In 2002, baseball team Oakland Athletics won 20 games in a row, a feat that has only been achieved seven times in over 150 years of the sport. Remarkably, they did so after losing three star players and replacing them with a cheaply assembled squad of new signings rejected by the top teams of the time.
Even if you aren’t a baseball fan, you may well have heard of this story through the book Moneyball: The Art of Winning an Unfair Game, later dramatised into an Oscar-nominated, Brad Pitt-starring film of the same name. Both told the story of how Oakland challenged the existing orthodoxy in a multi-billion-dollar industry using a bold new approach to statistical analysis, identifying players that were undervalued due to the subjective biases of other teams.
It ended up changing not just baseball, but elite sport forever. And the lesson it teaches us reaches even further than this – especially the packaging industry, given its current focus on data and sustainability. Success in our industry doesn’t hinge on multi-million dollar player scouting, but it does hinge on material literacy and the financial stakes are every bit as real as they are on the baseball field.