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The Startup CPG Podcast

Data Spotlight: 4th & Heart, Max Dichter and Jamie Nguyen

The Startup CPG Podcast

Startup CPG

Startup, Food, Business, Beverage, Cpg, Entrepreneurship

4.9642 Ratings

🗓️ 23 June 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

In this mini-episode of the Startup CPG podcast, Daniel Scharff dives into the world of data-driven decision-making with Max Dichter, CEO of 4th & Heart, and Jamie Nguyen, the Director of Finance and Strategy. 4th & Heart, the largest and fastest-growing ghee company in the US, is on a mission to highlight the benefits of ghee over traditional butter. Follow 4th & Heart's journey, from starting operations in a shared kitchen space to achieving national distribution in over 12,000 stores.


In addition, Max and Jamie discuss their strategic use of data to drive growth, enhance product offerings, and outpace the competition. Learn how they leveraged data to re-enter major retailers like Target, expand their product line with innovations like the ghee butter stick, and strategically position their brand in the competitive marketplace. Jamie also provides insights into their processes for gathering, analyzing, and utilizing data to inform forecasts, projections, and key business decisions.


If you're just starting out, take advantage of NielsenIQ’s Byzzer™  offer through Startup CPG to get three free reports and kickstart your data journey today!

https://byzzer.com/startupcpg/


Listen in as they share about:

  • 4th & Heart's Product and Company Overview
  • Insights on Ghee
  • Product Innovations
  • NIQ  Byzzer™  Data Utilization
  • Strategic Insights from Data
  • Recommendations for Emerging Brands
  • Personal Anecdotes and Engagement

Episode Links:

4TH AND HEART Website

Max Dichter’s LinkedIn

Jamie Nguyen’s LinkedIn



Don't forget to leave a five-star review on Apple Podcasts or Spotify if you enjoyed this episode. For potential sponsorship opportunities or to join the Startup CPG community, visit http://www.startupcpg.com.



Show Links:

Transcripts of each episode are available on the Transistor platform that hosts our podcast here (click on the episode and toggle to “Transcript” at the top)

Transcript

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0:00.0

I'm a huge proponent of having the data starting day one, you know, starting day zero, if you can,

0:15.7

because it's just really, really helpful to understand where the category is today, where it's going, or where

0:21.5

you think it's going, where it has gone over the last several reporting periods, who the competition

0:26.3

is, what they're up to. All those things are really important as you craft your story,

0:30.5

you craft your narrative of why you as an emerging brand deserve to be on shelf. And so I think

0:36.7

if you can get your hands on the data, the sooner the better.

0:39.7

Of course, I know that's not always a practical answer because the cost of data is expensive

0:43.6

and you can get inside some more efficient ways, albeit with smaller sample sizes.

0:48.8

But I would say, as soon as you can get your hands on it, the better it is.

0:53.8

Welcome CPGers and anyone who's data curious to a mini episode of a startup CPG podcast about data.

1:01.3

As many of you know, one of our closest partners at startup CPG is Nielsen IQ and their product, Biser.

1:07.5

I actually used to be the head of analytics at a food tech company, and I always thought that Nielsen IQ was the best partner for merging brands because they have great coverage, they have accessible price points on piecemeal data, and especially through their product for emerging brands called Bizer. So with startup CPG, you can actually get three free reports from Bizer. You could get velocity on your own brand or competitors in a

1:29.5

channel or even at a particular retailer like Whole Foods. You could see what brands have grown

1:33.8

or shrunk the fastest and so much more. Check the show notes for the link on how you can get those

1:39.0

three free reports. And in today's episode, I wanted to highlight how one brand, Fourth and Heart, actually uses

1:45.7

the Biser data. So I'm very pleased to welcome Max Dichter, their CEO, and Jamie Wyn,

1:51.6

the director of finance and strategy. We're going to talk through their data journey and all

1:56.4

of the insights and what it's done for their business. All right, let's get into it.

2:02.4

Hello, everyone,

2:06.9

here we go. So if you haven't heard of them, Fourth and Heart is the largest and fastest growing ghee company in the U.S. They are nationally distributed in over 12,000 stores. They're on a mission

2:12.9

to shine light on the simplicity and superiority of ghee in a crowded world of basic butter.

2:18.5

So my friend Max joining us today is their CEO. He is a total profitability whiz with deep

...

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