Innovation to fuel business growth

45
www.innoviatech.com www.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 Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 1

description

VF Corp owns world class brands like The North Face, Timberland, Vans, Lee and Wrangler. It has set an ambitious five year growth goal in its 17x17 strategy: $17 billion sales by 2017 i.e. 10% compound growth. Innovia Technology is a key innovation partner on the journey. This talk will show how our collaboration has helped VF to gain out-of-industry insight and inspiration (e.g. from Shell, Kraft Foods and Avery Dennison) and illustrate the practical ways it is driving high-margin, sustainable growth.

Transcript of Innovation to fuel business growth

Page 1: 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

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 1

Page 2: Innovation to fuel business growth

Why accelerate innovation at VF?

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 2

Page 3: Innovation to fuel business growth

Go outside for new ideas

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 3

Networks

UniversitiesExperts

Innovation Partners

Page 4: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 4

Page 5: Innovation to fuel business growth

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

Page 6: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 6

Science & Technology

Manufacturing &Design

Consumer &Brand

Business & Strategy

Page 7: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 7

Apparel benefits from technology

Page 8: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 8

Technology: comfort and great looks

Page 9: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 9

Connections are key: planes & jeans

Page 10: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 10

You can re-invent mature products

Page 11: Innovation to fuel business growth

VF’s journey

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 11

1.Objective

2.Approach

3.Outcomes

4.Learnings

Page 12: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 12

1.Objective

2.Approach

3.Outcomes

4.Learnings

Page 13: Innovation to fuel business growth

Objectives

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 13

Win with bigger and better ideas

ideas ideas

Focus innovation around key platforms

Grow the innovation pipeline with more ideas

Page 14: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 14

1.Objective

2.Approach

3.Outcomes

4.Learnings

Page 15: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 15

Alastair Macgregor
Add some i! logos partly embedded in the dough
Page 16: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 16

Page 17: Innovation to fuel business growth

Model: high performance innovation

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 17

Understand Explore Decide

Page 18: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 18

Page 19: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 19

Understand

define the problem and define criteria for success

Page 20: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 20

Page 21: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 21

Explore

find stimulus and investigate potential solutions

Page 22: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 22

Page 23: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 23

Decide

select best solutions and decide next steps 

Page 24: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 24

Page 25: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 25

1.Objective

2.Approach

3.Outcomes

4.Learnings

Page 26: Innovation to fuel business growth

Objectives

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 26

Win with bigger and better ideas

ideas ideas

Focus innovation around key platforms

Grow the innovation pipeline with more ideas

Page 27: Innovation to fuel business growth

Key outcome: $1.6B pipeline of new ideas

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 27

$1.6B

DESIGN

QUALIFY

LAUNCH

Page 28: Innovation to fuel business growth

Organised around key platforms

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 28

DESIGN

QUALIFY

LAUNCH

Cost & Supply Chain

$250M $300M

Retail/Experience

$500M

AdvancedMaterials &Technology

$450M

Fit,Comfort, &

Attractiveness

Page 29: Innovation to fuel business growth

Bigger, better ideas

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 29

Science Design

Page 30: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 30

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.

Page 31: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 31

Page 32: Innovation to fuel business growth

Lucy

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 32

Page 33: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 33

Clear differentiation

Page 34: Innovation to fuel business growth

VF’s journey

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 34

1.Objective

2.Approach

3.Outcomes

4.Learnings

Page 35: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 35

Innovation is a discipline and demands choice, not just options

Page 36: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 36

Stopping too early

Page 37: Innovation to fuel business growth

Don’t stop too early

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 37

Page 38: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 38

Work with partners on the things they are great at

Page 39: Innovation to fuel business growth

Find the sweet spot for each partner

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 39

Networks

UniversitiesExperts

Innovation Partners

Page 40: Innovation to fuel business growth

Consumers need to love it

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 40

Page 41: Innovation to fuel business growth

Consumers need to love it

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 41

Page 42: Innovation to fuel business growth

VF’s journey

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 42

1.Objective

2.Approach

3.Outcomes

4.Learnings

Page 43: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 43

Page 44: Innovation to fuel business growth

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 44

Page 45: Innovation to fuel business growth

$1.6B + key platforms + bigger ideas

Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 45

DESIGN

QUALIFY

LAUNCH

Cost & Supply Chain

$250M $300M

Retail/Experience

$500M

AdvancedMaterials &Technology

$450M

Fit,Comfort, &

Attractiveness