Procter & Gamble CEO David Taylor Talks equality, economy and why people wear masks

(Miss this week is the short lead, this interview during the Inbox leadership brief participants was delivered on the morning of Sunday, June 14 ;? Email get weekly from conversations with leading CEOs around the world, and business decision makers, click here.) When the United States and the world continues with systemic racial injustice, David Taylor, CEO of $67 billion multinational Procter & Gamble consumer goods, admits that ‘it is time to act. “count as Start P & G announced in early June that there was a fund “Take on the race” for equality support organizations launched pursued: the company has made an initial contribution of $5 million. However, the more the work that waiting for us. “All too often the burden of equality remains examined on the shoulders of the most marginalized,” he says. Taylor “That just does not work.” on the sales front, P & G, in its 183rd year, is one of and few companies to prosper in the pandemic. consumer products in quarantine, as G Pampers were on P, Mr. Clean and Charmin escort. P & G also has its plans adjusted COVID-19 need thresholds which to respond. At the beginning of the crisis, as a team in a Boston facility for P & G found that the plastic used in packaging Gillette to face protection for employees to make health care. “We have branded visors,” says Taylor. “But they said, ‘We can. We were able to reuse them, change, work with someone hier’und now send 300,000 of them by mid-June.” With nearly Sanitizer, a P & G plant in Lima, Ohio, rededicated some of its fragrance equipment for detergent and fabric softener. “They of the ‘World Health Organization formula and then in a few days were in 55-gallon drums make Sanitizer”, says Taylor. The company now supplies 45,000 liters a week disinfectant. “We have nothing to sell,” he says. “We give away, or we use it in our factories and our company to stay safe.” Taylor, Charlotte, NC, native, has started spending his entire career at P & G, which in 1980 realized as a production manager in a North Carolina plant that grows out of diapers for adults. He recently joined the time for a video call from his home office in Cincinnati: He sketched P & G in response to the turmoil engulfing the country, the common interests in the field of new COVID-19 outbreaks, and talked about how he remains excited ( Note :. upstairs, downstairs running between meetings helps) clicking on the Subscribe brief guide here. (This interview with Procter & Gamble CEO David Taylor has condensed for clarity and processed). As you run through a mass organization of what the country is going now? It ‘important to connect as a personally meaningful and empathetic leaders with all employees. ‘Also a time to act. Too often on the shoulders of most of equality remains marginalized of the reporting burden. That simply will not work. The change we need is broad and deep, and requires all of us to be active as friends and colleagues, and as allies and lawyers. In particular, this P & G do internally? We have and will continue to build a diverse staff and leadership basis, reflecting consumers we serve and promote an inclusive culture, respectful, kind, and yes. We protect our business practices by a lens to see equality. We remain safe spaces for dialogue within P & G, we live our values ​​and demonstrate to create our humanity. And what you do outside the company? It ‘important that we strengthen to help the world in which we live. So P & G and its brands strengthen our ongoing efforts to tie to promote all people, and especially at this time, for American blacks, the face of racism and prejudice. We have provided the P & G “Take On Race” fund with an initial contribution of $5,000,000 for fuel aid organizations struggling for justice, economic opportunities to advance, improve access to education and health and make our communities more fairly. What do you communicate this week for your workforce? This is an important time for listening, empathy and action. I resorted to P & G people not only as a leader, but also as a concerned citizen, father and husband strengthen my continued personal commitment to equality and justice and to foster a greater P & G’s efforts in this area. We know that our success is based on the success of our employees, consumers and communities. All of them. Too often on the shoulders of most of equality remains marginalized of the reporting burden. That simply will not work. – David Taylor, CEO of Procter & Gamble for the pandemic shift, you have concerns about a second wave? If I want a little ‘more to the company, so as not to lay off if you do not have or know someone who has. Since this is a very contagious disease. And if you are out, just be aware that even if you are wearing no mask, the risk of infecting someone if you do, is asymptomatic real. I’m concerned when you see the things you see on TV. Many of just being locked out of frustration, can put your hand hat. And the risk is that we begin to get the rocker. We get better, then worse. Better, then worse. And certainly, for the health of all citizens, and all the people, I hope that people take very seriously. P & G has made millions of masks during a pandemic. What do you think about the actions of the President in terms of masks? What I’m saying is, I believe that executives need a model the desired behavior. Thus, when they are outside the supermarket, always a mask. P & G people, they realize that the role of important modeling because others watch what leaders do. And so, therefore, in our factories, our leaders plant should wear masks. It ‘important for all of us to recognize that people will look for other signs of what is the best behavior. I leave it at that. Let the problems of toilet paper off the road. On 12 March, he has raised sales of toilet paper by more than 700% over the previous year, the best selling product in the country for the day. Because the toilet paper? It goes back to a very simple thing, which is when the uncertainty before and are not sure if you have a business, think of each product in your home to be able to go, go, it would not be a problem. If you do not have certain things, there is a good alternative. But when it comes to the primary care of themselves, there are not many substitutes for toilet paper. What would you do without toilet paper for three or four days? So this has been an increase in demand, no supply problem? For the record, there is no shortage. Absolutely. The delivery was really good. The offer is on. It is largely over, but there was a short-term peak, where people are hoarding and start sourcing. If naked then all of a sudden get to buy the shelves a three-month supply. I understand that it is to produce a product surprisingly complex. We have our process that we have developed many years before, that you are the softness and strength you want in Charmin. It is a wet strength, so that he gets the job done, but it melts so that they can go down the toilet. And Bounty is a product that if it wet, and not falling apart. So it got the absorption, but does not fall apart when wet. So it is a different technology. It is equipped with high-speed and highly technical production. The technicians and managers who lead it are very, very smart. Has this experience your opinion on “just-in-time” inventory and how many upholstery needs to be installed changes in the system? Not big. Maybe I’ve seen with P & G 40 years and I have a couple of these more than four decades. So is the risk of return rotation large stocks is a lot of potential link and there is inefficiency for the entire system. Sign up short by clicking the command here. What you see make other products, strong demand? There is a long list of things. All that to do with personal or family security, we are at the top. We saw Mr. Clean doing well. Even things like sleeping pills, ZzzQuil because people are at home and there are tensions that. The category is growing faster than it was before. What about razors and razor blades and shaving cream? This category has been adversely affected. And it is because people when they are home, they usually do not shave. If you normally shave every day before going to work, you can say, I’ll do it every two or three days. What is your personal outlook for the economy? I am not an economist, but I think it will be a difficult time until you get to the vaccine believe. And even then, the vaccine or may not be, it is always effective. Of course, my hope is to recover faster. My belief is that there will be a rough time for a number of months, probably until you get in early ’21. Your plants are considered essential and are working at full capacity. As you work safely? For equipment we use and our distribution centers and our offices we have learned from our experience in China and Italy, at the beginning, when he was very poor, in these two places that we have to be very disciplined. If you come to the door, temperature controls. If there is some problem, to stay home and get checked out. If you do not feel well to stay home. If you are staying in a high-risk group and discomfort in the house. If you remain a co-morbidity, which makes you be worried at home, and we must take very good care plans and benefits of people. So, if you delete the temperature control, it is necessary to have a mask; We masks for our people in the plants. And then, if you have deleted the control of temperature and you have the masks, social distancing then we went around our building. China is the second largest market: Are you worried about US-China relations? Certainly. I think it would decouple the very poor US and for China and for the world, for the two largest economies and trading free and open. The rhetoric that we sometimes see is a lot. My hope is, and is not a perfect knowledge, my hope that thoughtful, go behind the scenes, a respectful dialogue and negotiation. I think that needs to change some of the things, like take over intellectual property rights. We have seen progress. And we believe that dialogue and negotiation are much better to decouple. Hunger is a problem, it’s a passion. Why can not the richest country in the world, our country, feed all its citizens? I spent eight years on the board of Feeding America. And it is one of the questions frankly, and one of the challenges that we put forward to the two lawmakers and businesses to say a number of other donors, we can do better together. I do not know the latest figures, but more than 15 million children are food insecure. There are a lot of foods that will not be collected, because there is no way to get them off the field for a hungry person. There is no economic model. And this is the kind of thing that Feeding America is working on addressing. There is a food system for all of us with money. It takes a food system to be that does not allow a certain period in a position for themselves, and this is what the food system that work Feeding America and the Food Banks. What was your first job at P & G? My career is atypical. I started as a film production manager in Greenville, North Carolina on one of our paper business. I worked there for five years. There was really strong career learning journey to work in a production environment, in turn. The third layer, nobody cares how far you have. They worry if you get back up that line. And it was just incredible, the chance to see the team would come together if you judged for what you can do. Not for what title you may have or what level you can have. What did make the plant? The brand was waiting, we no longer have, and it was for adult incontinence. So it was a big diaper. A mega Pampers, if you will. Diapers for adults. What is the least favorite part of your job CEO of proof? It ‘great meeting, many people and PowerPoint. And then people will have the feeling to share everything they know. I really do not care presented in a sack. I am not crazy to sit, evaluation, review, assessment. What I want to do is talk to people and added value where I can. The other thing that happens sometimes in large companies, there are a lot of filters. And really value when you go to a facility, or talk to a store, or an R & D center, with the person who is the consumer to the next or through the customer as opposed to something that has been filtered and too controlled for ‘alignment. Where you really feel an added value? What I do not believe in micromanaging. My job is not to manage it. E ‘to lead. There are two or three things that I consider most important, where I can add value, because the people who run the business to do a great job on the talent to be sure, we have the right people in a team, working together. And it is probably one of the things that most of energy in any place where I am in my career. I believe so much that if you have a diverse team with many different experiences and different nationalities, genders, and is of fundamental importance and to create the environment – the recording – which really make them feel as if they come themselves and tell the truth to power. And one of the reasons why I’ve been successful is not because I have the answers. I learned many years ago, I did not know the answer. I do not have to be right. I did the right thing. Many people try to be right. All you need is the right thing to ensure is done. And it is a powerful thing to believe that none of us is smarter than all of us. The second is a clear understandable strategy concentrated ,,. If you do not work well, it’s not that we do not have good people. E ‘for any reason, whether our strategy will not focus that instances of stuff that we had in our company, where we tried to pursue too many goals too many mouths, or we have a structure that inhibited people contribute creativity and ability. It ‘a powerful thing to believe that none of us is smarter than all of us. – you have chosen David Taylor, CEO of Procter & Gamble any lessons to be mentors? I would like to present for everything I got. For someone come in, often it is a big problem. Although it is to be fully present only David, it is still the CEO of P & G. And part of what you want to do. I learned from some of the great leaders I have worked in the past, how great I felt when I met with them. And that really seemed to have paid attention to me, and listened. They have a lot on your plate: Any tips of time management? I generally concentrate less on time management. I believe – and I learned from a course I went many years ago – in energy management. If you have the energy, you will make good use of your time. So that’s where you come in time to wake up every day. Drink a lot of water. And if you get bit ‘a bit’ tired during the day, particularly with jet lag, running up and down stairs, and you’re back. Whatever your pulse to the cognitive abilities continue to click will help. Running up and down the stairs between meetings? Oh yes, I’ll do this often. My office is on the 11th floor of the building. The cafe is located on the 5th floor. I did not use the elevator, I can not remember the last time, I go to lunch. The 6 stories run down, get your lunch. Run to 6 stories and was then scheduled for the afternoon. TAYLOR favorite business book: Predictably Irrational by Dan Ariely Author: David Baldacci. APP: Both the application and the device would be the Fitbit because they keep the way I help me (healthy). I have it on hand right now, and I make sure that I get my 10,000 steps. I almost always have my 70,000 by the end of the week. If I had to make a ton over the weekend, it is the way I think to be honest. Sign up short by clicking the command here.
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