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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
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Why accelerate innovation at VF?
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Go outside for new ideas
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Networks
UniversitiesExperts
Innovation Partners
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Science & Technology
Manufacturing &Design
Consumer &Brand
Business & Strategy
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Apparel benefits from technology
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Technology: comfort and great looks
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Connections are key: planes & jeans
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You can re-invent mature products
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VF’s journey
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1.Objective
2.Approach
3.Outcomes
4.Learnings
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1.Objective
2.Approach
3.Outcomes
4.Learnings
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Objectives
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Win with bigger and better ideas
ideas ideas
Focus innovation around key platforms
Grow the innovation pipeline with more ideas
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1.Objective
2.Approach
3.Outcomes
4.Learnings
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Alastair Macgregor
Add some i! logos partly embedded in the dough
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Model: high performance innovation
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Understand Explore Decide
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Understand
define the problem and define criteria for success
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Explore
find stimulus and investigate potential solutions
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Decide
select best solutions and decide next steps
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1.Objective
2.Approach
3.Outcomes
4.Learnings
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Objectives
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Win with bigger and better ideas
ideas ideas
Focus innovation around key platforms
Grow the innovation pipeline with more ideas
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Key outcome: $1.6B pipeline of new ideas
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$1.6B
DESIGN
QUALIFY
LAUNCH
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Organised around key platforms
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DESIGN
QUALIFY
LAUNCH
Cost & Supply Chain
$250M $300M
Retail/Experience
$500M
AdvancedMaterials &Technology
$450M
Fit,Comfort, &
Attractiveness
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Bigger, better ideas
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Science Design
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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.
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Lucy
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Clear differentiation
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VF’s journey
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1.Objective
2.Approach
3.Outcomes
4.Learnings
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Innovation is a discipline and demands choice, not just options
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Stopping too early
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Don’t stop too early
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Work with partners on the things they are great at
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Find the sweet spot for each partner
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Networks
UniversitiesExperts
Innovation Partners
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Consumers need to love it
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Consumers need to love it
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VF’s journey
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1.Objective
2.Approach
3.Outcomes
4.Learnings
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$1.6B + key platforms + bigger ideas
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DESIGN
QUALIFY
LAUNCH
Cost & Supply Chain
$250M $300M
Retail/Experience
$500M
AdvancedMaterials &Technology
$450M
Fit,Comfort, &
Attractiveness