Strategy

The effort is being led by Sophie Kelly, global category director of Tequila for Diageo, and the company’s new Global Breakthrough Innovation Team, a subsidiary within its current Innovation function that launched early this year, with the goal to shape innovation “beyond the development of new products.”

As part of its goal to build a single multi-category platform that combines its consumer brands and businesses, Henkel is streamlining supply chain operations, cutting back some areas to realize profits while doubling down on investments in other components of the supply chain.