Procter & Gamble CEO Jon Moeller discusses company innovation, their drive toward sustainability, and his experience navigating supply chain disruptions.
On strategies to expand their product lines and grow their consumer base: “I think in general for business, when you can create new opportunities and create new sources of delight for consumers and clients, good things happen. And when all you’re doing is trying to punch your competitor in the nose, not-so-good things happen.”
On open sourcing innovation to drive greater sustainability: “There are three pillars of innovation as it relates to sustainability. One is reducing our demand for carbon, electricity, cardboard, you name it. The second is enabling consumers to improve their footprint … The third area of innovation, which I think is very, very exciting but requires new ways of thinking, is how we create technologies that can be utilized across industries to totally change the game .. And for 180 years plus, we’ve focused our innovation efforts on proprietary and exclusive, arms closed, protecting. On these technologies, where it’s open source open arms, we’ve signed up partners … who will industrialize these technologies. And they’ll be available for any industry, including our competitors.”
This episode was recorded on March 7, 2022