ESPR Explained: Insights for Companies Operating in the EU Market
On June 13, 2024, the European Union rolled out Ecodesign for Sustainable Products Regulation (ESPR) (Regulation (EU) 2024/1781). The regulation aims to advance the EU’s move to a circular economy, reducing waste and conserving resources across all industries in the EU market. This regulation demands that every product sold in the EU—yes, every gadget, garment, […]
Leveraging Outside Innovation for Your Business: A Guide to Open Innovation Models
Henry Chesbrough, who first introduced the concept of the open innovation model, best described it as: The purposive inflows and outflows of knowledge to accelerate internal innovation and expand the markets for external use of innovation. Henry Chesbrough Product innovations today no longer rely solely on the efforts of internal teams or happen behind closed […]
Decoding FMCG Product Strategy: A Framework For Competitive Analysis
The success of any company in selecting the right products for a particular market is deeply connected to their grasp of customer needs, desires, and expectations. It is essential to continuously refine product strategies, which include determining the product offerings, managing product life cycles, and launching new products. These strategies form an integral part of […]
Building effective external innovation partnerships: An in-depth guide
According to a 2022 Accenture study, companies engaging in collaborations for external innovation are 6x more likely to experience higher revenue growth than those solely relying on internal processes. Given the rapid technological advancement, this collaborative innovation approach widens the scope of possibilities and speeds up advancement. Meta’s partnership with BMW in augmented reality, followed […]
Tap Into The Loteprednol Etabonate Generic Drug’s Transformational Potential
In 2020, the FDA approved loteprednol etabonate ophthalmic suspension 0.25% (Eysuvis, Kala Pharmaceuticals Inc.) for treating dry eye disease. As one of the most common ocular surface disorders, dry eye disease impacts 16.7 million to 50.2 million people in the U.S.A. Additionally, this disease costs over $55.4 billion to the economy each year. Eysuvis ophthalmic […]
4 Ways Analytics can help FMCG Companies optimize their sustainability efforts
Did you know? Procter & Gamble (P&G) employs data analytics to assess product environmental impact across lifecycles. This empowers them to spot innovation opportunities aligned with sustainability goals. Rising environmental consequences and shifts in governmental regulations are compelling enterprises to adopt eco-friendly practices. However, effectively embracing sustainability can be a complex task. As a result, […]
Apple in Healthcare: Top MedTech acquisitions and how can you gain an edge over it?
Did you know Apple acquires a new company every three to four weeks? But is that really surprising, or is it a key part of Apple’s expansion in different industries such as Healthcare? As emphasized in its report from last year, Apple has made significant strides in the healthcare sector. The company envisions that the […]
5 Sustainable Alternatives to PTFE And PFA In Cosmetics Complying With The US Bans
Since the news of lurking bans on PFAS, there has been a frenzy across many industries to find suitable alternatives. The cosmetic industry, in particular, has been deeply impacted by this news. PFAs in cosmetics constitute a significant part of waterproof makeup, sunscreens, and anti-aging creams. However, besides severely contributing to environmental destruction, studies show […]
7 Business Insights You Can Derive From Annual Report Analysis
Did you know that annual reports are a treasure trove of information to get data for M&A risk assessment, competitor intelligence, or supply chain financing projects? Well, if you didn’t know, an annual report analysis can help you take the right steps during collaborations, mergers, and acquisitions and enhance the company’s business strategy. Most of […]
How Can Consortiums Help You Reduce Your Ocean Plastic Footprint?
Plastic makes up 80% of all marine debris from surface waters to deep-sea sediment, which is a minimum of 14 million tons annually. Source. Government organizations worldwide, with the European Union in the lead, have taken a resolute stance by issuing authoritative guidelines against the use of single-use plastic. They see it as the foremost […]
A Deep Dive into Dairy Farmers of America’s Strategic Business Moves
Dairy Farmers of America (DFA), a leading cooperative owned by dairy farmers across the United States, has established itself within the dynamic dairy industry. Recognizing the importance of collaboration in a competitive market, DFA has developed a unique business strategy that promotes the interests of its more than 13,000 member farmers and caters to other […]
PFA Alternatives in Food Packaging Amidst the US & EU Bans
The ban on PFAs (Perfluoroalkoxy Alkane) in the US and EU has left the food packaging industry grappling with uncertainty. The demand for immediate action on using PFAs free food packaging is rising. Companies are exploring compliant, safe, and sustainable alternatives to secure their future in the evolving regulatory environment. In this article, we delve […]
10 Must-Know Digital Food Supply Chain Startups and Companies
A digital supply chain involves using advanced technologies and insights to help stakeholders make better decisions about resources as per the customers’ demand. Since food supply chains increasingly rely on big-data management solutions to boost collaboration and improve business performance, going digital was the natural next step. As a result, the digital Food supply chain […]
A peek into the Open Innovation Process
Alex, the R&D head of a leading logistics company in the US, approached us with a search project. He had intel that his competitors were researching RFID technology to track and manage products and assets in the supply chain. Like any other company, his team wanted to explore the scope of the technology. Further, they […]
How to Innovate by understanding Customer needs?
No matter which industry you belong to, whether its a B2B or a B2C firm, it is essential to understand your customers’ needs and improve their experience to thrive in this competitive world. As I was scrolling through my LinkedIn the other day, I stumbled upon a post by Deepak Syal, Director of GreyB. He’d […]
Forced Association: Solve R&D problems using other Industries Innovations
Eight years ago, NASA supplied enormous solar panels to space using the art of origami. In 2018, 3M’s breakthrough in preventing infection from surgery came from a theatrical makeup artist who knew how to avoid skin infection. Recently, some ingredients developed by NASA were used in baby milk. The forced association technique in innovation adoption […]
