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Scaling Innovation and Collaboration in Omnichannel with Simon Miles
Episode 24230th August 2023 • Be EPIC Podcast • Brent Williams
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This week on the Be Epic podcast, Brent sits down with Simon Miles, Vice President of Global Omnichannel at The Coca-Cola Company. They discuss the omni-channel retail space and innovations including those in retail media, AI, and e-commerce. Simon shares his global perspective gained from working with his team that operates in 206 countries and the important role of collaboration across functions and with retailers. Simon also offers guidance for students entering CPG and retail marketing, emphasizing the value of curiosity, action-orientation, and resilience in building a career.

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Simon Miles:

It's very easy sometimes when you you know,

Simon Miles:

everybody's busy. It's very easy just to be very internally

Simon Miles:

focused as you put it earlier. You know, as you walk in, you've

Simon Miles:

got to do this. It's on your mind, you got a few things

Simon Miles:

you've got to do today. But build in, if you can some time

Simon Miles:

to explore, and to think about the outside world.

Brent Williams:

Welcome to the Be Epic podcast, brought to you

Brent Williams:

by the Sam M. Walton College of Business at the University of

Brent Williams:

Arkansas. I'm your host, Brent Williams. Together, we'll

Brent Williams:

explore the dynamic landscape of business, and uncover the

Brent Williams:

strategies, insights and stories that drive business today.

Brent Williams:

Well, today, I have with me, Simon Miles. Simon is Vice

Brent Williams:

President of Global Omnichannel at the Coca Cola Company, and

Brent Williams:

has become a good friend. So Simon, thank you for joining.

Simon Miles:

Thanks, Brent. It's so good to be back in Northwest

Simon Miles:

Arkansas again. We've been coming for a lot of years. And

Simon Miles:

it's always a great pleasure, good to see you.

Brent Williams:

Well, we're glad to have you here. Maybe from the

Brent Williams:

accent we can tell you're not from Arkansas. Right. So maybe

Brent Williams:

tell us a little bit about yourself.

Simon Miles:

Yeah, I'm I'm from the south, but it's the south of

Simon Miles:

England. So I live near to near London. Yeah, so I've, I've been

Simon Miles:

coming over to the US part of Coca Cola for for many years,

Simon Miles:

I've been part of the global team for the last 10 years, been

Simon Miles:

at Coca Cola 17 years, so had a sort of long, long career in all

Simon Miles:

sorts of different elements of that. But you know, personally

Simon Miles:

married, two kids who are no longer kids, they're grown ups

Simon Miles:

now. And keen tennis player and photographer, and even drone

Simon Miles:

pilot for a bit of aerial photography occasionally.

Brent Williams:

That's right, quite the quite fun interests

Brent Williams:

outside of work. And inside work, you know, from a

Brent Williams:

professional perspective, a background in marketing, digital

Brent Williams:

marketing, e commerce.

Simon Miles:

Yeah, certainly in the last 10 to 15 years that's

Simon Miles:

dominated it. Although I have to say in in the earlier parts of

Simon Miles:

my career it was much more varied than that. So yes, there

Simon Miles:

was some sales roles, there was some admin roles, I was leading

Simon Miles:

teams on insights, on category planning, on shopper marketing.

Simon Miles:

So it was it was a good broad base from which then I

Simon Miles:

eventually kind of narrowed it down and started to specialize

Simon Miles:

as digital marketing, and ecommerce started to evolve. So

Simon Miles:

I could see the opportunity and kind of spent more time in that

Simon Miles:

space.

Brent Williams:

And then in this role, you're leading commercial

Brent Williams:

strategy with, for Coca Cola on behalf of most global customers?

Simon Miles:

Yes, so. So I do that across all of our regions

Simon Miles:

of the world. So we operate in these 206 countries. Clearly, I

Simon Miles:

can't cover all 200 metrics. So prioritization is always key.

Simon Miles:

But yes, I'm responsible for that for our overall omni

Simon Miles:

channel strategy with all of our key customers across the

Simon Miles:

different regions of the world. But of course, we have in Coca

Simon Miles:

Cola, we have nine operating units around the world. So I

Simon Miles:

work with our local teams who will do more of the kind of day

Simon Miles:

to day work on the ground.

Brent Williams:

Okay. Totally makes sense. Well, let's, let's

Brent Williams:

kind of dive into the omni channel world. Because what an

Brent Williams:

exciting place, what an exciting area you work in, omni channel

Brent Williams:

retail, you've got a good bit of history, you know, working in a

Brent Williams:

with retailers in omni channel. Yeah, just kind of what are you

Brent Williams:

seeing? And how do you see it evolving right now?

Simon Miles:

Yeah, it is. It's ever evolving. It's one of those

Simon Miles:

fascinating spaces, you know, it's changed a lot in the sort

Simon Miles:

of 10-15 years, I've been in that space. And of course, there

Simon Miles:

was the huge acceleration towards e commerce during the

Simon Miles:

COVID pandemic in a couple years back, which I think really

Simon Miles:

changed the game for a lot of suppliers. And certainly for us,

Simon Miles:

we're suddenly, from a very small part of our business, it's

Simon Miles:

suddenly become a very significant part of the

Simon Miles:

business. And I know the same is true for many retailers, too.

Simon Miles:

And that's driving a lot of change, I think in terms of how

Simon Miles:

people view the importance of the E commerce side of omni

Simon Miles:

channel. And so we're seeing a lot more investment going in. So

Simon Miles:

we're not going to talk about investment. I'm thinking people

Simon Miles:

resource, as well as you know, dollars and cents, and a lot

Simon Miles:

more focus in terms of our business planning and those

Simon Miles:

kinds of areas that we work on. And just to give you sort of a

Simon Miles:

couple of areas that I think have really sort of moving

Simon Miles:

forward a lot more recently, there's been a lot of sort of

Simon Miles:

capacity constraints and that kind of stuff, which came out of

Simon Miles:

the pandemic, it was difficult for people to meet demand at the

Simon Miles:

time, as that, as that spiked. And so there was a lot of

Simon Miles:

investment go into into sort of supply chain solutions and

Simon Miles:

logistics and those kinds of things to build the capacity so

Simon Miles:

that we can meet demand. So I think that's, that's a real

Simon Miles:

trend that really accelerated through through and beyond the

Simon Miles:

pandemic. And more recently, I think you've seen the

Simon Miles:

development of a couple of areas like artificial intelligence,

Simon Miles:

which is really making it starting to make a difference. I

Simon Miles:

think it's still early, and we're still figuring it out. But

Simon Miles:

it's starting to play out. And I think it has a lot of as has a

Simon Miles:

big future, if you like as to the things I'm thinking about

Simon Miles:

for the future. And the other one is the emergence of the

Simon Miles:

retail media area, which is driving significant amount of

Simon Miles:

inven investment potentially into the retailer, p&l from

Simon Miles:

different parts of the supplier organization here. We're talking

Simon Miles:

brand dollars rather than kind of traditional trade dollars.

Simon Miles:

But again, it's early days, we're still figuring it out. So

Simon Miles:

yeah, there's lots of beads. It never stops, right? It's it's

Simon Miles:

such a fascinating space,

Brent Williams:

It is fascinating, maybe kind of

Brent Williams:

diving in on both of those, maybe we'll start with with AI,

Brent Williams:

because we probably, we've done some work together on retail

Brent Williams:

media, which I want to touch on. Very early days of, you know,

Brent Williams:

generative AI being much more accessible to both individuals

Brent Williams:

and companies. Any like little tidbits of highlights of where

Brent Williams:

you think maybe this could make a real difference in omni

Brent Williams:

channel?

Simon Miles:

Yeah, I think the jury's still out, you know,

Simon Miles:

because we are at the early stages, but the way I look at it

Simon Miles:

is, I can definitely see. And I was talking about this with our

Simon Miles:

local team yesterday, actually, when you think about how people

Simon Miles:

shop, and the what they're trying to do is they're trying

Simon Miles:

to feed the family for the week, right? Typically, mom is saying,

Simon Miles:

you're saying like, okay, I've got, you know, the kids got to

Simon Miles:

go to school. And I've got lunchboxes to make, and then

Simon Miles:

I've got, you know, some friends come around on Saturday night,

Simon Miles:

so that she's got a meal plan in her head of a number of meals.

Simon Miles:

And at the moment, the structure of how people generally shop

Simon Miles:

online is called item by item or aisle by aisle right picking it

Simon Miles:

through, and I think what's gonna happen with something like

Simon Miles:

AI is you could actually put in, in sort of natural language, you

Simon Miles:

know, build me a plan for the week, I've got you know three

Simon Miles:

kids in the house, I need five lunchboxes, and I need a meal

Simon Miles:

for Saturday night. And it'll give you suggestions then of

Simon Miles:

products, which I think was kind of one click, you can add to the

Simon Miles:

basket. So that kind of ability, I think is going to change the

Simon Miles:

dynamics of how people shop online from, you know, frankly,

Simon Miles:

what historically, I think, has been almost imagine a floor plan

Simon Miles:

of a supermarket, put on a page of a computer screen. And then

Simon Miles:

we're made to kind of go through all the aisles, which perhaps

Simon Miles:

isn't the best experience we could have built. But it's it's

Simon Miles:

just we are where we are. So I think AI is going to make a

Simon Miles:

difference to that kind of thing. And I also think more

Simon Miles:

technically, how the digital shelf is built, I think, really

Simon Miles:

heavily influenced by artificial intelligence. So at the moment

Simon Miles:

is it's it's kind of quite a manual process in many ways of

Simon Miles:

images and texts, and the rest of it to kind of create the

Simon Miles:

pages that you see. But I think artificial intelligence will

Simon Miles:

take a lot of the effort out of that. So you know, most of the

Simon Miles:

use cases that we're seeing are in the space of time saving and

Simon Miles:

efficiency. And I think that's where it's really gonna start to

Simon Miles:

begin with where it goes beyond that, you know, you have to ask

Simon Miles:

a futurist really can get around that.

Brent Williams:

Well even your first example of meal planning

Brent Williams:

for a family, that that could be an impact of saving a family an

Brent Williams:

hour, you know, on the weekend that could allow them to enjoy,

Brent Williams:

enjoy family time or enjoy recreation. And, you know, I'm

Brent Williams:

excited about the ability of generative AI and enterprises

Brent Williams:

to, of course, take out the rote tasks that we probably as

Brent Williams:

humans, you know, could be using our time better. So I think

Brent Williams:

it's, I think it's exciting. I can't wait to watch it.

Simon Miles:

Yeah, no completely. And I'll give you

Simon Miles:

another little, little tiny example that I've been using it

Simon Miles:

for recently, when we were still having a lot of virtual meetings

Simon Miles:

at Coke, right. I'm part of a global team. So we hosted a

Simon Miles:

meeting last week with about 10 people on the call. And we

Simon Miles:

recorded the call, because there were some people who couldn't

Simon Miles:

make it. And so the the there's, you know, Zoom automatically

Simon Miles:

created a transcript of the meeting I needed then to

Simon Miles:

summarize it. So I just put that into ChatGPT and said, turn this

Simon Miles:

transcript into a summary of the meeting with bullet points and

Simon Miles:

action points. And it did it in 15 seconds. So you know, the

Simon Miles:

time saving for me, yes, I could have gone through that. But it

Simon Miles:

was an hour's meeting would have taken me probably half an hour

Simon Miles:

to have done that. So you're absolutely right, in terms of

Simon Miles:

the time saving is tremendous.

Brent Williams:

That is wonderful I agree. Well retail

Brent Williams:

media, which is really how you and I originally got to know one

Brent Williams:

another. And you individually, Coca-Cola, as a company has

Brent Williams:

really supported the Walton College in putting out thought

Brent Williams:

leadership around retail media. We put out our first white paper

Brent Williams:

early last fall, and are working on a second version of that,

Brent Williams:

that you're helping us with, again, so one, thank you for

Brent Williams:

helping the Walton College create thought leadership. But

Brent Williams:

one thing I love is that we're doing this together. And but,

Brent Williams:

you know, well, how do you see this space evolving? Because

Brent Williams:

it's been a space that really seems to have evolved really,

Brent Williams:

really quickly.

Simon Miles:

faster than either of those two. And so it's hard

Simon Miles:

to you know, and that's why we wanted to partner up with you

Simon Miles:

guys. And it was such an important piece of work that you

Simon Miles:

led last year, to give us a baseline of understanding on it

Simon Miles:

because there was a lot of there was a lot of literature out in

Simon Miles:

the marketplace, but it's all coming much of it was coming

Simon Miles:

with an angle. So, you know, an agency would publish or a

Simon Miles:

retailer would publish. And so we wanted an independent

Simon Miles:

viewpoint and that's what you gave us and that was really

Simon Miles:

helpful for us as a business to then be able to think through

Simon Miles:

for ourselves. What are the key things we want to be focused on?

Simon Miles:

What do we want to try and work out? So it's been a wonderful

Simon Miles:

partnership, and we really appreciate the work that you've

Simon Miles:

done. And it's definitely helped us, I think, to work with some

Simon Miles:

industry partners as well, to sort of take some of that

Simon Miles:

thinking on. And so, you know, retail media is one of those

Simon Miles:

areas that has, has such opportunity in it. And I think

Simon Miles:

it's quite easy, as you articulated in the white paper

Simon Miles:

last year to kind of understand the promise of that, with, you

Simon Miles:

know, consumers getting more relevant advertising and

Simon Miles:

retailers making some a new revenue stream and suppliers

Simon Miles:

being able to target in a way that hadn't before and measure.

Simon Miles:

But we've still got a way to go to kind of realize that that

Simon Miles:

promise. But there's been, you know, significant strides

Simon Miles:

forward, you know, we've been testing with a number of

Simon Miles:

different retailers in different parts of the world. You know,

Simon Miles:

what responds, well, how do you work through it? What types of

Simon Miles:

tactics work well, in this space, as many others have, as

Simon Miles:

well. And I think there's been a lot of work. And one of the

Simon Miles:

things that's interesting about this space, and, and it reminds

Simon Miles:

me of when I was first in E commerce, you know, over a

Simon Miles:

decade ago, there's quite a collaborative spirit in the

Simon Miles:

industry, which doesn't necessarily exist in other

Simon Miles:

parts. And so we've certainly partnered up a lot, you know, as

Simon Miles:

we did with you in the first instance, but with other, you

Simon Miles:

know, there's cross supplier forums, there's people like the

Simon Miles:

IAB are working in this space, there's a lot of collaboration

Simon Miles:

here. And I think the way forward in this space, and when

Simon Miles:

I come back to suppliers, and retailers specifically working

Simon Miles:

together to work out the right plans for the consumer

Simon Miles:

collaboration is at the heart of that. Because what I'm seeing

Simon Miles:

now, globally, is that these are all evolving in their own way.

Simon Miles:

So if you're a Carrefour in France, or you're Woolworths

Simon Miles:

Australia, or you're a Walmart in the US, you're developing for

Simon Miles:

your own platform. And so it's developing slightly differently.

Simon Miles:

And so there's a, there's a need to collaborate together to

Simon Miles:

understand where all those platforms are going, and how we

Simon Miles:

get more consistency in the industry. And that's starting to

Simon Miles:

come, we're starting to open that up. But I don't think any

Simon Miles:

one company has all the answers either. And so it's not one of

Simon Miles:

those things, we can just go out and try and make everybody fit

Simon Miles:

to our model, because we don't have all the answers either,

Simon Miles:

certainly. And so it's opening up a really fabulous

Simon Miles:

collaboration opportunity between retailers and suppliers.

Simon Miles:

And I think long term, this will fundamentally change the way

Simon Miles:

that retailer supplier relationships work. Because it

Simon Miles:

historically, you know, it's been owned by the merchants and

Simon Miles:

the key account teams, you know, it's been the sort of two, two

Simon Miles:

sides of the coin, if you like, and kind of working out and

Simon Miles:

negotiating together and building the plans. Now, with

Simon Miles:

the advent of retail media, where it's much more about

Simon Miles:

marketing and media, different parts of the organization are

Simon Miles:

brought into play. And you have to have both sides working

Simon Miles:

together in order to make that work. So you have collaboration

Simon Miles:

opportunities, within the retailer, within the supplier,

Simon Miles:

and between the retailer and supplier, which looks different

Simon Miles:

in the future than it did in the past. So it's it's an amazing

Simon Miles:

evolving space. You know, as you say, fast, lots of investment

Simon Miles:

going in, lots of progress, but still lots of development to

Simon Miles:

come.

Brent Williams:

What are my learnings out of that work last

Brent Williams:

summer, that speaks to this point was, you know, typically

Brent Williams:

you you thought about that relationship as you're right. I

Brent Williams:

mean, at least being I won't say owned, but maybe led by it was

Brent Williams:

more dyadic, if you will, you know. And all of a sudden, we

Brent Williams:

see multiple parts of the organization have to not only

Brent Williams:

collaborate across retail and supplier, but even within a

Brent Williams:

brand or within a retailer that we hadn't seen before. And so I

Brent Williams:

agree with you that the collaboration and the

Brent Williams:

integration, both internally and externally are going to be key.

Simon Miles:

Yeah, I think that's exactly right. And that

Simon Miles:

we've certainly been doing, you know, since we were working

Simon Miles:

together last summer, we've been doing a lot of that sort of

Simon Miles:

work, so you won't see it on externally. But internally,

Simon Miles:

we've been doing a lot to break down some of the silos that

Simon Miles:

exist in our business. And think about how do we plan activation

Simon Miles:

together in a way that's much more joined up than it was in

Simon Miles:

the past. So you know, the brand teams and the commercial teams

Simon Miles:

are much more linked. It's based off the, you know, category and

Simon Miles:

insight understanding, and the insights that the retailer can

Simon Miles:

share with us as well. So it's quite a different animal.

Simon Miles:

There's a lot more people involved, that's complex, and an

Simon Miles:

organization our size, you know, Coca Cola has something like

Simon Miles:

700,000 people globally. That's not easy to kind of, you know,

Simon Miles:

manage your way through that. So we spend a lot of time thinking

Simon Miles:

about that. And, you know, the good news is, I think there's,

Simon Miles:

there's an appetite, and an understanding from the

Simon Miles:

retailer's point of view as well, that the same thing exists

Simon Miles:

in their organizations. They're feeling that too. And we're

Simon Miles:

helping, you know, working together in a way that we

Simon Miles:

probably couldn't have done before. We're bringing some of

Simon Miles:

our expertise as media buyers and marketeers, which is

Simon Miles:

historically what you know, our organization has been been been

Simon Miles:

good at and been famous for. And we're bringing some of that

Simon Miles:

skill set and expertise on behalf of our retail partner. So

Simon Miles:

it's been it's been good. It's been good, overall positive

Simon Miles:

about the future of that.

Brent Williams:

I'm looking forward to the next iteration of

Brent Williams:

the work. So again, thank you for for partnering with us on

Brent Williams:

it. And you mentioned something that over the last year, as I've

Brent Williams:

gotten to know you, that you've helped me with, and that is

Brent Williams:

being able to get a more global understanding of what's

Brent Williams:

happening in omni channel retail, but some of the unique

Brent Williams:

aspects regionally across the world. And so operating in 206

Brent Williams:

countries, I think you have a great vantage point of that.

Brent Williams:

Just what are some of the things you see differently regionally

Brent Williams:

that you think are interesting?

Simon Miles:

Yeah, you're absolutely right, it's one of

Simon Miles:

the privileges of the role I have at Coca Cola is I get to

Simon Miles:

see a lot of different models working. And, you know, there's,

Simon Miles:

there's a lot of often a lot of similarities between places like

Simon Miles:

the US and Western Europe. But even that, you know, if I think

Simon Miles:

about, you know, my home country, the UK, built up its

Simon Miles:

ecommerce business based on home delivery. Whereas if you're in

Simon Miles:

France, or most other sort of developed markets, it's more of

Simon Miles:

a pickup market. And so there's nuances in terms of how the E

Simon Miles:

commerce model works, and where some of the costs are contained

Simon Miles:

in that, because obviously, from the UK model is quite expensive

Simon Miles:

to run, because you got to then deliver to people's houses.

Simon Miles:

Whereas if you get the consumer to work, do that work, then you

Simon Miles:

know, there's there's a slightly different economic return on it.

Simon Miles:

I think what's interesting as well is when you step out into

Simon Miles:

Asia, you know China's out kind of almost on its own and its own

Simon Miles:

sort of ecosystem developed very differently. Very mobile led, is

Simon Miles:

very socially lead. So lots of the commerce sitting within the

Simon Miles:

framework of the social media channels that exist in China,

Simon Miles:

which looks, you know, somewhat similar to the ones that we will

Simon Miles:

be familiar with, but operate under slightly different ways.

Simon Miles:

And so what's interesting is the influence of China in some of

Simon Miles:

the other Asian markets. So we take India, where I think

Simon Miles:

currently it's the market is still very, very traditional

Simon Miles:

trade led right so something like 96% of our business in

Simon Miles:

India, is still what you call traditional trade, so the

Simon Miles:

Khurana stores, and that, you know, mom and pop stores, that

Simon Miles:

kind of stuff. So it's only quite small, the kind of develop

Simon Miles:

side, but that's all just skipping a generation that's

Simon Miles:

going straight into social and mobile. So you see the models

Simon Miles:

very much sort of developing differently. But they are also

Simon Miles:

thinking about things like retail media, and artificial

Simon Miles:

intelligence, you know, so some of those threads that I've

Simon Miles:

talked about, are still manifesting themselves in

Simon Miles:

markets, which on the surface look very different. So yeah,

Simon Miles:

there's lots of lots of different areas that the other

Simon Miles:

bit that would, that I'm also responsible for, if you start to

Simon Miles:

step away from retail for a minute is kind of food service

Simon Miles:

and food service aggregators, quick commerce, that kind of

Simon Miles:

era. And we've seen that develop in a lot of different parts of

Simon Miles:

the world. So you have markets like Israel, or Turkey, which

Simon Miles:

are very strong in terms of some of the tech developments there

Simon Miles:

around for food aggregator platforms, which are very

Simon Miles:

sophisticated in terms of how they, how they will market

Simon Miles:

themselves, you know, what the platform looks like, how

Simon Miles:

interactive it is, and those kinds of things. So it's always

Simon Miles:

just fascinating. I mean, you know, that that expression every

Simon Miles:

day is a school day. And it certainly in my job, that's

Simon Miles:

absolutely true. And I'm always coming into stuff thinking, wow,

Simon Miles:

I never saw that before. That's amazing.

Brent Williams:

Well, you know, one thing that I think I can

Brent Williams:

tell, is, you know, you enjoy learning, right? And so being

Brent Williams:

curious, and learning and learning about what is happening

Brent Williams:

in the world is quite a privilege, as you mentioned, I'm

Brent Williams:

sure.

Simon Miles:

Yeah it is, you're absolutely right. And that's one

Simon Miles:

of the motivators for me is trying to understand the space.

Simon Miles:

And when I in the role, I have one of the sides of that, that I

Simon Miles:

think I owe the organization for the privilege of doing the job I

Simon Miles:

do is to be the person who's almost like the translator for

Simon Miles:

our business, to take the outside world and bring it in to

Simon Miles:

Coca Cola. So understand the trends understand the

Simon Miles:

differences regionally. But see the similarities between so that

Simon Miles:

we can draw the dots between various different whether it's

Simon Miles:

customer platforms, or whether it's, you know, different

Simon Miles:

regions of the world and try and see that and say, what is the

Simon Miles:

implication for our business in other parts of the world. So I'm

Simon Miles:

an opportunity spotter, if you like, on behalf of the of the

Simon Miles:

organization, and that, that keeps me intellectually

Simon Miles:

stimulated. Because you're absolutely right, you've got to

Simon Miles:

stay in that learning mindset, and say, how do I just not take

Simon Miles:

anything for granted here? How do I look at this fresh every

Simon Miles:

day? And try and figure out what's new and different? I love

Simon Miles:

that side of it.

Brent Williams:

Yeah you know, and I think that's actually

Brent Williams:

where I would, we would turn that sensemaking, you know, for

Brent Williams:

the organization. And that's actually something that I think

Brent Williams:

often leaders can forget is a really important part of their

Brent Williams:

role, right? Because I know for me, it's so easy to walk in at

Brent Williams:

whatever time you're coming in, in the morning, and the to do

Brent Williams:

list sort of takes over. But but it is true, right? There's so

Brent Williams:

much happening outside of the walls of the organization. And a

Brent Williams:

leader does have to be able to scan and make sense of it, you

Brent Williams:

know, for the organization for the strategy of the

Brent Williams:

organization.

Simon Miles:

Yeah, I think that's exactly right. And I've

Simon Miles:

always taken the view if I'm one of the leaders in our digital

Simon Miles:

business, that I'm supposed to be driving that agenda and where

Simon Miles:

is most of that going to come from? It's not going to come

Simon Miles:

from the work I've set off, although you always do get some

Simon Miles:

fantastic work internally, I've got to at least have the view

Simon Miles:

outside to see what others are doing. And that's why I've

Simon Miles:

always taken time to attend, you know, conferences and you know,

Simon Miles:

things like this. You know, I always learn something when I

Simon Miles:

talk to people like you Brent and and others, you know. And so

Simon Miles:

it's important to have an external focus as well as an

Simon Miles:

internal one. Just to keep abreast of everything in the

Simon Miles:

industry, because there's so much to learn all the time it

Simon Miles:

moves so quickly, particularly in the digital space.

Brent Williams:

Yeah. Well, speaking of learning, one of

Brent Williams:

mine working together last year, was really about the

Brent Williams:

organization of Coca Cola. You know, I thought, Coca Cola. But

Brent Williams:

you know, it's a little more complicated than that with with

Brent Williams:

your bottlers and the relationship that you have with

Brent Williams:

bottlers. And I think most of us probably don't understand that

Brent Williams:

it's a little bit unique.

Simon Miles:

Yeah, I think it is. You're absolutely right.

Simon Miles:

People just think Coca Cola is like one big company, right. But

Simon Miles:

it's actually sort of the easiest way to think about it as

Simon Miles:

a split is two halves, right? So you have the Coca Cola Company,

Simon Miles:

which owns the brands, creates, creates the magic, if you like,

Simon Miles:

in terms of the advertising campaigns, and that kind of

Simon Miles:

stuff, and also owns the magic formula. And before you ask me

Simon Miles:

now, I don't know what it is.

Brent Williams:

Okay, now, that was my next question.

Simon Miles:

That's way above my paygrade. And so yeah, so that's

Simon Miles:

what the kind of company does. And then there is a network of

Simon Miles:

franchise bottlers around the world who take the syrup that we

Simon Miles:

produce, and then they then bottle and manufacture that

Simon Miles:

locally. So we have hundreds of plants around the world that

Simon Miles:

manufacture and they will then distribute that in the local

Simon Miles:

markets. And so that's, that's the sort of franchise model that

Simon Miles:

we have. But of course, it's a symbiotic relationship, right?

Simon Miles:

We are absolutely work hand in hand with our bottling partners,

Simon Miles:

you know, we we just would not be successful without them

Simon Miles:

clearly. And so. And in fact, I'd the first nine years of my

Simon Miles:

Coca Cola career, I was on the bottling side of the

Simon Miles:

organization in the UK. So I'm very familiar with that. So I've

Simon Miles:

sort of done the transition. So I've set both sides of the of

Simon Miles:

the Coca Cola system, as we call it.

Brent Williams:

So having the background with the bottler, I'm

Brent Williams:

sure gives you an advantage as you as you work with them in

Brent Williams:

this role.

Simon Miles:

Yeah, I think it does. I think it partly, you

Simon Miles:

know, commercially, I understand the economic model, and the

Simon Miles:

business model for the bottlers, which, you know, is very helpful

Simon Miles:

on a day in day out basis, because, you know, what, what

Simon Miles:

their agenda is likely to be and what the what they need to

Simon Miles:

achieve, and how it works, how to get stuff done. And that's

Simon Miles:

one of the, one of the challenges, I think, as you

Simon Miles:

enter business. And as you build a career, the most, in my view,

Simon Miles:

the most successful people are people who know how to get stuff

Simon Miles:

done. You know, there's a lot of people who are, you know, good

Simon Miles:

thinkers, or they're, you know, smart people, but if you can't

Simon Miles:

get it done, it's going to be a limiting factor. And so, for me,

Simon Miles:

you're right, that that history of mine in the bottling side of

Simon Miles:

the organization is very helpful for me to understand what what

Simon Miles:

would they need to make this work because that often locally,

Simon Miles:

they will be the people who will go and sell to retailers, and

Simon Miles:

they'll be building the local, you know, spin on the plant. And

Simon Miles:

so if you know that going in, you know, have feed that

Simon Miles:

information in the first place. And so that ability to get stuff

Simon Miles:

done, I think, is a really important thing to hold on to,

Simon Miles:

as you build a career,

Brent Williams:

Transitioning maybe back to the to the

Brent Williams:

business, just just to touch you know, the overall categories

Brent Williams:

that you're in the beverage category is one without deep

Brent Williams:

knowledge of the category seems to be innovative in some really

Brent Williams:

interesting ways. So I guess, what are what are some of the

Brent Williams:

highlights of that innovation? And where do you see those

Brent Williams:

categories evolving to?

Simon Miles:

Yeah, there's there is a lot of, of dynamism in the

Simon Miles:

beverage category always has been, but it's sort of, like

Simon Miles:

much of most things in life, it's accelerating and

Simon Miles:

fragmenting a lot. So we've seen you know, the growth of things

Simon Miles:

like coffee is a really, really big global trend, you know,

Simon Miles:

alcoholic beverages like seltzers, and things like that

Simon Miles:

have come up, you know, more recently, but huge innovations

Simon Miles:

in, in packaging as well driven by a sort of sustainability

Simon Miles:

agenda as well. So as you'll notice, as you travel the world,

Simon Miles:

there's lots of different ways in which that manifests itself.

Simon Miles:

And whether it's lightweight glass bottles, whether that's

Simon Miles:

different types of plastics, whether it's yeah, one of my

Simon Miles:

favorite ones recently I was in Japan, recently, they've got

Simon Miles:

what they call labeless bottles so another little plastic seat

Simon Miles:

sleeve that often sits on the outside of remove that and just

Simon Miles:

print directly onto the bottle. So there's, there's ways in

Simon Miles:

which we're innovating constantly around some of those

Simon Miles:

kinds of sides of the of the categories. But it's it is

Simon Miles:

amazing how much choice there is now for consumers. And of

Simon Miles:

course, that that also presents itself a challenge when you

Simon Miles:

think about the business side of it from assortment and display

Simon Miles:

and you know, planogram automation, all that kind of

Simon Miles:

stuff. We're working hard on to make it simple, simple for

Simon Miles:

people to shop the category to drive that but yet again,

Simon Miles:

another area that never stops innovating.

Brent Williams:

Well, and you know, I guess as the choice

Brent Williams:

proliferates, you know, for me as a consumer, going back to

Brent Williams:

retail media and some of the some of the innovations in

Brent Williams:

technology. I'm excited that that you as a marketer with Coca

Brent Williams:

Cola can increase singularly speak to me individually, and

Brent Williams:

helped me parse through all of that choice, knowing me as the

Brent Williams:

consumer.

Simon Miles:

Yeah. And that's the wonderful thing about where

Simon Miles:

technology will take us, I think and I don't think we're, we've

Simon Miles:

cracked that code yet. But we're certainly getting there. So

Simon Miles:

you're absolutely right. Because, you know, there's that

Simon Miles:

notion of the endless aisle, right, as you get a kind of

Simon Miles:

category like ours which got 1000s of SKUs in it, no one

Simon Miles:

wants to shop an endless aisle, what you want is to find the

Simon Miles:

things you're looking for very quickly. And that's where the

Simon Miles:

technology will help surface the right products in the right way.

Simon Miles:

And then provide a bit of inspiration. So that's where

Simon Miles:

that technology comes in really powerfully, I think and the more

Simon Miles:

that we can understand, you know, that the mission, you're

Simon Miles:

on the type of baskets, the types of products that you might

Simon Miles:

like, and we're able to synthesize that together, that's

Simon Miles:

what then surfaces, the inspirational content to you.

Simon Miles:

And so, you know, that's, I think that's, that can be really

Simon Miles:

powerful as a way of driving it, and driving up discovery side of

Simon Miles:

it. So it's very exciting.

Brent Williams:

Well, speaking of inspiration, I guess I'll

Brent Williams:

close with this question. And you've gotten to know a little

Brent Williams:

bit about our students, and, you know, the students of the Walton

Brent Williams:

College that I believe have a tremendously bright future in

Brent Williams:

front of them. If, you know, as you get a chance to interact

Brent Williams:

with, with young people entering into the field of CPG, or retail

Brent Williams:

marketing, what are some of the lessons learned from you, as you

Brent Williams:

sort of look back at this global career that's been quite

Brent Williams:

exciting?

Simon Miles:

Yeah, it's, I mean what an exciting time to be

Simon Miles:

joining business. Right. I mean, amazing opportunities I think,

Simon Miles:

for the for the students. I think there are some timeless

Simon Miles:

things which still relevant, I think, going forwards. I mean, I

Simon Miles:

think we've touched on a couple of them. So having a sort of

Simon Miles:

curious mindset, I think is really important asset to, to

Simon Miles:

think about. And so be seeking out and trying to learn

Simon Miles:

constantly, I think is a really important thing as as you

Simon Miles:

transition out of the sort of academic world into into a

Simon Miles:

business world and start to build your career. I think that

Simon Miles:

notion of being somewhat action orientated. So having the

Simon Miles:

ability to understand how the, how your organization, big or

Simon Miles:

small, how does it work? How does stuff really get landed?

Simon Miles:

How do you get to the end goal, you know, as efficiently and as

Simon Miles:

effectively as possible? I think that's really important. And I

Simon Miles:

think that whole kind of external mindset, you know, it's

Simon Miles:

very easy sometimes when you you know, everybody's busy, it's

Simon Miles:

very easy just to be very internally focused, as you put

Simon Miles:

it earlier, you know, as you walk in, you've got to do this,

Simon Miles:

it's on your mind, you got a few things you've got to do today.

Simon Miles:

But build in, if you can, some time to explore. And to think

Simon Miles:

about the outside world. I mean, for example, I always have the

Simon Miles:

first hour of my day, is used externally. So I'm reading or

Simon Miles:

I'm, you know, interacting with people on whether it's LinkedIn,

Simon Miles:

or whether it's, you know, some other platform. And that's about

Simon Miles:

learning that's just about opening my mind before I start

Simon Miles:

thinking about what I need to do for the day. And so, you know, I

Simon Miles:

have to because of the way I work, my brain works, I have to

Simon Miles:

diarize that. And so that's in that that's in my calendar, you

Simon Miles:

know, on hours of external stuff, otherwise, I just

Simon Miles:

wouldn't get to it, because I just start in what I'm doing. So

Simon Miles:

I think, you know, having that kind of curiosity, having that

Simon Miles:

external mindset, but being able to sort of think about how you

Simon Miles:

get stuff done, to achieve I think, is really important. And

Simon Miles:

it's definitely all of those has really helped me I think, as

Simon Miles:

I've developed my career.

Brent Williams:

Well I, synthesizing that maybe just to

Brent Williams:

touch a couple of the things that really resonated with me,

Brent Williams:

for our students is one I'll go back to one of your earlier

Brent Williams:

comments, which is the ability to get things done, you know, to

Brent Williams:

focus and get things done particularly early in your

Brent Williams:

career can really be something that sets you apart. And then at

Brent Williams:

the same time, be able to have a broad mindset, understanding

Brent Williams:

what's happening, so that you can bring those learnings and,

Brent Williams:

and a unique perspective to the workplace. I think both of those

Brent Williams:

are valuable and can be a competitive advantage for a

Brent Williams:

young person.

Simon Miles:

Yeah, I think that's exactly right. And I

Simon Miles:

think the the other thing is just sort of fortitude or

Simon Miles:

resilience, I think is an important sort of human quality

Simon Miles:

to have, because rarely are our careers a straight line. Mine

Simon Miles:

certainly hasn't been mine has meandered all over the place. I

Simon Miles:

mean, just you know, just to give a bit of insight, you know,

Simon Miles:

I was made redundant twice in my career, you know I had to change

Simon Miles:

industries a couple times. And it's just that fortitude to get

Simon Miles:

back up and go, hey, you know, I've got stuff to offer. And so

Simon Miles:

have, you know, confidence in your own ability, I think is an

Simon Miles:

important area to drive things forward, you know, that there

Simon Miles:

will inevitably be setbacks of one type or another. And the

Simon Miles:

ability to dust yourself off and just go again, I think is really

Simon Miles:

important, too.

Brent Williams:

What wonderful advice to close on. So be

Brent Williams:

resilient to our to our students out there listening. Well,

Brent Williams:

Simon, I really appreciate you joining us today. I appreciate

Brent Williams:

your support of the Walton College and your partnership.

Simon Miles:

Thank you so much. It's been a real pleasure. Thank

Simon Miles:

you.

Brent Williams:

On behalf of the Walton College thank you for

Brent Williams:

joining us for this captivating conversation. To stay connected

Brent Williams:

and never miss an episode, simply search for Be Epic on

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