Page 17 - Honeywell Annual Report 2021 comm 10 09 v17a.cdr

Managing Director’s Q&A Cont’d

We are convinced that all these efforts will translate to help them win in their respective prioritized categories
significant value creation for all our shareholders, where we operate.
customers, consumers, staff and the economy at large.
I am enthusiastic about the prospects of Honeywell The quality of our people is the true secret of our
Foods in the next 10 years and beyond. business success. Therefore, we will continue to make
deliberate investments in people development and
organizational resourcing through the process of
What are your priorities for the financial year retaining, developing, optimizing and properly
2022? engaging our 2,000+ workforce.

We are making significant investment in organic We are focused on retaining high performing
growth and expansion which is central to meeting the
employees, promoting employee engagement and
expectations of our growing consumer base and
satisfaction levels, and ensuring the development of
securing future earnings. We recently launched the
employee capabilities and skills to drive achievement
Spaghetti Mini, the first of its kind in Nigeria in terms of
of our business goals.
packaging. Spaghetti Mini, is a high-quality single serve
product that offers convenience to consumers at an
affordable price point. The product is an outcome of
our extensive research to identify consumer needs in
order to serve them in the most relevant and
personalized way. We will continue to focus on our
Olanrewaju Bamidele Jaiyeola
competitive advantage and improve our product
Managing Director/CEO
offerings in order to exceed our consumers'
expectations, while increasing market share, and
delivering value to our shareholders.

We will continue to work through the Flour Milling
Association of Nigeria (FMAN), to improve local supply
and production capacity of wheat. FMAN has been
working with the government to invest in research to
improve seed varieties and technology while also
donating seeds and equipment to reduce post-harvest
loss and assuring offtake for produce that meets
agreed criteria. While progress has undoubtedly been
made, more work must be done in collaboration with
the Government to make Nigeria self-sufficient in
wheat production.

Digitalisation is vital for Honeywell’s continued
evolution. We are advancing as a digitally enabled and
data powered business and will continue to strengthen
our digital capabilities in the areas of business
intelligence, sales data analytics, e-commerce, and
social media in order to fuel new growth opportunities
and create efficiencies. Safeguarding our digital assets
is also key in view of rising cyber-attacks.

We will improve our go-to-market strategy, product
availability and penetration by expanding our customer
base and products distribution infrastructure, with
particular emphasis on retail. We are committed to
deepening our relationships with our customers to

18 HONEYWELL FLOUR MILLS | ANNUAL REPORT | 2021 World of Possibilities