Core Viewpoint - Procter & Gamble (P&G) is shifting its growth strategy from external acquisitions to internal development, with a focus on the Chinese market and artificial intelligence (AI) as key pillars for future growth [6][18][23]. Group 1: Leadership Transition - Jon Moeller will officially hand over the CEO position to Shailesh Jejurikar on January 1, 2026, marking the fifth CEO change in two decades for P&G [6][8]. - The leadership transition occurs at a time when the company is re-evaluating its growth strategies amid a challenging consumer environment [6][16]. Group 2: Strategic Focus - P&G's CFO, Andre Schulten, emphasized that the company is confident in its growth trajectory, particularly in the unique Chinese market, despite facing challenges such as consumer confidence and retail structural changes [6][8]. - The company has undergone a significant market restructuring in China, described as a "complete self-revolution," which includes redefining its business model and optimizing its distribution network [7][8]. Group 3: Financial Performance - P&G's net sales increased from $76.1 billion in fiscal year 2021 to $84.3 billion in fiscal year 2025, marking five consecutive years of growth [8][9]. - Organic sales in the Chinese market grew by 5% year-over-year, with a positive trend observed over multiple quarters [8][9]. Group 4: Brand Management and Innovation - Approximately 60% of P&G's net sales in China are now classified as "excellent," indicating significant room for improvement in the remaining 40% [10]. - P&G has launched several innovative products in China, such as the new SK-II and Olay lines, which have seen substantial online growth [12][14]. Group 5: AI and Digital Transformation - P&G is implementing a "Supply Chain 3.0" initiative aimed at achieving fully automated manufacturing operations, with AI playing a crucial role in this transformation [18][19]. - The company is also focusing on integrating AI across various functions, including logistics, demand forecasting, and product development, to enhance operational efficiency [19][20]. Group 6: Future Growth Strategy - P&G's growth strategy is evolving to rely less on large-scale acquisitions and more on optimizing its existing portfolio and improving operational efficiency [23][26]. - The ongoing restructuring plan initiated in June 2023 aims to redefine growth sources and enhance capabilities across investment portfolio optimization, supply chain improvements, and organizational design [26][28].