WEBVTT 00:00:00.000 --> 00:00:01.980 - When you think about 7-Eleven, 00:00:01.980 --> 00:00:03.510 it would be great if you could describe 00:00:03.510 --> 00:00:05.610 your business's approach to innovation. 00:00:05.610 --> 00:00:08.550 - We were a traditional convenience retailer 00:00:08.550 --> 00:00:10.740 that is now pivoting to having food 00:00:10.740 --> 00:00:12.330 at the heart of our business. 00:00:12.330 --> 00:00:15.150 And so a lot of our innovation comes through product 00:00:15.150 --> 00:00:16.650 and making sure that we've got 00:00:16.650 --> 00:00:18.870 the right product range for our customers, 00:00:18.870 --> 00:00:21.090 but then also how do we bring that to life 00:00:21.090 --> 00:00:24.570 in an omnichannel way that is right for a convenience store 00:00:24.570 --> 00:00:27.570 and enhancing our customers' experience. 00:00:27.570 --> 00:00:31.110 And then also how do we build operational excellence 00:00:31.110 --> 00:00:34.380 through technology so that 7-Eleven 00:00:34.380 --> 00:00:37.740 becomes such a fantastic place to work for our team members, 00:00:37.740 --> 00:00:40.890 but also for our thousands of franchisees. 00:00:40.890 --> 00:00:42.900 - What are some of the challenges that you face 00:00:42.900 --> 00:00:44.700 with keeping up with that pace of change? 00:00:44.700 --> 00:00:47.040 - One of the biggest challenges is around talent 00:00:47.040 --> 00:00:48.330 and having the right skills 00:00:48.330 --> 00:00:51.393 and the right capabilities in our business. 00:00:52.350 --> 00:00:54.600 And the way that we overcome that 00:00:54.600 --> 00:00:58.140 is by external partnerships, 00:00:58.140 --> 00:00:59.520 and that is really critical. 00:00:59.520 --> 00:01:02.820 To your point, it's innovation changes so fast, 00:01:02.820 --> 00:01:04.410 disruption comes so fast. 00:01:04.410 --> 00:01:06.480 And so the only way that we can continue 00:01:06.480 --> 00:01:09.180 to stay abreast of those changes 00:01:09.180 --> 00:01:11.250 is to have critical partnerships. 00:01:11.250 --> 00:01:13.890 The second one is getting the teams 00:01:13.890 --> 00:01:15.630 to recognize the need to change. 00:01:15.630 --> 00:01:17.130 - When it comes to innovation, 00:01:17.130 --> 00:01:19.440 as we look two, three years ahead, 00:01:19.440 --> 00:01:22.413 what is it that excites you most about the space? 00:01:23.340 --> 00:01:25.380 - I think omnichannel for sure 00:01:25.380 --> 00:01:27.391 is going to become very much the norm 00:01:27.391 --> 00:01:29.280 and particularly in Asia, we're seeing 00:01:29.280 --> 00:01:32.250 the rise of social commerce especially 00:01:32.250 --> 00:01:34.530 and how do we continue to leverage that 00:01:34.530 --> 00:01:37.410 for us in the convenience space. 00:01:37.410 --> 00:01:39.870 And then the other piece is personalization, 00:01:39.870 --> 00:01:41.250 and very closely linked to that, 00:01:41.250 --> 00:01:45.870 how do we leverage the huge data sources that we've got 00:01:45.870 --> 00:01:48.810 to give our customers a personalized experience 00:01:48.810 --> 00:01:50.850 and make sure that what they're seeing 00:01:50.850 --> 00:01:52.440 is very relevant to them, 00:01:52.440 --> 00:01:55.290 whether that's in store, whether that's online. 00:01:55.290 --> 00:01:58.710 So, they are the two things that make me really excited 00:01:58.710 --> 00:02:00.534 about the next two to three years. 00:02:00.534 --> 00:02:03.117 (gentle music)