4.6 • 4.4K Ratings
🗓️ 21 May 2020
⏱️ 29 minutes
🧾️ Download transcript
Tapping both personal experience and intuition, Lifeway CEO Julie Smolyansky has embraced action amid uncertainty. Before the pandemic reached full throttle, Lifeway stockpiled seven weeks worth of product, secured supply chains, and reached out to all their customers. Mask on, Smolyansky personally visited her Chicago warehouse, made in-person donations to the food pantry at Wrigley Field, and went to dozens of stores across the city searching for thermometers for her team. The crisis, she says, has evoked her early years in the Soviet Union and her family's fight, as immigrants, to live the American Dream.
Read a transcript of this episode: https://mastersofscale.com
Subscribe to the Masters of Scale weekly newsletter: http://eepurl.com/dlirtX
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Click on a timestamp to play from that location
0:00.0 | My parents and I were immigrants from the former Soviet Union. |
0:04.8 | We were refugees. |
0:06.8 | My parents talked about surviving famine. |
0:10.7 | And so these stories, they were part of my DNA. |
0:16.2 | When this coronavirus started to become a bigger chatter, |
0:21.6 | I did start thinking about what lifeways role was going to be. |
0:26.3 | We reacted really quickly to get the company ready to build out that inventory, |
0:33.1 | to make sure that our supply chain was strong, |
0:36.3 | to create and deploy the various emergency plans, |
0:40.9 | absorbing this data and understanding what you can do with it is really important. |
0:48.2 | I hope that we really take this moment and use it as a teachable moment for generations to come, |
0:54.0 | because this isn't the last global pandemic. |
1:00.0 | That's Julie Smolanski, CEO of Lifeways, which makes the dairy aisle probiotic drink |
1:05.9 | kefir. Brands like Lifeways have seen a boom in demand, |
1:10.0 | as food consumption in the US has shifted during the pandemic, from 50% restaurants and food services |
1:16.4 | to nearly 100% groceries. But filling those orders and managing the safety needs of food facilities |
1:23.5 | has been anything but simple. I'm Bob Safian, former editor of Fast Company, |
1:28.9 | founder of the Flux Group, and host of Masters of Scale Rapid Response. |
1:34.0 | I wanted to talk with Julie because in her business life and her family life, |
1:38.4 | she's had plenty of experience grappling with crisis. |
1:41.9 | A first-generation American, she both relishes the opportunities she's had and reflects on how hard |
1:48.1 | she's had to fight for them. She's an advocate for entrepreneurs, for global health readiness, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from WaitWhat, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of WaitWhat and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.