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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[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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[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]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 height="22px"][vc_column_text]The intersection of design and technical innovation come close to home in our workplaces and dwellings. Architects of today are tasked to design new buildings with emerging, energy efficient technology for the practical structures of tomorrow while maintaining beautiful and intriguing design elements. Home builders are provided a variety of new opportunities to make construction or renovations of their existing house more energy efficient, livable, green, and cost conscious. Ezassi supports innovation in architecture and building to make the environments we live and work functional and appealing.[/vc_column_text][vc_empty_space height="22px"][/vc_column][vc_column][vc_empty_space height="22px"][vc_column_text] Look to Switzerland for the Next Evolution in Sustainable Building Technology [/vc_column_text][vc_empty_space height="22px"][vc_column_text]A great example of this new building initiative is a collaboration of Switzerland’s ETH, a premier technology research university, and NEST (Next Evolution in Sustainable Building Technologies), a modular research and innovation organization accelerating the innovation process in the construction sector. Their most recent projects include the HiLo building, the...
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[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_empty_space height="22px"][/vc_column_inner][/vc_row_inner][vc_column_text] Innovative Ideas to Reclaim Our Natural Environment [/vc_column_text][vc_empty_space height="22px"][vc_column_text]You alone can not save the world. Neither will our governments. How about industry? Will they have the Earth’s best interests in mind when they create their next product for market? We ask, who are the real trail blazers along this confusing and winding path of necessary environmental change? It is not until the powerful, the inventive, and the noisiest change makers collaborate across industries, governments, universities and environmental NGOs with new green technology research, design, and significant strategies that will we see the greatest environmental challenges solved. [/vc_column_text][vc_empty_space height="22px"][vc_column_text] New Green Technology for Recycling [/vc_column_text][vc_empty_space height="22px"][vc_row_inner][vc_column_inner width="2/3"][vc_column_text]Where does all the trash go and how can we dramatically reduce what’s headed to the landfills? Recycling is a not a new effort, but it is losing efficacy and studies show even the most mindful consumers recycle incorrectly. Luckily efforts are underway to bring new technology to an inconsistent,...
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[vc_row][vc_column][vc_column_text]Technology and trends tend to move and change at alarming rates. No industry is impervious to evolution. The only way to stay relevant is to make sure you are looking toward the future landscape and anticipating changes within your business before they happen. If you don't have a functioning crystal ball, research and analysis are the best way to predict the future. A strong indicator of how technology and trends are changing in real-time is to pay attention to how you currently consume television and video content at home. Gone are the days of spending a Friday night at Blockbuster buying or renting physical copies of movies to bring home. It also seems the days of cable and satellite solutions are quickly on their way out. Streaming services are the future of in-home entertainment consumption, but that leaves broadcast TV searching for a new way to create revenue or else risk...
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[vc_row][vc_column][vc_column_text]Understanding your company's "technical right-to-succeed" is critical to the success of your business: it's what sets you apart from your competition. It allows you to provide the best products and services your clients and users have come to expect. It's essential to understand the entire landscape of your company's current technology and how it compares to the technology of your competitors and the future of technological innovation. This is where technology scouting and technology landscaping research reports come in to play an integral part in building your company's technology portfolio. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="30px"][vc_column_text] Technology Scouting [/vc_column_text][vc_empty_space height="10px"][vc_column_text]Technology scouting is an element of technology management in which emerging technologies are identified, technology-related information is channeled into an organization, and supports the acquisition of technologies. The focus of technology scouting is on identifying solutions to an unmet technical or business need. When technology scouting, it's essential to precisely define your unmet need and create a roust...
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