InvestorNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) CEO Talks Disrupting CPG in Avory & Co. Interview
Dec 14, 2020
Mohawk Group Holdings (NASDAQ: MWK) was featured in a recent interview with Avory & Company LLC. In the interview, Mohawk CEO Yaniv Sarig joined Avory & Co. Founder Sean Emory to discuss Mowhawk’s business model and how it is disrupting consumer packaged goods (“CPG”). “We asked ourselves back then, what is the consumer-packaged-goods company of the future going to look like?” Sarig said in the interview, discussing the evolution of Mohawk from its inception to what it is today – a hybrid technology and CPG company. Sarig explained the conception came after realizing that, as retail moved online when Amazon, Alibaba and others were reinventing the online store, the traditional CPG brick-and-mortar models were not equipped to be successful on the new platforms. “And we believed that the company would look a lot more like Amazon, as much a tech company as a consumer product company. And that’s really the vision we set to build Mohawk.”
To view the full interview, visit https://ibn.fm/2tQcx
About Mohawk Group Holdings Inc.
Mohawk Group Holdings, together with its subsidiaries (“Mohawk”), is a rapidly growing technology-enabled consumer products company that uses machine learning, natural language processing and data analytics to design, develop, market and sell products. Mohawk predominantly operates through online retail channels such as Amazon and Walmart. In addition to the Acquired Brands, Mohawk has seven owned and operated brands: hOme, Vremi, Xtava, Truweo, Holonix, Aussie Health and RIF6. Mohawk sells products in multiple categories, including home and kitchen appliances, kitchenware, environmental appliances (i.e., dehumidifiers and air conditioners), beauty-related products and, to a lesser extent, consumer electronics. Mohawk was founded on the premise that if a company selling consumer packaged goods was founded today, it would apply artificial intelligence and machine learning, the synthesis of massive quantities of data and the use of social proof to validate high caliber product offerings as opposed to over-reliance on brand value and other traditional marketing tactics. For more information, visit www.ir.Mohawkgp.com.
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