Innovation to fuel business growth

www.innoviatech.comwww.innoviatech.com

Innovation for sustained growth

Soon Yu, VP Global Innovation, VF Corp

Alastair MacGregor, CEO, Innovia Technology

Front End Innovation, 2014

Seaport World Trade Center, Boston, MA

Why accelerate innovation at VF?

Go outside for new ideas

Networks

UniversitiesExperts

Innovation Partners

This layout should only be used with full-screen PDF graphicsThis layout should only be used with full-screen PDF graphics

Science & Technology

Manufacturing &Design

Consumer &Brand

Business & Strategy

Apparel benefits from technology

Technology: comfort and great looks

Connections are key: planes & jeans

You can re-invent mature products

VF’s journey

1.Objective

2.Approach

3.Outcomes

4.Learnings

1.Objective

2.Approach

3.Outcomes

4.Learnings

Objectives

Win with bigger and better ideas

ideas ideas

Focus innovation around key platforms

Grow the innovation pipeline with more ideas

1.Objective

2.Approach

3.Outcomes

4.Learnings

Model: high performance innovation

Understand Explore Decide

Understand

define the problem and define criteria for success

Explore

find stimulus and investigate potential solutions

Decide

select best solutions and decide next steps

1.Objective

2.Approach

3.Outcomes

4.Learnings

Objectives

Win with bigger and better ideas

ideas ideas

Focus innovation around key platforms

Grow the innovation pipeline with more ideas

Key outcome: $1.6B pipeline of new ideas

DESIGN

QUALIFY

LAUNCH

Organised around key platforms

DESIGN

QUALIFY

LAUNCH

Cost & Supply Chain

$250M $300M

Retail/Experience

AdvancedMaterials &Technology

Fit,Comfort, &

Attractiveness

Bigger, better ideas

Science Design

THERMO3DTM

THERMO3DTM – a body mapping technology that places advanced fabrics over activity and gender specific zones of the body. This enables garments to optimise warmth,

ventilation and moisture management - increasing performance however harsh the environment.

Clear differentiation

VF’s journey

1.Objective

2.Approach

3.Outcomes

4.Learnings

Innovation is a discipline and demands choice, not just options

Stopping too early

Don’t stop too early

Work with partners on the things they are great at

Find the sweet spot for each partner

Networks

UniversitiesExperts

Innovation Partners

Consumers need to love it

VF’s journey

1.Objective

2.Approach

3.Outcomes

4.Learnings

$1.6B + key platforms + bigger ideas

DESIGN

QUALIFY

LAUNCH

Cost & Supply Chain

$250M $300M

Retail/Experience

AdvancedMaterials &Technology

Fit,Comfort, &

Attractiveness

Innovation to fuel business growth

Business

Transcript of Innovation to fuel business growth

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