by Juraj Durco | Sep 2, 2020 | Business, Business Improvement, Food, Food Industry, Food Innovation, Food manufacturing, Food Waste, Improvement, Portfolio Optimization, Product Development, Productivity, Profit, Profit Increase, Recipe, Uncategorised
Waste in food production is not a new problem. In 2017, the Australian government measured the national baseline in food waste and found the manufacturing sector contributed 25% of the country’s waste across the supply and consumption chain. In a country like...
by FAPIC | Jun 5, 2019 | 8P Model, Food Innovation, Product Development, Product Management
Agile is the word on the street—well, in the corporate press, at least—but what does it really mean? As a simple definition, to be agile is to be able to move quickly and easily. As a set of management practices, Agile has extended beyond its origins in software...
by FAPIC | May 20, 2019 | Business Audit, Business Improvement, Food Innovation, Portfolio Optimization, Product Development, Profit Increase
Many food production businesses succumb to the challenges of manufacturing, marketing and maintaining an extensive product portfolio. Familiar outcomes include cost overruns, poor return on investment into plant and equipment, brand identity crises, and food safety...
by FAPIC | May 17, 2019 | Food Innovation, Innovation, Product Development
There’s a well-known hazard on the path to commercialisation of innovative products and ideas: the Valley of Death. It’s the large, inescapable gap between the early-stage development of a new product and the mass market acceptance of it. It’s the space where new...
by FAPIC | Apr 17, 2019 | Food Innovation, Innovation
Evidence continues to show an increasing market penetration of plant-based alternatives across both meat and dairy categories. According to Nielsen research, plant-based food sales (in dollar terms) in the U.S. increased by 20% over 2017-2018, and there are similar...
by FAPIC | Apr 4, 2019 | 8P Model, Capability, Food Innovation, Innovation, Product Development
Smaller businesses like yours have a compelling advantage over the large-scale food manufacturers. You can move fast and stay agile. When it comes to new product development (NPD), speed to market is key to success, and the big companies don’t let anything out the...
