Vistar, A PFG Company’s Post

What are the innovation priorities at your company right now? How have the current market conditions changed what companies see as innovation?

Honored to be part of the “Explorer Award” jury for the 6th consecutive year, by PROMARCA, the Swiss association of branded goods, jointly with my dear jury colleagues Karin Frick, Naomi Haefner, Daniel Krebser and Christoph Meister! Innovation fuels the FMCG industry, challenging norms and propelling us into uncharted territories. Let’s celebrate fearless explorers who venture beyond the familiar, daring to defy conventional wisdom. What does “Explore” mean for consumer goods? It signifies a relentless pursuit of new horizons, breaking free from the status quo, and committing to curiosity-driven innovation. This year, a flood of new products entered the market, with 6,474 new items introduced from well known players such as Nestlé, Unilever, Feldschlösschen Getränke AG, The Coca-Cola Company, Emmi Group, Kambly SA, Storck, Red Bull, Rivella Group, Läckerli Huus AG, Procter & Gamble, Lactalis Group, Froneri or Zweifel Pomy-Chips AG and many more. The Swiss Promarca Brand Association awarded prizes for the best innovations. “Plant-Based Minced Meat Wins the Innovation Prize” “Pflanzenhack Protaneo AG, IP-SUISSE a pea and fava bean-based minced meat substitute by Steiner Mühle AG won. It’s a Swiss-made plant-based protein source, redefining sustainability. Nuggi MAMOriginal Pure and Aroma Kiosk from Lindt & Sprüngli were runners-up. Bravo Alain Raymond and the entire team! Celebrating groundbreaking innovations reshaping FMCG. Let’s inspire others in our relentless pursuit of progress. Here’s to exploring new frontiers, pushing limits, and shaping FMCG’s future! #ExplorationAward #innovation #fmcg #brands #FMCGInnovation #InnovateExploreCreate #ConsumerGoods #productinnovation #productdevelopment #comfortzone #new #curiosity #jury #brandedproducts #switzerland #explore #consumercentric #sustainability #trends #plantbasedprotein

To all my friends on the other side of the pond- if you are at London Quirks today check out this awesome discussion with Kevin H. and Pernod Ricard around Fueling Disruptive Innovation! +Dig Insights

Innovation is a word that gets tossed around a lot. While we all know what it means in the most general sense, defining innovation in the fast-moving consumer goods (FMCG) space, the nuance of the word becomes more apparent. unstuck principals Stefani Bardin and Peter Bodenheimer discuss a recently published list of innovative products in the food industry and break down the different types of innovation represented. #foodtech #foodinnovation #fmcg

https://lnkd.in/gkQF-CAW - More than 75% of respondents expect to spend more on new product development in 2024, up 12% from last year, citing desires to remain competitive (51%), reduce costs (46%) and meet consumer demand (42%) as the major factors driving the uptick in investment. How are you innovating? Let Icon Food Science be your innovation partner. We are a leader in #cleanlabel #sugarreduction

Does skunk work innovation require work approaches to insight? We believe so. With innovation firmly on the agenda at Diageo, and the announcement of a breakthrough team filling LinkedIn newsfeeds - it is worth revisiting Clay Christensen’s hot take from a few years ago. He regularly commented that big corporations are always going to struggle to create 'empowering' innovation that disrupts business models and creates new markets. Ultimately big business tends to stifle this sort of innovation; it's simply not in the interests of the business to disrupt its own model. Birthing a bigger but cannibal opportunity takes extreme bravery. Prof. Christensen suggested one answer was to establish a separate 'incubator' unit (think Lockheed Martin's Skunk Works; Xerox's PARC; United Distillers' Callitheke). Cue ZX Ventures, Distill Ventures and a string of other hybrid approaches. At Brand Genetics we believe this agile approach to seed and post seed demands different strategic steers from insight partners. There is a reason that the startups taking your market share were not built in a focus group. We have spent years developing our observational and in situ research techniques - many directly designed around Clay’s Job To Be Done theory and in partnership with the early wave FMCG accelerators. Combining validated behaviour change frameworks with the agility needed for true test and learn research has become a passion for the team. From house parties to homesteads we have been helping businesses understand why, highly focused on uncovering the true #JTBD. As only when you understand why can you hope to change behaviour - after all is that not the core aim of step change innovation? The fact that breakthrough is back in the vocabulary is music to our ears - now is the time to ensure your insight approach matches your ambition! #innovationhub #consumerinsights #consumerbehavior

Our Food Scientists work with companies throughout product development commercialization cycle to create new products or improve current products on the market. We work with a variety of companies that range from entrepreneurs to growing established businesses looking to enter the public markets or grocery retail chains. Are you looking to bring a new product to market in 2024, or improve a current one? Plan ahead -- contact us today to find out how our Innovation Team can help you: https://lnkd.in/eW9KNdwF #foodandbeverage #foodindustry #foodmanufacturing #beverageindustry #alcoholicbeverages #nonalcoholicbeverages #productdevelopment #foodscience

Innovation helps drive growth at Nestlé

Excellent initiative. I believe that #breakthrough #innovation needs to be approached differently compared to core innovation. And also requires different capabilities. However, I've seen many CPG companies lacking patience to incubate, test, and learn from breakthrough innovation. There's a lot of work in setting up the team, and suddenly, after the first organizational and market challenges, the team is disbanded. Be patient, Diageo #newbusinessdevelopment require patience to crack the code. If it were easy, somebody else would have done it before you.

YFood Insight & Innovation Day, HEAL. Exploring how the Food & Drink Industry can heal both planet and human health - and of course the intersection of them both, given they are inherently link. Can’t wait to share our research, learnings and insight.