Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For an "Executive Decision" segment, Cramer welcomed Andreas Fibig, chairman and CEO of International Flavors & Fragrances (IFF) , a company Cramer billed a "stealth technology" play and one that just delivered a five-cents-a-share earnings beat on a 12% rise in revenues.
Fibig explained that consumer tastes are constantly changing, which is why every year IFF conducts 500,000 consumer interviews to find out what the latest trends and and tastes are likely to be. He said the market is also a lot more segmented than it used to be, which is why IFF has 34 creative centers around the globe to hone in on local tastes and trends.
When asked about the younger demographic, Fibig said that millennials are looking for "clean labels" that contain a lot of natural ingredients and not a lot of artificial ones. That's why much of what his company does is focus on only natural ingredients. Sometimes that's not easy to do, he quipped, as it takes one metric ton of roses, for instance, to produce just one kilogram of rose extract.
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