Ayming’s third annual International Innovation Barometer (IIB) tells a story of increasing complexity, set against the backdrop of the global pandemic.
Since the pandemic struck, businesses have faced previously unimaginable adversity. The drastic and rapid changes in social and economic behaviours have forced business models to adjust, in terms of how companies operate and how they sell.
But it is in this very environment that innovation flourishes. Such fundamental shifts bring both opportunity and risk for all firms. Competition has ramped up, and markets are ripe for disruption. No doubt, future sector leaders have been founded during the pandemic. We can already see start-ups emerging with new, future-facing propositions.
In this report, we take a close look at the state of R&D. The findings show that innovation continues to be crucial for companies’ growth. However, Covid-19 represents a natural pivot point – one that could see budgets reduced but could just as easily provide a catalyst for innovation…
- The effect of Covid-19 on innovation processes
- The obstacles keeping businesses from innovating
- How companies are dealing with the decline in funding for innovation
- Pandemic-induced logistical challenges faced by companies
To create the Barometer, we conducted a detailed survey of 585 senior R&D professionals, CFOs, C-suite executives and business owners in companies of all sizes in the following countries: Belgium, Canada, Czech Republic, France, Germany, Ireland, Italy, the Netherlands, Poland, Portugal, Slovakia, Spain, United Kingdom, and the United States.
Explore the state of innovation in today’s challenging economic environment and learn the proven tactics that the world’s most innovative leaders are doing to succeed.