Nestlé is a multinational food and beverage company that focuses on innovation and speed to market. They have been able to shorten the time to market by 60% since 2016 and have launched and tested 12% more innovations in 2021 compared to 2020. Nestlé has streamlined its innovation processes, built pilot lines, and created R&D accelerators to speed up production and go to market earlier. They have also fostered differentiation within innovation by crowdsourcing product ideas internally, externally, and digitally. Nestlé has plans to open a larger-scale manufacturing facility in Chicago and is exploring capacity expansion in Singapore.

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Nestlé SA

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