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Brendan Foley

๐Ÿ‘ค Speaker
80 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And in fact, they probably have many hot sauces in their pantry for different purposes.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

But you go over to herbs and spices.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

I mean, if you compare sort of a cumin to a cumin,

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

know we have a very unique sourcing strategy that is really we go all the way to the source and we have a chain of custody from the farm we work with over 54 000 smallholder farmers and so we know exactly what that product is and it prevents adulteration and make sure that we have the right spec behind everything that we have so it is quality in the jar that is the big differentiator versus everything else because we have a very unique sourcing strategy

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

You know, I would not say over the past month.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

It's really been over the last couple of years.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

There's a real intersection with the need for value and also health and wellness.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And consumers are going to give up on looking for both of those.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

So we put a lot of focus around that in the first couple of years that I've been CEO and really make sure we have our price points right at shelf.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

We're working a lot with our retail partners to make sure that we grow categories.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And we think about volume growth.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And that's been a big focus of ours.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

If you look at the performance of McCormick and Unilever Foods over the last two to three years, we're one of the few companies that have been doing that because we think we're hitting that cross-section of value and health and wellness.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Well, when you look at categories like this where you have big legacy, you know, sort of iconic brand names like Hellmann's or like McCormick, those are important to consumers.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

But consumers also like to explore with flavor.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

They like to try new things.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

We understand this world of flavor a lot.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And, you know, you have to continue to be relevant and you have to bring in innovation.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

You have to bring in new flavors.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

You have to think about, you know, how does heat apply, you know, and think about flavor trends.