Friday, 26 April 2013

New product innovation is shifting from developed to emerging markets

"We can see this recent shift take form if we focus on new product innovation between 2008 and 2012. In 2008, the world’s 26 developed market countries, which include the U.S., Great Britain, France, Germany and Canada, generated 75 percent of global new product innovation, while the 47 emerging markets launched the remaining 25 percent.
In 2012, however, emerging market countries like China, Brazil, India and Mexico stepped up their innovation efforts and entered the list of top 10 innovative markets. Overall, the emerging markets contributed 31 percent of the world’s new product innovation in 2012, while innovation in developed markets dropped to 69 percent."

No comments: