In today’s challenging economy, large companies are increasingly looking to buy innovative finished products rather than developing their own, says Blue Pacific CEO Donald Wilkes.
Food and beverage companies need to institutionalize innovation with a dedicated budget and executives in place to drive growth, according to a new report.
Companies and research organizations within the US food industry will soon be able to benefit from the expertise of their counterparts in Europe through a new partnership initiative.
Cargill has opened a new innovation center for snack and cereal
products which it says will help food manufacturers create new
products that drive sales growth.
NineSigma has launched a new service to help companies find
materials or technologies that are already available on the market,
that could open up new supply agreements between manufacturers and
ingredients firms.
A standard language is needed to describe texture, according to
National Starch, to help manufacturers understand the needs of
consumers and increase speed to market of their products.
General Mills is to help set up a new Food Science division, which
will draw on the expertise of retired scientists and engineers to
fuel innovation within the firm - and in the food industry in
general.
The Singapore government this week launched a food innovation and
resource centre to grant processors throughout the country the
means to compete in the global food industry.
US food firm Kraft has launched a customer-led research and
development programme, in a bid to re-engage with consumers and tap
growing health and wellness trends.
The European subsidiary of a Malaysian plantation giant is set to
sign a four-year deal with Nizo food research in order to tap the
latest innovations in vegetable oil.
Cargill's patented starch, designed to deliver higher food quality
and cost savings for manufacturers, has been shortlisted in the
Most Innovative Ingredient category at the forthcoming FiE show.
Chr Hansen's latest Magical Sensory Tour is designed to bring
innovative products to customers and underline the company's ethos
that ingredients can be fun and imaginative.
Food manufacturers need focused, attractively branded portfolios
and the ability to offset cost pressures through cost savings and
margin improvement if they are to succeed, according to a report
published last week.
