas, pero no para los empleados. The growth in the US, at least 5 to 7. Explore their individual commitments below or click to discover more about the business solutions they're working on together. Christine: When I look at your sales, most of it, about 60 percent still comes from your domestic market. 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. ", 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. So not only whisky - Roku which is craft Gin, and even the Jim Beam. But at this moment our presence is very small. 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