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Partner Interview
Published August 19, 2024

Philip Morris: Reduced Risk Products & Consumer Behavior

Executive Bio

Former VP of Marketing at Japan Tobacco

Interview Transcript

Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.

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That makes sense. That's interesting. So, I'm understanding that you are saying multi-product use is so common that you expect it to define the industry's future.

Yes. Essentially, we are transitioning from a cigarette consumer, which was the past, to a poly-consumer, a consumer of different products. A cigarette consumer might still smoke three or four cigarettes per day but also use vape, heat-not-burn products, and so on. On one side, consumers are diversifying their usage. On the other side, companies need to be equipped with an offer that matches this new dynamic from a consumer perspective to maximize consumer retention and profitability.

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