Investment in research and development, including new product development, is a key growth strategy in the food industry, but how does the current investment in research compare to investments in advertising current products.
The FoodNavigator-USA team was out in force at IFT in Chicago last month. We caught up with Jerry Bowman for an insight into how the show went – and prospects for the food industry in general.
Baobab has been touted as "the new superfruit", but the slow uptake of the fruit in Europe has raised questions over how quickly it will appear in new products in the US.
The food industry should embrace the possibilities offered by open innovation if they are to succeed in an increasingly competitive market place, says a new review.
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.
Market researchers Mintel and Information Resources Inc (IRI) have
teamed up to create a new product tracking service, which the firms
claim will help food and beverage makers cut development costs by
up to 80 percent.
If food manufacturers can achieve a better understanding of how
consumers interact with brands, then product development could be
less of a hit-and-miss affair, writes Anthony Fletcher in New
Orleans.
Thousands of food ingredient specialists will pour through the
doors of the Las Vegas Convention Center tomorrow to learn about
the latest formulations as the 2004 IFT annual meeting kicks off in
the gaming capital.
Crowds of food industry professionals will start pouring through
the doors of Chicago's McCormick Place South building this weekend
for the opening of the IFT Annual Meeting + FOOD EXPO. This year's
event - opened by Health...