How to Measure New Product Productivity in Your Industry

Geovanny Romero blogs on Innovation Excellence about the importance of new product development to keeping your business ahead of the game. But how does your industry fare? He says:

• the best firms have twelve times the productivity in new product development compared to the worst
• the most productivity industry is consumer packaged goods, including food
• the least productive industry is pharmaceutical

For new products to be a succesful part of the business, the new product development process needs to be clear, measurable, sustainable and consistent.

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Top five trends for food and beverage market during 2012

Sourced from Australian Food News.

International research body, Innova Market Insights, has identified five key trends that it claims will impact the Australian food and beverage market through 2012 and beyond.

According to Innova, the top trends for 2012 relate purity, authenticity and sustainability, as consumers continue to look for products with added value, despite the ongoing economic uncertainty.

Click here to read to full article.