CPG Brands’ Tipping Point

“There are tectonic shifts happening in the consumer and retail space that [are] causing a tipping point to occur,” says global retail executive Craig Herkert. As overall sales of consumer packaged goods firms have declined in recent years, pioneering CPG startups and private label brands at discounted stores (e.g., Trader Joe’s) have seen tremendous success. Former CEO of Americas at Wal-Mart International, Craig Herkert, sits down with GLG to discuss the current landscape of CPG brands, innovations in grocery delivery, and the digital platforms shaping the supermarkets of tomorrow.

Craig Herkert is a widely-respected authority on consumer packaged goods, the U.S. and Latin American grocery industry, and the current trends driving the consumer and retail space. He most recently served as CEO of SUPERVALU, the second largest food retailer in the U.S. Prior to that, he was the CEO of Americas at Wal-Mart International and served on the Executive Committee at Wal-Mart Stores Inc. Before joining Wal-Mart, Herkert spent 23 years at Albertsons serving in a handful of different positions. Since 2012, Herkert has been an independent consultant in the grocery and CPG industries.

Craig Herkert currently serves as an Advisor on the GLG Institute, a community of executives accelerating their careers through mentorship.