Virat Kohli and Dawud Ibrahim very interesting names but do you know there's something common between them it's a bit of a trick question but you know both of them have some connection with cricket one of them a little more more notorious than the other but both of them for The purpose of this talk today are people brands and have lessons for all of us. Let me reveal how. Before that, let me tell you I've been working with product brands for the last 18 years and about 3 years back I had three fundamental d ...

Financial Data and Key Metrics Changes - The company expects to deliver about 70% more productivity in the second half of the year compared to the first half, with a focus on optimizing cost structures across all business segments [12][14][36] - The North America market integration is anticipated to create significant efficiency and cost reduction opportunities, leveraging technology and data investments [10][11] Business Line Data and Key Metrics Changes - The food business is focusing on stabilizing the category and improving competitiveness within subsegments, with successful initiatives in brands like Cheetos and Doritos [20][21] - The away-from-home business is highlighted as a growth area, with high single-digit growth reported in the beverage segment [26][28] Market Data and Key Metrics Changes - International business is performing well, with mid-single-digit growth expected to continue, particularly in LATAM and parts of Europe, while China shows some weakness [49][50] - The company is seeing strong performance in no-sugar colas and energy drinks, with a focus on expanding these categories globally [74][75] Company Strategy and Development Direction - The company is investing in technology and innovation to enhance productivity and drive growth, particularly in the away-from-home segment [36][37] - There is a strategic focus on permissible snacks and healthier offerings, with a goal to increase market share in these categories [41][58] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in returning to the low end of the long-term growth algorithm, driven by sustained international growth and improvements in North America [54][56] - The company acknowledges challenges in the external environment but remains optimistic about productivity initiatives and market positioning [34][35] Other Important Information - The company is actively working on portfolio transformation, particularly in the permissible snacks category, which has grown to over $2 billion [41][42] - There is a commitment to eliminating artificial ingredients across both food and beverage segments, aligning with consumer preferences for cleaner labels [82] Q&A Session Summary Question: Insights on productivity initiatives and asset footprint - Management discussed multi-year productivity strategies, emphasizing technology investments and cost structure optimization across all business lines [9][10][12] Question: Key initiatives for North America top line improvement - The focus is on stabilizing the food category and improving competitiveness, with specific brand relaunches planned for Lay's and Tostitos [20][21][22] Question: Growth potential of the away-from-home business - Away-from-home is a significant growth opportunity, with higher margins compared to retail, and the company plans to invest more resources in this channel [28][29] Question: Visibility on full-year earnings and reinvestment strategy - Management expressed high confidence in productivity acceleration and outlined plans for reinvestment in technology and value initiatives [34][36] Question: Drivers of international beverage success - The beverage segment is performing well due to strong platforms in no-sugar colas and energy drinks, with a focus on leveraging partnerships and distribution [74][75] Question: Evolution of cleaner ingredients in beverages - The company is committed to following consumer trends towards natural ingredients and is actively working on eliminating artificial components from its products [82] Question: Satisfaction with energy drink strategy - Management sees energy drinks as a growing category and is participating through ownership and distribution strategies, with plans for future innovations [88]