‘One word summarises the outlook for 2022: scarcity’ – CEO Andy Gatesy

Andy Gatesy, CEO and Chairman at Toly Group, has vast experience and unparalleled expertise in the cosmetic business. Under his direction, Toly Products has become a world-class supplier in the industry.

Asked about his outlook for this year, Mr Gatesy had a rather sobering response.

“For me, one word summarises the outlook for 2022: scarcity. From scarcity of human resources to scarcity of money. As a result, lead times are extending, costs are increasing, and inflation is rising. We need to plan further ahead and engage our workforce to be inspired, aligned to our vision and supported as human beings – not as human doings with a job title,” he said.

“To succeed, businesses must clarify their strategy – their distinctive approach and competitive advantage,” Mr Gatesy continued.

In light of this outlook, the CEO noted that “Toly’s theme for 2022 is: be different and think different for a sustainable future.”

“The future is in our hands and, for us, the future is now. Despite celebrating our 50th anniversary in Malta, I believe that we are just getting started,” Mr Gatesy concluded.

This article is part of the serialisation of interviews featured in MaltaCEOs 2022 – an annual high-end publication bringing together some of the country’s most influential business leaders.