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From Protein to Healthy Aging & Where Danone Sees Growth Next | CGF 2026 · Omni Talk Retail

• 0:00
  Hello,
• 0:00
  this
• 0:01
  is
• 0:01
  Omnitalk
• 0:01
  Retail.
• 0:02
  I'm
• 0:02
  Chris
• 0:02
  Walton
• 0:02
  and
• 0:02
  we
• 0:02
  are
• 0:03
  coming
• 0:03
  to
• 0:03
  you
• 0:03
  live
• 0:03
  once
• 0:04
  again
• 0:04
  from
• 0:04
  the
• 0:04
  Consumer
• 0:05
  Goods
• 0:05
  Forums
• 0:05
  Global
• 0:06
  Summit
• 0:06
  in
• 0:06
  Vienna,
• 0:07
  Austria.
• 0:07
  And
• 0:08
  we
• 0:08
  are
• 0:08
  of
• 0:08
  course
• 0:09
  also
• 0:09
  in
• 0:09
  the
• 0:10
  CGF
• 0:10
  Leadership
• 0:11
  Studio,
• 0:11
  which
• 0:12
  is
• 0:12
  sponsored
• 0:12
  by
• 0:12
  Vuzion.
• 0:13
  Now
• 0:13
  joining
• 0:14
  me
• 0:14
  is
• 0:14
  a
• 0:14
  man
• 0:14
  who
• 0:15
  we
• 0:15
  met
• 0:16
  last
• 0:16
  year
• 0:16
  at
• 0:16
  CGF
• 0:17
  for
• 0:17
  the
• 0:17
  very
• 0:17
  first
• 0:17
  time.
• 0:18
  Yes,
• 0:18
  it's
• 0:18
  great
• 0:19
  to
• 0:19
  have
• 0:19
  you
• 0:19
  back,
• 0:19
  Pablo.
• 0:20
  And
• 0:21
  of
• 0:21
  course
• 0:21
  I'm
• 0:21
  talking
• 0:21
  about
• 0:21
  Pablo
• 0:22
  Paversi,
• 0:22
  the
• 0:22
  president
• 0:23
  of
• 0:23
  EMEA
• 0:24
  at
• 0:24
  Danone.
• 0:25
  Great
• 0:25
  to
• 0:26
  see
• 0:26
  you.
• 0:26
  Great
• 0:26
  to
• 0:26
  see
• 0:26
  you.
• 0:27
  How
• 0:27
  you
• 0:27
  find
• 0:27
  the
• 0:27
  show
• 0:27
  so
• 0:28
  far?
• 0:28
  Hey,
• 0:28
  it's
• 0:29
  actually
• 0:29
  very
• 0:29
  interesting.
• 0:29
  I've
• 0:30
  seen
• 0:30
  a
• 0:30
  lot
• 0:30
  of
• 0:30
  different
• 0:31
  people,
• 0:32
  a
• 0:32
  lot
• 0:32
  of
• 0:32
  different
• 0:33
  customers
• 0:34
  and
• 0:34
  had
• 0:34
  a
• 0:35
  lot
• 0:35
  of
• 0:35
  very
• 0:35
  good
• 0:35
  meetings.
• 0:36
  Yeah,
• 0:36
  awesome,
• 0:37
  awesome.
• 0:37
  Well,
• 0:37
  I
• 0:38
  want
• 0:38
  to
• 0:38
  get
• 0:38
  into
• 0:38
  it
• 0:38
  because
• 0:38
  the
• 0:39
  theme
• 0:39
  of
• 0:39
  this
• 0:39
  conference
• 0:40
  is
• 0:40
  the
• 0:40
  Adaptive
• 0:41
  Edge.
• 0:42
  And
• 0:42
  you
• 0:42
  particularly
• 0:43
  have
• 0:43
  had
• 0:43
  to
• 0:43
  adapt
• 0:44
  quite
• 0:44
  a
• 0:44
  bit
• 0:44
  in
• 0:44
  the
• 0:45
  last
• 0:45
  few
• 0:45
  years
• 0:45
  because
• 0:46
  if
• 0:47
  memory
• 0:47
  serves
• 0:47
  me,
• 0:48
  your
• 0:48
  job
• 0:49
  responsibilities
• 0:49
  have
• 0:50
  grown
• 0:50
  significantly
• 0:51
  in
• 0:51
  the
• 0:51
  past
• 0:51
  year
• 0:52
  as
• 0:52
  well.
• 0:52
  Can
• 0:52
  you
• 0:52
  talk
• 0:53
  to
• 0:53
  us
• 0:53
  about
• 0:53
  that?
• 0:54
  Well,
• 0:55
  I've
• 0:55
  actually
• 0:55
  grown
• 0:55
  my
• 0:55
  job
• 0:56
  responsibilities
• 0:56
  not
• 0:57
  only
• 0:57
  within
• 0:57
  Danone,
• 0:58
  but
• 0:58
  outside
• 0:58
  of
• 0:59
  Danone
• 0:59
  as
• 0:59
  well.
• 0:59
  Right.
• 1:00
  I'm
• 1:00
  very
• 1:01
  honoured
• 1:01
  in
• 1:01
  Danone
• 1:02
  to
• 1:02
  actually
• 1:02
  need
• 1:02
  now
• 1:03
  the
• 1:03
  whole
• 1:03
  EMEA
• 1:03
  region
• 1:04
  and
• 1:04
  then
• 1:04
  outside
• 1:05
  to
• 1:06
  head
• 1:06
  the
• 1:06
  industry
• 1:07
  for
• 1:07
  food
• 1:07
  and
• 1:08
  beverages
• 1:08
  in
• 1:08
  the
• 1:08
  whole
• 1:09
  of
• 1:09
  Europe,
• 1:09
  which
• 1:10
  is
• 1:10
  the
• 1:10
  biggest
• 1:11
  industry
• 1:11
  of
• 1:11
  Europe
• 1:12
  and
• 1:12
  the
• 1:12
  biggest
• 1:12
  employer
• 1:13
  of
• 1:13
  the
• 1:13
  whole
• 1:13
  of
• 1:13
  Europe.
• 1:14
  Right.
• 1:14
  How
• 1:14
  do
• 1:14
  you
• 1:14
  balance
• 1:15
  all
• 1:15
  of
• 1:15
  that?
• 1:16
  What
• 1:16
  have
• 1:16
  you
• 1:16
  had
• 1:16
  to
• 1:16
  start
• 1:16
  doing
• 1:17
  differently?
• 1:17
  Or
• 1:17
  have
• 1:17
  you
• 1:17
  just.
• 1:18
  Or
• 1:18
  has
• 1:18
  it
• 1:18
  just
• 1:18
  come
• 1:19
  natural?
• 1:20
  No,
• 1:20
  no,
• 1:20
  it's
• 1:20
  a
• 1:20
  lot
• 1:20
  of
• 1:20
  work.
• 1:21
  Definitely
• 1:22
  a
• 1:22
  lot
• 1:22
  of
• 1:22
  work.
• 1:23
  And
• 1:23
  you
• 1:23
  can
• 1:23
  say
• 1:24
  that
• 1:24
  we
• 1:24
  are
• 1:24
  at
• 1:24
  a
• 1:24
  very
• 1:25
  pivoting
• 1:26
  time
• 1:26
  in
• 1:27
  the
• 1:27
  whole
• 1:27
  of
• 1:27
  the
• 1:27
  industry
• 1:28
  in
• 1:29
  Europe
• 1:29
  and
• 1:29
  in
• 1:29
  the
• 1:30
  whole
• 1:30
  world
• 1:30
  in
• 1:30
  many
• 1:30
  ways.
• 1:31
  We've
• 1:31
  had
• 1:31
  a
• 1:32
  number
• 1:32
  of
• 1:32
  different
• 1:32
  incidents
• 1:33
  in
• 1:33
  the
• 1:33
  region
• 1:33
  that
• 1:33
  have
• 1:34
  actually
• 1:34
  meant
• 1:34
  that
• 1:34
  we
• 1:35
  had
• 1:35
  to
• 1:35
  double
• 1:35
  up
• 1:36
  on
• 1:36
  the
• 1:36
  amount
• 1:36
  of
• 1:36
  work.
• 1:37
  Right.
• 1:37
  And
• 1:38
  now
• 1:38
  we
• 1:38
  continue
• 1:38
  the
• 1:39
  work
• 1:39
  as
• 1:39
  a
• 1:39
  result
• 1:39
  of
• 1:40
  the
• 1:40
  follow
• 1:40
  on
• 1:41
  from
• 1:41
  these
• 1:41
  incidents
• 1:42
  that
• 1:42
  have
• 1:42
  actually
• 1:42
  happened.
• 1:43
  So
• 1:44
  there's
• 1:44
  been
• 1:44
  a
• 1:44
  lot
• 1:44
  of
• 1:45
  work
• 1:45
  that
• 1:45
  we've
• 1:45
  had
• 1:45
  to
• 1:46
  do,
• 1:46
  there's
• 1:46
  been
• 1:46
  a
• 1:46
  lot
• 1:46
  of
• 1:47
  effort
• 1:47
  from
• 1:47
  all
• 1:47
  of
• 1:48
  our
• 1:48
  teams,
• 1:49
  but
• 1:49
  I
• 1:49
  have
• 1:49
  to
• 1:49
  say
• 1:49
  we've
• 1:50
  actually
• 1:50
  responded
• 1:50
  very,
• 1:51
  very
• 1:51
  well.
• 1:51
  Super
• 1:51
  proud
• 1:52
  of
• 1:52
  the
• 1:52
  teams
• 1:52
  and
• 1:53
  of
• 1:53
  everybody
• 1:53
  working
• 1:54
  to
• 1:55
  prepare
• 1:56
  us
• 1:56
  for
• 1:56
  the
• 1:56
  future.
• 1:56
  Yeah,
• 1:57
  it's
• 1:57
  great
• 1:57
  to
• 1:57
  hear.
• 1:57
  And
• 1:57
  I
• 1:57
  know
• 1:57
  resiliency
• 1:58
  and
• 1:58
  collaboration
• 1:59
  is
• 1:59
  just
• 1:59
  like
• 2:00
  part
• 2:00
  and
• 2:00
  parcel
• 2:01
  through
• 2:01
  this
• 2:01
  entire
• 2:01
  conference.
• 2:02
  It's
• 2:02
  just
• 2:03
  emanating
• 2:03
  through
• 2:03
  everyone
• 2:04
  I
• 2:04
  talk
• 2:04
  to
• 2:04
  here
• 2:04
  as
• 2:05
  well.
• 2:05
  So
• 2:05
  to
• 2:05
  that
• 2:06
  point,
• 2:06
  you
• 2:06
  know,
• 2:06
  one
• 2:06
  of
• 2:07
  those
• 2:07
  big
• 2:07
  changes
• 2:07
  impacting
• 2:08
  the
• 2:08
  industry
• 2:08
  is
• 2:08
  the
• 2:09
  GLP1
• 2:09
  phenomenon.
• 2:10
  Right.
• 2:10
  Now
• 2:11
  you
• 2:11
  guys,
• 2:11
  you
• 2:11
  all
• 2:12
  have
• 2:12
  had
• 2:12
  double
• 2:12
  digit
• 2:13
  growth
• 2:13
  throughout
• 2:13
  2025.
• 2:14
  So
• 2:14
  congratulations
• 2:15
  on
• 2:15
  that
• 2:15
  success.
• 2:16
  I'm
• 2:16
  curious
• 2:17
  how
• 2:17
  much
• 2:17
  of
• 2:17
  that
• 2:17
  success
• 2:18
  was
• 2:19
  driven
• 2:19
  by
• 2:20
  the
• 2:20
  GLP1
• 2:21
  phenomenon
• 2:21
  versus
• 2:22
  just
• 2:22
  actually
• 2:23
  the
• 2:24
  positioning
• 2:24
  of
• 2:24
  the
• 2:25
  products
• 2:25
  themselves
• 2:25
  at
• 2:26
  Danone.
• 2:28
  Well,
• 2:28
  as
• 2:29
  you
• 2:29
  know,
• 2:29
  GLP1
• 2:30
  is
• 2:30
  a
• 2:30
  protein.
• 2:30
  Everybody
• 2:31
  in
• 2:31
  the
• 2:31
  world
• 2:31
  actually
• 2:32
  has
• 2:32
  a
• 2:32
  protein.
• 2:33
  But
• 2:33
  the
• 2:33
  main
• 2:34
  reason
• 2:34
  why
• 2:34
  GLP1
• 2:35
  is
• 2:35
  in
• 2:36
  vogue
• 2:36
  right
• 2:36
  now
• 2:36
  is
• 2:36
  because
• 2:37
  somebody's
• 2:37
  invented
• 2:37
  a
• 2:38
  way
• 2:38
  of
• 2:38
  controlling
• 2:38
  the
• 2:39
  protein
• 2:39
  so
• 2:39
  that
• 2:39
  you
• 2:39
  can
• 2:39
  lose
• 2:40
  weight.
• 2:41
  And
• 2:41
  this
• 2:41
  is
• 2:42
  not
• 2:42
  new.
• 2:42
  Everybody
• 2:42
  has
• 2:43
  wanted
• 2:43
  to
• 2:43
  lose
• 2:43
  weight
• 2:44
  for
• 2:44
  many,
• 2:44
  many
• 2:44
  years
• 2:45
  actually.
• 2:46
  So
• 2:46
  yes,
• 2:46
  there
• 2:46
  is
• 2:46
  an
• 2:47
  effect
• 2:47
  coming
• 2:48
  on
• 2:48
  board
• 2:49
  in
• 2:49
  the
• 2:49
  way
• 2:49
  that
• 2:50
  diet
• 2:50
  has
• 2:50
  actually
• 2:51
  changed
• 2:51
  and
• 2:51
  nutrition
• 2:52
  is
• 2:52
  actually
• 2:52
  being
• 2:52
  seeked
• 2:54
  from
• 2:55
  the
• 2:55
  way
• 2:55
  that
• 2:55
  people
• 2:55
  are
• 2:56
  consuming
• 2:57
  the
• 2:57
  Ozempics
• 2:58
  and
• 2:58
  all
• 2:58
  of
• 2:59
  these
• 2:59
  new
• 2:59
  ways
• 3:00
  of
• 3:00
  taking
• 3:00
  GLP1
• 3:01
  into
• 3:01
  or
• 3:01
  controlling
• 3:02
  your
• 3:02
  GLP1
• 3:02
  in
• 3:02
  the
• 3:03
  body.
• 3:03
  Now,
• 3:05
  what
• 3:05
  has
• 3:05
  actually
• 3:06
  meant
• 3:06
  is
• 3:06
  that
• 3:06
  people
• 3:07
  have
• 3:07
  changed
• 3:07
  their
• 3:08
  diets
• 3:08
  as
• 3:08
  a
• 3:08
  result
• 3:09
  of
• 3:09
  not
• 3:10
  being
• 3:10
  hungry,
• 3:10
  okay?
• 3:11
  And
• 3:11
  what
• 3:11
  they
• 3:11
  need
• 3:12
  to
• 3:12
  eat
• 3:12
  is
• 3:12
  actually
• 3:13
  much
• 3:13
  more
• 3:13
  into
• 3:14
  protein,
• 3:14
  much
• 3:14
  less
• 3:15
  into
• 3:15
  fats.
• 3:15
  And
• 3:16
  therefore
• 3:16
  that
• 3:16
  changes
• 3:17
  completely
• 3:17
  the
• 3:17
  map
• 3:18
  of
• 3:18
  what
• 3:18
  they're
• 3:18
  ingesting.
• 3:19
  When
• 3:19
  you
• 3:20
  have
• 3:20
  a
• 3:20
  percentage
• 3:21
  of
• 3:21
  penetration
• 3:21
  of
• 3:22
  some
• 3:22
  of
• 3:22
  these
• 3:22
  drugs
• 3:23
  in
• 3:23
  the
• 3:24
  States,
• 3:24
  for
• 3:24
  example,
• 3:24
  which
• 3:25
  is
• 3:25
  14%,
• 3:26
  you
• 3:26
  do
• 3:26
  see
• 3:26
  the
• 3:26
  effect
• 3:27
  of
• 3:27
  that
• 3:27
  in
• 3:27
  the
• 3:27
  market.
• 3:28
  You
• 3:28
  do.
• 3:28
  But
• 3:29
  there's
• 3:29
  another
• 3:29
  effect.
• 3:29
  And
• 3:30
  our
• 3:30
  consumers
• 3:31
  are
• 3:31
  much,
• 3:32
  much
• 3:32
  better
• 3:32
  educated
• 3:33
  in
• 3:33
  terms
• 3:34
  of
• 3:34
  food
• 3:34
  and
• 3:34
  health.
• 3:35
  And
• 3:35
  health
• 3:36
  is
• 3:36
  becoming
• 3:37
  a
• 3:37
  driver
• 3:37
  of
• 3:38
  what
• 3:38
  people
• 3:38
  want
• 3:39
  for
• 3:39
  themselves.
• 3:40
  And
• 3:40
  they're
• 3:40
  making
• 3:40
  the
• 3:41
  choices
• 3:41
  on
• 3:42
  health,
• 3:42
  on
• 3:42
  longevity,
• 3:43
  on
• 3:43
  a
• 3:43
  number
• 3:44
  of
• 3:44
  different
• 3:44
  things
• 3:44
  that
• 3:44
  are
• 3:45
  actually
• 3:45
  marking
• 3:45
  some
• 3:46
  of
• 3:46
  the
• 3:47
  effects
• 3:47
  and
• 3:47
  volumes
• 3:48
  that
• 3:48
  you
• 3:48
  see
• 3:48
  growing
• 3:49
  in
• 3:49
  the
• 3:49
  market
• 3:49
  so
• 3:50
  drastically.
• 3:50
  That's
• 3:51
  interesting.
• 3:51
  That's
• 3:51
  the
• 3:51
  first
• 3:51
  time
• 3:51
  I've
• 3:52
  ever
• 3:52
  heard
• 3:52
  that.
• 3:52
  So
• 3:52
  the
• 3:52
  access
• 3:53
  to
• 3:53
  pharmaceuticals
• 3:54
  is
• 3:54
  actually
• 3:55
  spurring
• 3:55
  people
• 3:56
  to
• 3:56
  get
• 3:56
  more
• 3:56
  educated
• 3:57
  about
• 3:57
  their
• 3:58
  health
• 3:58
  and
• 3:58
  nutrition
• 3:58
  as
• 3:59
  well.
• 3:59
  I
• 3:59
  think
• 3:59
  it's
• 4:00
  both
• 4:00
  actually.
• 4:00
  I
• 4:00
  think
• 4:00
  people
• 4:01
  have
• 4:01
  actually
• 4:01
  been
• 4:01
  becoming
• 4:02
  much
• 4:03
  more
• 4:03
  educated
• 4:03
  with
• 4:04
  time.
• 4:04
  And
• 4:05
  that
• 4:05
  actually
• 4:05
  has
• 4:06
  also
• 4:06
  been
• 4:07
  topped
• 4:07
  off
• 4:07
  by
• 4:07
  the
• 4:08
  access
• 4:08
  to
• 4:08
  pharmaceuticals
• 4:09
  as
• 4:09
  well.
• 4:10
  Okay,
• 4:10
  interesting.
• 4:11
  Okay,
• 4:11
  got
• 4:11
  it.
• 4:13
  One
• 4:13
  other
• 4:14
  question
• 4:14
  I
• 4:14
  wanted
• 4:14
  to
• 4:14
  ask
• 4:14
  you,
• 4:14
  and
• 4:15
  I
• 4:15
  feel
• 4:15
  like
• 4:15
  I'm
• 4:15
  in
• 4:15
  a
• 4:15
  unique
• 4:16
  position
• 4:16
  to
• 4:16
  ask
• 4:16
  you.
• 4:16
  This
• 4:17
  is
• 4:17
  the
• 4:17
  B
• 4:18
  Corp
• 4:18
  certification.
• 4:19
  You
• 4:19
  know,
• 4:20
  it
• 4:20
  seems
• 4:20
  like
• 4:21
  that's
• 4:21
  been
• 4:21
  a
• 4:21
  trend
• 4:21
  by
• 4:21
  a
• 4:22
  lot
• 4:22
  of
• 4:22
  companies,
• 4:22
  particularly
• 4:23
  in
• 4:23
  the
• 4:23
  United
• 4:23
  States.
• 4:23
  I've
• 4:23
  seen
• 4:23
  a
• 4:23
  lot
• 4:24
  of
• 4:24
  companies
• 4:24
  tout
• 4:25
  themselves
• 4:25
  as
• 4:26
  B
• 4:26
  Corp's.
• 4:27
  How
• 4:27
  has
• 4:28
  that
• 4:28
  certification
• 4:29
  translated
• 4:30
  forbed
• 4:31
  unknown
• 4:31
  into
• 4:32
  like
• 4:32
  say,
• 4:32
  a
• 4:32
  competitive
• 4:33
  advantage?
• 4:33
  How
• 4:33
  do
• 4:33
  you
• 4:33
  think
• 4:34
  about
• 4:34
  the
• 4:34
  B
• 4:34
  Corp
• 4:35
  certification
• 4:36
  through
• 4:36
  that
• 4:36
  lens
• 4:36
  or
• 4:36
  is
• 4:37
  that
• 4:37
  even
• 4:37
  the
• 4:37
  right
• 4:37
  lens
• 4:37
  to
• 4:38
  think
• 4:38
  about
• 4:38
  it?
• 4:38
  Well,
• 4:39
  I
• 4:39
  think
• 4:39
  what
• 4:39
  you
• 4:40
  need
• 4:40
  to
• 4:40
  understand
• 4:40
  Is
• 4:41
  that
• 4:41
  today
• 4:41
  people
• 4:42
  actually
• 4:42
  want
• 4:42
  products
• 4:43
  that
• 4:43
  are
• 4:43
  sustainable
• 4:44
  in
• 4:44
  nature.
• 4:44
  Yeah.
• 4:45
  And
• 4:46
  in
• 4:46
  order
• 4:46
  to
• 4:46
  actually
• 4:47
  have
• 4:47
  that,
• 4:47
  you
• 4:48
  need
• 4:48
  to
• 4:48
  be
• 4:48
  able
• 4:48
  to
• 4:49
  do
• 4:49
  a
• 4:49
  certain
• 4:49
  number
• 4:50
  of
• 4:50
  things
• 4:51
  that
• 4:51
  are
• 4:51
  also
• 4:51
  involved
• 4:52
  in
• 4:52
  B
• 4:52
  Corp.
• 4:52
  And
• 4:52
  B
• 4:53
  Corp
• 4:53
  in
• 4:53
  itself
• 4:53
  is
• 4:53
  a
• 4:54
  brand
• 4:54
  which
• 4:55
  facing
• 4:55
  the
• 4:55
  consumers
• 4:56
  is
• 4:56
  actually
• 4:56
  saying
• 4:56
  to
• 4:57
  the
• 4:57
  consumers,
• 4:57
  this
• 4:57
  company
• 4:58
  is
• 4:58
  doing
• 4:58
  the
• 4:58
  right
• 4:58
  thing
• 4:59
  and
• 4:59
  these
• 4:59
  products
• 5:00
  are
• 5:00
  embodying
• 5:01
  what
• 5:01
  you're
• 5:01
  actually
• 5:02
  doing
• 5:02
  and
• 5:02
  what
• 5:02
  you
• 5:03
  would
• 5:03
  want
• 5:03
  for
• 5:03
  the
• 5:03
  future.
• 5:04
  That
• 5:04
  doesn't
• 5:05
  mean
• 5:05
  that
• 5:05
  we
• 5:05
  don't
• 5:05
  have
• 5:05
  a
• 5:05
  business
• 5:06
  case
• 5:06
  for
• 5:06
  it.
• 5:06
  Right.
• 5:07
  It
• 5:07
  just
• 5:07
  helps
• 5:08
  differentiate
• 5:09
  and
• 5:09
  talk
• 5:09
  about
• 5:09
  the
• 5:10
  way
• 5:10
  in
• 5:10
  which
• 5:10
  we
• 5:10
  do
• 5:11
  sustainability.
• 5:11
  So
• 5:12
  we're
• 5:12
  very
• 5:12
  proud
• 5:12
  that
• 5:12
  we
• 5:12
  can
• 5:13
  actually
• 5:13
  adhere
• 5:13
  to
• 5:13
  B
• 5:13
  Corp.
• 5:14
  And
• 5:14
  at
• 5:15
  the
• 5:15
  same
• 5:15
  time
• 5:15
  differentiate
• 5:16
  in
• 5:16
  our
• 5:16
  products
• 5:17
  through
• 5:17
  B
• 5:17
  Corp.
• 5:18
  And
• 5:18
  at
• 5:19
  the
• 5:19
  same
• 5:19
  time,
• 5:19
  it
• 5:19
  is
• 5:20
  a
• 5:20
  magnet
• 5:20
  for
• 5:20
  talent
• 5:21
  in
• 5:21
  our
• 5:21
  company.
• 5:21
  The
• 5:22
  fact
• 5:22
  that
• 5:22
  you
• 5:22
  are
• 5:22
  B
• 5:22
  Corp.
• 5:23
  Certified
• 5:23
  means
• 5:24
  that
• 5:24
  a
• 5:24
  lot
• 5:24
  of
• 5:24
  people
• 5:24
  want
• 5:24
  to
• 5:25
  come
• 5:25
  and
• 5:25
  work
• 5:25
  with
• 5:25
  you.
• 5:26
  Yeah.
• 5:26
  Because
• 5:26
  you're
• 5:26
  standing
• 5:27
  behind
• 5:27
  what
• 5:27
  it
• 5:27
  is
• 5:27
  that
• 5:28
  you
• 5:28
  believe
• 5:28
  in.
• 5:28
  Right.
• 5:28
  So.
• 5:29
  All
• 5:30
  right.
• 5:30
  Well,
• 5:30
  I
• 5:30
  know
• 5:30
  we
• 5:30
  only
• 5:30
  have
• 5:31
  you
• 5:31
  for
• 5:31
  a
• 5:31
  quick
• 5:31
  amount
• 5:31
  of
• 5:31
  time,
• 5:32
  and
• 5:32
  I
• 5:32
  appreciate
• 5:32
  any
• 5:33
  time
• 5:33
  you
• 5:33
  can
• 5:33
  give
• 5:33
  us
• 5:33
  at
• 5:33
  this
• 5:34
  conference.
• 5:34
  So
• 5:34
  thank
• 5:34
  you.
• 5:35
  And
• 5:35
  it's
• 5:35
  always
• 5:35
  great
• 5:35
  to
• 5:35
  connect
• 5:36
  with
• 5:36
  you
• 5:36
  each
• 5:36
  and
• 5:36
  every
• 5:36
  year.
• 5:37
  So
• 5:37
  I'm
• 5:37
  going
• 5:37
  to
• 5:37
  get
• 5:37
  you
• 5:37
  out
• 5:37
  of
• 5:37
  here
• 5:38
  on
• 5:38
  this.
• 5:38
  Where
• 5:39
  do
• 5:39
  you
• 5:39
  expect,
• 5:39
  you
• 5:39
  know,
• 5:40
  over
• 5:40
  the
• 5:40
  next
• 5:40
  decade
• 5:41
  that
• 5:41
  the
• 5:41
  growth
• 5:42
  will
• 5:43
  come
• 5:43
  from
• 5:43
  for
• 5:43
  Danone?
• 5:46
  I
• 5:46
  think
• 5:46
  what
• 5:46
  we've
• 5:46
  learned
• 5:47
  this
• 5:47
  year
• 5:47
  and
• 5:47
  in
• 5:48
  the
• 5:48
  previous
• 5:48
  two
• 5:49
  years
• 5:49
  is
• 5:49
  that
• 5:49
  we've
• 5:50
  been
• 5:50
  starting
• 5:51
  to
• 5:51
  lead
• 5:51
  the
• 5:51
  market
• 5:52
  on
• 5:52
  many,
• 5:52
  many
• 5:52
  different
• 5:53
  moves.
• 5:53
  The
• 5:54
  protein
• 5:54
  move
• 5:54
  has
• 5:55
  actually
• 5:55
  become
• 5:55
  a
• 5:56
  very
• 5:56
  big
• 5:56
  move,
• 5:57
  and
• 5:57
  the
• 5:57
  world
• 5:58
  of
• 5:58
  protein
• 5:58
  is
• 5:59
  growing
• 5:59
  in
• 5:59
  lots
• 6:00
  of
• 6:00
  different
• 6:00
  ways.
• 6:00
  But
• 6:00
  it's
• 6:01
  very,
• 6:01
  very
• 6:01
  clear
• 6:01
  that
• 6:02
  that
• 6:03
  is
• 6:03
  actually
• 6:03
  being
• 6:03
  impulsed
• 6:04
  by
• 6:05
  us.
• 6:05
  We're
• 6:05
  one
• 6:06
  of
• 6:06
  the
• 6:06
  biggest.
• 6:07
  One
• 6:07
  of
• 6:07
  the
• 6:07
  biggest
• 6:08
  investors
• 6:08
  in
• 6:09
  protein,
• 6:09
  in
• 6:09
  advertising
• 6:10
  and
• 6:10
  all
• 6:10
  the
• 6:10
  rest
• 6:11
  of
• 6:11
  it.
• 6:11
  And
• 6:11
  as
• 6:12
  a
• 6:12
  result
• 6:12
  of
• 6:12
  that,
• 6:12
  that
• 6:13
  is
• 6:13
  moving
• 6:13
  across
• 6:13
  many
• 6:14
  different
• 6:14
  categories
• 6:15
  in
• 6:15
  a
• 6:15
  way
• 6:16
  that
• 6:16
  we
• 6:16
  actually
• 6:17
  haven't
• 6:17
  experienced
• 6:17
  before
• 6:18
  in
• 6:18
  the
• 6:18
  food
• 6:18
  industry.
• 6:19
  This
• 6:19
  will
• 6:19
  continue
• 6:20
  into
• 6:20
  the
• 6:20
  future.
• 6:21
  Gut
• 6:21
  health
• 6:22
  is
• 6:22
  another
• 6:22
  area
• 6:22
  where
• 6:23
  we
• 6:23
  are
• 6:23
  starting
• 6:23
  to
• 6:23
  see
• 6:24
  a
• 6:24
  lot
• 6:24
  of
• 6:24
  movement
• 6:25
  because
• 6:25
  people
• 6:25
  are
• 6:26
  starting
• 6:26
  to
• 6:26
  educate
• 6:27
  themselves
• 6:27
  on
• 6:27
  gut
• 6:27
  health,
• 6:28
  understand
• 6:29
  that
• 6:29
  the
• 6:29
  immunity
• 6:30
  system
• 6:30
  works
• 6:31
  on
• 6:31
  healthy
• 6:31
  guts,
• 6:32
  that
• 6:32
  the
• 6:33
  colon
• 6:33
  cancer
• 6:34
  comes
• 6:34
  from
• 6:34
  unhealthy
• 6:35
  guts.
• 6:36
  And
• 6:36
  a
• 6:36
  lot
• 6:36
  of
• 6:37
  different
• 6:37
  effects
• 6:37
  in
• 6:37
  your
• 6:38
  body
• 6:38
  are
• 6:38
  because
• 6:39
  of
• 6:39
  what
• 6:39
  you
• 6:39
  eat
• 6:39
  and
• 6:40
  how
• 6:40
  your
• 6:40
  gut
• 6:40
  health
• 6:41
  is
• 6:42
  and
• 6:42
  understanding
• 6:43
  how
• 6:43
  you
• 6:43
  can
• 6:44
  actually
• 6:45
  make
• 6:45
  better
• 6:45
  products.
• 6:46
  The
• 6:46
  acquisitions
• 6:47
  that
• 6:47
  we've
• 6:47
  actually
• 6:48
  done
• 6:48
  of
• 6:48
  Akkermansia,
• 6:49
  all
• 6:49
  these
• 6:50
  different
• 6:50
  elements
• 6:50
  that
• 6:51
  we're
• 6:51
  starting
• 6:51
  to
• 6:51
  put
• 6:52
  together
• 6:53
  mean
• 6:53
  that
• 6:53
  we
• 6:53
  are
• 6:54
  really
• 6:54
  investing
• 6:55
  into
• 6:55
  the
• 6:56
  future
• 6:56
  of
• 6:56
  gut
• 6:56
  health
• 6:57
  in
• 6:57
  a
• 6:57
  way
• 6:57
  that
• 6:57
  can
• 6:57
  be
• 6:58
  really
• 6:58
  exciting
• 6:58
  and
• 6:59
  we
• 6:59
  can
• 6:59
  help
• 6:59
  educate
• 7:00
  people
• 7:00
  so
• 7:00
  that
• 7:00
  they
• 7:01
  can
• 7:01
  actually
• 7:01
  benefit
• 7:02
  from
• 7:02
  many
• 7:02
  of
• 7:03
  these
• 7:03
  things.
• 7:04
  And
• 7:04
  last
• 7:04
  but
• 7:04
  not
• 7:04
  least,
• 7:05
  if
• 7:05
  you
• 7:05
  actually
• 7:05
  look
• 7:05
  at
• 7:05
  our
• 7:06
  medical
• 7:06
  nutrition,
• 7:07
  hey,
• 7:07
  the
• 7:08
  population
• 7:08
  is
• 7:08
  aging.
• 7:09
  Conditions
• 7:09
  of
• 7:09
  aging
• 7:10
  are
• 7:10
  growing.
• 7:11
  And
• 7:11
  as
• 7:11
  a
• 7:12
  result
• 7:12
  of
• 7:12
  that,
• 7:12
  we
• 7:13
  still
• 7:13
  need
• 7:13
  in
• 7:13
  the
• 7:14
  world
• 7:14
  things
• 7:14
  that
• 7:14
  will
• 7:15
  help
• 7:15
  us
• 7:15
  with
• 7:15
  this
• 7:16
  aging
• 7:16
  conditions
• 7:17
  and
• 7:17
  at
• 7:18
  the
• 7:18
  same
• 7:18
  time
• 7:19
  not
• 7:19
  make
• 7:19
  it
• 7:19
  much
• 7:19
  more
• 7:20
  expensive
• 7:20
  for
• 7:20
  governments
• 7:21
  to
• 7:21
  have
• 7:21
  to
• 7:21
  pay,
• 7:23
  because
• 7:23
  otherwise
• 7:23
  the
• 7:24
  health
• 7:24
  services
• 7:24
  in
• 7:25
  different
• 7:25
  governments
• 7:26
  actually
• 7:27
  do
• 7:27
  not
• 7:27
  have
• 7:27
  the
• 7:27
  capability
• 7:28
  to
• 7:28
  continue
• 7:29
  going
• 7:29
  up
• 7:29
  in
• 7:29
  cost.
• 7:30
  So
• 7:30
  we
• 7:30
  actually
• 7:30
  are
• 7:30
  helping
• 7:31
  many
• 7:31
  of
• 7:32
  the
• 7:32
  people
• 7:33
  reduce
• 7:33
  the
• 7:33
  time
• 7:33
  in
• 7:34
  the
• 7:34
  hospitals,
• 7:34
  and
• 7:34
  this
• 7:35
  actually
• 7:35
  reduces
• 7:35
  the
• 7:35
  cost
• 7:36
  for
• 7:36
  the
• 7:36
  governments
• 7:36
  as
• 7:37
  well.
• 7:37
  Right.
• 7:37
  Wow.
• 7:37
  Okay,
• 7:38
  got
• 7:38
  it.
• 7:38
  So.
• 7:38
  So
• 7:39
  really
• 7:39
  the
• 7:39
  key
• 7:39
  there
• 7:39
  being
• 7:40
  protein,
• 7:41
  gut
• 7:42
  health,
• 7:42
  and
• 7:42
  then
• 7:43
  also
• 7:43
  making
• 7:43
  sure
• 7:43
  that
• 7:44
  you're
• 7:44
  thinking
• 7:44
  about
• 7:44
  how
• 7:45
  the
• 7:45
  overall,
• 7:46
  overall
• 7:47
  globe
• 7:47
  really
• 7:47
  is
• 7:48
  aging
• 7:48
  and
• 7:49
  providing
• 7:49
  what
• 7:49
  they
• 7:49
  need
• 7:50
  in
• 7:50
  regards
• 7:50
  to
• 7:51
  that
• 7:51
  aging.
• 7:51
  Absolutely.
• 7:52
  Nice,
• 7:53
  Nice.
• 7:53
  Well
• 7:53
  done.
• 7:53
  Well
• 7:53
  said.
• 7:54
  All
• 7:54
  right.
• 7:54
  Healthy
• 7:55
  aging
• 7:55
  will
• 7:56
  be
• 7:56
  something
• 7:56
  for
• 7:56
  us
• 7:57
  very
• 7:57
  soon.
• 7:57
  Oh,
• 7:57
  I'm
• 7:58
  already
• 7:58
  there,
• 7:58
  man.
• 7:58
  I'm
• 7:58
  already
• 7:59
  there.
• 7:59
  Yeah,
• 8:00
  you're
• 8:00
  holding
• 8:00
  on.
• 8:01
  Mine's
• 8:02
  long
• 8:02
  gone,
• 8:02
  my
• 8:03
  friend.
• 8:03
  Long
• 8:03
  gone.
• 8:04
  But
• 8:04
  hey,
• 8:04
  it's
• 8:04
  great
• 8:04
  to
• 8:05
  see
• 8:05
  you
• 8:05
  again.
• 8:05
  Great
• 8:06
  to
• 8:06
  see
• 8:06
  you.
• 8:06
  Great
• 8:06
  to
• 8:06
  see
• 8:06
  you.
• 8:06
  Yeah.
• 8:07
  Hopefully
• 8:07
  we'll
• 8:07
  do
• 8:07
  this
• 8:07
  again
• 8:07
  next
• 8:08
  year.
• 8:08
  And
• 8:08
  again,
• 8:09
  Pablo,
• 8:10
  Pablo
• 8:10
  of
• 8:10
  Danone,
• 8:11
  thanks
• 8:11
  for
• 8:11
  spending
• 8:12
  time
• 8:12
  with
• 8:12
  us.
• 8:12
  And
• 8:12
  thanks
• 8:13
  to
• 8:13
  Vuzion
• 8:13
  and
• 8:14
  CGF
• 8:14
  for
• 8:15
  allowing
• 8:15
  us
• 8:15
  to
• 8:15
  interview
• 8:15
  folks
• 8:16
  like
• 8:16
  Pablo.
• 8:17
  And
• 8:17
  as
• 8:17
  always,
• 8:18
  be
• 8:18
  careful
• 8:18
  out
• 8:19
  there.