Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Pete Findlay

👤 Speaker
295 total appearances

Appearances Over Time

Podcast Appearances

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And so that's hence why our number one or number two brands, we like to operate in that space.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

The first thing was to, and one of our key requirements or expectations of our customers is that they can get a great quality product at great value.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And so therefore you need productivity underpinning that value piece.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And so we stripped a lot of costs back out of our business and we compressed our factories and we really sought to get a far more productive manufacturing footprint.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And then from there, we wanted to really focus on areas that met our customer needs.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And that wellness piece was a key one.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

a key part of it.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So how do we deliver those wellness concepts or needs to our customers, which are things like protein, fiber, the amino acids within protein.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So in addition to that, magnesium, collagen.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And so we picked our milk-based beverages and our yogurt piece to really focus on there.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And then the third piece of our strategy was to deliver dairy into Asia, in particular Southeast Asia.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And so we use cream cheese and yogurt as a vehicle for that.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So we've really focused on those components there.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And we're really pleased to say that two and a half years in, we're probably ahead of plan.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And we're a pretty good chance of hitting our five-year targets in year four.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So we've been sort of pleased with how that's been going.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Yeah, absolutely, Alan.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And that's been a really, you know, all those decisions are very difficult and we don't take those decisions lightly.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So we've removed about 800 heads from our business.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So we've gone from a little bit over 4,000 employees to about 3,200 employees.