Innovation performance
Many studies on new products show that true innovations perform the best in themselves and towards the overall business.
This study highlights a nuance that launches which were neither minor nor sufficiently ‘new’ were by far the worst performers – with not enough benefits to justify the price and risk.
- Many studies on new products show that true innovations perform the best in themselves and towards the overall business.
This study highlights a nuance that launches which were neither minor nor sufficiently ‘new’ were by far the worst performers – with not enough benefits to justify the price and risk. - Comparing the biggest share winners in 2020 vs 2019 with the biggest share losers, the number and performance of new product introductions from 2018 to 2020 was a big differentiator especially for ‘true innovations’.
- On average across the 6 main W European markets, online now accounts for over 7% share, higher than the peak in 2020.
This is driven by 2 countries, Netherlands and UK, whereas other countries have not bettered the 2020 levels.