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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[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_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_empty_space height="20px"][vc_column_text] New Industries' Solutions for Moving to a Zero Carbon Footprint [/vc_column_text][vc_empty_space height="10px"][vc_column_text]Is zero carbon possible? The bright ideas coming from creative innovators prove we are developing and harnessing new technologies to eliminate the burning of fossil fuels to off set carbon emissions. The world emits about 43 billion tons of CO2 a year and 87% comes from the burning of fossil fuels like coal, natural gas, and oil. As the Earth's need for power grows, so does the necessity for innovative clean power solutions. University researchers, startup incubators, and power industry collaboration show promising disruptive technology to reach carbon zero goals. The commercialization and the opportunity for partnerships across these innovating platforms will bring positive and lasting change to the carbon emission reduction goals of countries worldwide.[/vc_column_text][vc_column_text][/vc_column_text][vc_empty_space height="10px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Carbon Neutral Start-up Technology [/vc_column_text][vc_empty_space height="10px"][vc_column_text]Industries worldwide are focusing on how to achieve carbon neutrality. Innovative ideas and clean power solutions are appearing across university research labs...
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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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