Blog: Management today
Chris Brook-Carter | 15 December 2003
I have, I am sure, directed readers in the past to the excellent financial website www.cantos.com. It's free to register and you get a range of interviews from leading players in industrial sectors around the world.
This week the website published a special beverage feature. As well as grouping interviews with the CEOs of S&N, SABMiller and W&D following their recent results, the website has also talked to the two beverage analysts Ian Shackleton, of CSFB, and Ralf Knabe, of Dresdner Kleinwort Wasserstein, to get their views on 2003 and some hints at the issues in 2004.
Shackleton focuses on the European beer market in the interview and points out his concerns in the sector, in particular flat volumes in Europe and a lack of marketing spend from the leading players. Interestingly, though, he points to another challenge - the number of new senior managers that have come into the sector - as a positive.
"It’s interesting that we’ve seen a number of new managements come into quite a few of the beverage companies, the beer companies in Europe: Scottish & Newcastle would be one, for example. Interbrew would be another. And so there are some quite big challenges facing new managements. Now, it’s interesting that both the managements that have come into those companies have come from outside the beer industry, and that probably introduces new blood into an industry where perhaps, historically, there’s been far too much inbred management, which has not contributed to a good performing culture," Shackleton says.
Funnily enough, this was an issue we too highlighted in a feature in January by Ben Cooper. It's worth reading the two slightly different takes on the matter.
Some people in India believe alcohol should be more difficult to purchase. Last month, the state of Bihar halted all alcohol sales as its chief minister made good on an election promise. ...
Greetings from Zurich. Here as a guest of Heineken's Amstel brand, I'm due to sit down later today with the group's senior global director for international brands, Walter Drenth....
Drinks companies spend a lot of money on trying to predict trends. At last night's Worshipful Company of Distillers City debate, any strategists in the audience got a bit of forecasting for free....
I'll admit to being partial to an Aperol Spritz now and again, more usually in the summer months, sitting outside, shades on, slowly turning more golden/rusty....
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