Technology scouting can increase the rate of potential for meaningful innovation, as discussed in the Harvard Business Review. An innovation leader's perspective and insight. A look at what works and what doesn't. Technology scouting automation and technology advancements are key...
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Innovation can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market. More often, innovation solutions use technology to support and dispatch new services...
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[vc_row][vc_column][vc_column_text] Innovation in Consumer Packaged Goods [/vc_column_text][vc_empty_space][vc_column_text]The CPG and Food & Beverage Industries must continuously innovate to keep their market share and follow fluctuating consumer demands, all while functioning profitably in a manufacturing environment that depends on endless factors: supply chain availability, maintenance, repair and operations (MRO) of production facilities, workforce reliability, and the integration of AI enabled tools for purchasing, inventory quality control, and consumer-tracking data. Now more than ever there is unlimited innovative potential in CPG, and the variety of brands that best harness their creative visions and deliver superior goods will be their companies’ most popular and profitable products.[/vc_column_text][vc_empty_space][vc_text_separator title="Part I : CPG Strategies for Growth and Innovation" border_width="2"][vc_empty_space][vc_column_text]To develop the best strategy for your complex CPG Innovation Portfolio, refer back to a previous article. Topics include: Utilizing Open Innovation for R&D Studying Past Trends for Future Forecasting Managing a Portfolio of Innovative Projects [/vc_column_text][vc_empty_space height="52px"][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Part II : Endless Opportunity...
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[vc_row][vc_column][vc_empty_space height="22px"][vc_column_text]The CPG Industry aims to continuously reinvent itself as the online shopper experience and the in-person retail customer both demand personalized, convenient, in stock, economical, and exciting products. CPG embraces constant change and ceaseless innovation to keep up with consumer demands while building brands customers rely on in their daily lives. How do the major companies’ research and development teams build and manage a portfolio of innovative products while ensuring long-term market success and consistent brand loyalty? It's a complex, interdepartmental system that is augmented with 3 tactics: the advantage of open innovation, strategic supply chain forecasting, and tools for enhanced collaboration across teams that bring new products to market.[/vc_column_text][vc_empty_space height="22px"][qodef_separator type="full-width" color="#9e9e9e" border_style="solid"][vc_empty_space height="22px"][vc_column_text] Utilize Open Innovation for R&D [/vc_column_text][vc_empty_space][qodef_blockquote text="Half the company’s ideas must come from the outside" title_tag="h3" width="100"][vc_empty_space height="22px"][vc_column_text]Open Innovation is a proactive strategy complementing your R&D department. Certainly, your company is filled with great ideas and...
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Innovation Software Helps Businesses Cultivate and Implement Innovation — Faster. Learn how Innovation Software is used, what type of companies use it and why....
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[vc_row][vc_column][vc_column_text] A Taste of Innovation for the Giants of the Food and Beverage Industry [/vc_column_text][vc_empty_space][vc_column_text]The biggest players of the Food & Beverage Industry are positioned to innovate internally, creating new food concepts through their own well-funded research and development. Increasingly these corporate giants are also expanding their resources outside the company to innovate externally by nurturing smaller, sometimes more cutting-edge food start-ups. One means for expanding their portfolio of products is inviting creative and successful foodpreneurs to the innovation table, and in some cases, investing in their companies. General Mills, Tyson, Whole Foods, and Kellogg, for example, all offer pitch days and accelerator programs for startups looking for funding and expertise to bring more of their innovative products to market. Industry leaders who avoid diversifying their product lines to represent growing consumer demand are destined to see their food expired and forgotten on the supermarket shelves. Let's examine some areas the Food and Beverage...
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[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] Accelerate Innovation from the Front end to the Back end to Drive Industry Disruption [/vc_column_text][vc_empty_space][/vc_column_inner][/vc_row_inner][vc_column_text]How do you keep the momentum of innovation solutions in your business? The success of your organization’s future growth will be determined by the products and services created from the front end to the back end of innovation, disrupting industries and creating significant market share.[/vc_column_text][vc_empty_space height="28px"][vc_column_text]The front end of innovation is critical in laying the proper foundation for a portfolio of projects to develop through a commitment to creativity, change, and growth. This is the period when opportunities are identified and new products or services are first considered. This phase includes Innovation Strategy and Ideation. When a team commits to the advancement of a new product, service, or business model they imagine a new way to approach a challenge, and communicate this idea for organizational implementation. The back end of innovation is everything following strategy development and ideation. This...
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[vc_row][vc_column][vc_column_text] How do you best position your company to adopt an innovation mindset? [/vc_column_text][vc_empty_space height="10px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Hiring a Chief Innovation Officer or relying on Corporate Product Intrapreneurs to champion the innovation culture is certainly an intentional first approach for many companies. Maintaining innovative energy and focus from year to year and project to project will continuously be a challenge though unless your innovation leaders have an opportunity to recharge their creativity, share ideas and best practices, and consider leading innovation management platforms.[/vc_column_text][vc_empty_space][vc_column_text] Innovation Networking, Best Practices, and Knowledge Sharing [/vc_column_text][vc_empty_space height="10px"][vc_column_text]Upcoming innovation conferences are a compelling occasion to reignite your company’s innovation mission. Product development, research professionals, and UX or digital transformation creators can all find value and inspiration meeting with like-minded innovation thought leaders from around the world and across a variety of industries. Grow cross-enterprise collaboration and strengthen an organization’s innovation expertise at one of this season's conferences.[/vc_column_text][vc_empty_space][qodef_separator position="center" color="#d1d1d1" width="100%" thickness="1"][/vc_column][/vc_row][vc_row][vc_column width="1/4"][vc_single_image...
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[vc_row][vc_column][vc_column_text]The Roaring Twenties, a period of economic prosperity following the end of World War I, was marked by changes to American life through advancements in manufacturing, consumer products, travel, medicine, entertainment, and upended social norms. What we’ve experienced so far in the 2020s has some referring to this current period as The Soaring Twenties – a time that will be remembered for massive economic growth and incomparable technological innovations…but only for the organizations that take bold action, have connected teams of creatives and analytical minds that work collaboratively, and trust in their leadership to uphold the vision of new possibilities for their companies, software, and services. [/vc_column_text][/vc_column][/vc_row][vc_row css=".vc_custom_1647363232861{background-color: #f9f9f9 !important;}"][vc_column][vc_empty_space height="44px"][qodef_blockquote text="``Not to innovate is the single largest reason for the decline of existing organizations. Not to know how to manage is the single largest reason for the failure of new ventures.`` — Peter F. Drucker" title_tag="h4" width="100"][vc_empty_space height="44px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] If You...
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[vc_row][vc_column][vc_empty_space][vc_column_text]Look your best while feeling good about your impact on the environment with fashion-forward brands reinventing the supply chain in the textile industry. It’s becoming trendy to source your next ensemble from a sustainable and globally conscientious clothing company. The fashion industry is trying on new methods of sourcing materials and is producing garments within a vibrant and growing circular economy.[/vc_column_text][vc_empty_space height="22px"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="22px"][vc_row_inner][vc_column_inner width="2/3"][vc_column_text] Plant the Demand for Green Fashion [/vc_column_text][vc_empty_space height="22px"][vc_column_text]The path is clear for athleisure and fitness brands: move quickly with innovative R&D or risk being left behind in the competitive race of global change. One example is the Abaca sneaker, a trailblazing product and a testament to the power of R&D and innovative partnerships in the apparel industry. It’s crafted entirely from eco-friendly materials - QWSTION’s BANANATEX, a fabric derived from banana waste, and Natural Fiber Welding’s PLIANT, a 100% bio-based rubber. Remarkably, this sneaker is not just plastic-free but...
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