In 1976, Hamoud Al-Ibrahim sold his house to establish Panda Markets, which has become a large part of the leading Savola Group today. In this episode, we talk about the story of the transformation that the company went through, as it made billion-dollar losses in 2017, but returned to making profits this year. How did this amazing leap happen? Our guest is Dr. Bandar bin Talat Hamouh, CEO of Panda Retail Company, who was previously CEO of Nahdi Medical Company. We first talked about his experience in the healthcare sector, and how he moved to work in the Ministry of Health, and then settled in the Saudi retail giant “Panda”. What is striking in this episode is that the CEO considers market managers to be CEOs who he follows on field visits, and other topics he talked about such as product prices, supermarket secrets, and his management of more than 15,000 employees who receive more than 100 million visits annually. We also asked him about his experience with Bandati, how a retail giant could fail in the grocery experience, and the future of retail and shopping with the new generation. This episode is sponsored by/ Al-Romansiah Restaurants Official website https://alromansiah.com Twitter https://x.com/alromansiahksa Instagram / alromansiahksa Facebook / alromansiahksa Moderators' time: -Start 00:00 -About the CEO 03:12 -Role of the Board of Directors 32:43 -Story of Dr. Bandar Hamouh to Panda 37:48 - Panda story 42:57 - How to manage Panda branches 50:09 - Panda programs 58:12 - Product shelf life 1:05:02 - Product distribution strategy 1:13:20 - Product supply challenge 1:17:59 - Panda cookies 1:19:06 - Best Retail Market Design Award story 1:19:43 - "Leave the rest to them" initiative 1:30:06 - My Panda experience 1:42:34 - The story of transformation in numbers 1:46:32 - Panda's first customer 2:02:48 - Delivery applications 2:15:44 - Price differences between supermarkets 2:21:03 - Market size 2:32:55 Episode 28 of "The Room" podcast with Mohammed Al-Wahaibi. You can watch the episode on YouTube or listen to it on podcast platforms. We also care about your opinion about the episodes in the comments or your rating on Apple Podcast. You can also submit your suggestion for the room podcast by sending us an email at: [email protected] Mohammed Al-Wahaibi's Twitter account: / mohd_wohaibi To know the latest news from the Mics Network, follow us on: Twitter: / micspod Instagram: / micspod Facebook: / micspodoffic LinkedIn: / micspod TikTok: https://vm.tiktok.com/ZSehjfoBt