
Hosted by Bob Safian
Written by a model from the transcript; not yet reviewed.
This episode of Masters of Scale features Bob Safian interviewing Kirk Tanner, CEO of the Hershey Company, about managing a legacy brand through modern challenges like cocoa inflation, changing consumer habits, and GLP-1 weight-loss drugs. Tanner explains how Hershey prepares for Halloween, known as the candy Super Bowl, and discusses the integration of AI tools within their sales force to drive efficiency. The conversation also covers the company's unique ownership structure under a charitable trust, the launch of permissible snacking portfolios like Skinny Pop and Dots Pretzels, and the importance of maintaining cultural relevance to ensure longevity across generations.
The episode opens with a brief ad pitch for LinkedIn Ads, highlighting ROI and targeting capabilities.
Tanner describes how AI tools and the One Hershey framework streamline sales, data, and customer engagement.
Bob Safian introduces Rapid Response and discusses the value of business travel, especially for remote teams.
Bob welcomes Hershey CEO Kirk Tanner, setting the stage for a discussion on Halloween candy and GLP‑1s.
Tanner explains how Halloween drives sales and the importance of early season planning and consumer insights.
Tanner highlights recent product launches like Reese’s Oreo and Hershey Creme Bars, emphasizing innovation for growth.
Tanner discusses the company’s heritage, the upcoming Milton Hershey film, and the need to stay culturally relevant.
Tanner explains Hershey’s unique trust‑based ownership and how it shapes strategic decisions and performance.
Bob and Kirk recap key themes: relevance, speed, customer focus, and the ongoing need to adapt.
AI in Retail Salesstrategy
The guest explains how AI tools direct sales teams to specific retail locations and actionable in-store steps.
A guest shares that for every dollar spent on travel in the SMB space, there is twelve dollars in associated revenue.
The Candy Super Bowlinsight
The guest discusses Halloween as Hershey's primary sales season and market share driver.
GLP-1 User Resilienceinsight
The guest notes that the candy category has remained resilient among GLP-1 users who prefer portion control over complete avoidance.
The guest points out that while the premium segment is small, it is growing three times faster than the rest of the category.
Partnership with Trustinsight
The guest describes having a charitable trust as the majority shareholder as an advantage that avoids activist pressure.
Implementing One Hersheystrategy
The guest explains the consolidation of disparate business units into a unified approach for major retail partners.
“The second you're not culturally relevant with your brands like Hershey, then you should be worried.”
“We have market share leadership, and we are always hungry for more. We go to school on what happened last year, what's happening in this year, what consumers are looking for.”
“The Hershey Creme Bars, Cadbury as well, our Brookside business. Again, premium is relatively small in the scale of things, but it's important for the growth.”
“You have a real down to earth, heart to heart conversation about choices consumers make.”
The second a brand like Hershey stops being culturally relevant, says its CEO Kirk Tanner, you should be worried. He joins Rapid Response to explain exactly what he's doing to make sure that never happens. Tanner also reveals why GLP-1 users are actually good for the candy business, how AI is now routing Hershey's sales force in real time through Target and Walmart, and why the Reese's Oreo collaboration (which generated $100 million in its first five months) is the model for how iconic brands find new energy. And with a major Hollywood film about Milton Hershey coming this fall, he talks about whether this is Hershey's Barbie moment. Visit the Rapid Response website here: https://www.rapidresponseshow.com/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
4,908 words · 8 speakers
Speaker names marked are inferred from speaking time and the show’s known hosts — they are not voice-verified.
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