Building and Buying Innovation with Nestle
Jul. 1, 2019 at 12:00 AM
From blossoming startups to legacy brands, a variety of strategies for success were presented. Nestle, for example, is seeking to further utilize its team of 22,000 people and “make sure everyone understands they’re an entrepreneur in their company and they have the platform to put their ideas forward,” said Doug Munk, director of new business ventures for Nestle.
The company debuted a new product at NOSH Live: Jacked Rabbit, a Nesquik-inspired protein drink, and Munk added that the company is investing $2 billion in R&D through its new accelerator, which it announced in April.
“It’s exciting to see employees get into it and get engaged by it,” he said. “It comes from a place of passion for a problem they’re trying to solve in their lives. We’re seeing more and more of that in the marketplace: food as medicine [with] functional benefits.”
Learn more about NOSH Live, a two-day conference for the natural food industry, at noshlive.com