Download - 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
Why accelerate innovation at VF?
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 2
Go outside for new ideas
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 3
Networks
UniversitiesExperts
Innovation Partners
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 4
This layout should only be used with full-screen PDF graphicsThis layout should only be used with full-screen PDF graphics
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 6
Science & Technology
Manufacturing &Design
Consumer &Brand
Business & Strategy
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 7
Apparel benefits from technology
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 8
Technology: comfort and great looks
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 9
Connections are key: planes & jeans
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 10
You can re-invent mature products
VF’s journey
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 11
1.Objective
2.Approach
3.Outcomes
4.Learnings
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 12
1.Objective
2.Approach
3.Outcomes
4.Learnings
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
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 14
1.Objective
2.Approach
3.Outcomes
4.Learnings
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 15
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 16
Model: high performance innovation
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 17
Understand Explore Decide
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 18
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 19
Understand
define the problem and define criteria for success
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 20
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 21
Explore
find stimulus and investigate potential solutions
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 22
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 23
Decide
select best solutions and decide next steps
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 24
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 25
1.Objective
2.Approach
3.Outcomes
4.Learnings
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
Key outcome: $1.6B pipeline of new ideas
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 27
$1.6B
DESIGN
QUALIFY
LAUNCH
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
Bigger, better ideas
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 29
Science Design
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.
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 31
Lucy
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 32
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 33
Clear differentiation
VF’s journey
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 34
1.Objective
2.Approach
3.Outcomes
4.Learnings
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 35
Innovation is a discipline and demands choice, not just options
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 36
Stopping too early
Don’t stop too early
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 37
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 38
Work with partners on the things they are great at
Find the sweet spot for each partner
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 39
Networks
UniversitiesExperts
Innovation Partners
Consumers need to love it
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 40
Consumers need to love it
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 41
VF’s journey
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 42
1.Objective
2.Approach
3.Outcomes
4.Learnings
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 43
Copyright © Innovia Technology Limited, Cambridge, UK FEI US 2014 presentation 44
$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