Innovation can be characterized as an active ongoing process that results in unique methods and/or products, which relies on the capacity and determination of innovators. This process of innovation often begins with an insight into a problem, an existing need that is not being met, a gap in knowledge, and/or a lack of information. Innovators understand the root of a problem, and work creatively and persistently through trial and error to address it, adapting along the way. This involves employing the appropriate financial, technological, methodological, and social resources available while working toward a goal. Innovation is the solution to a unique problem – to fix or update something, to serve a new need, to prevent a problem, or to educate. Innovation generates new insight and information, provides solutions, and/or offers new products.
Below is an excerpt on “Innovation in the Food Processing Industry” by Stats Canada and The Daily. Click here to download the full report and learn about the breakdown of innovation per province.
“With sales totaling over $100 billion a year, food processing is the second largest sector in Canada’s manufacturing industry, following transportation equipment. It is also highly innovative, with almost three-quarters of firms in the food processing industry (72%) introducing at least one of four types of product, process, organizational or marketing innovation during the fiscal years 2016 to 2018. Nearly half (48%) introduced new methods in their processing operations and 39% made a new or improved product available on the market. Organizational innovations such as the implementation of new methods in business practices, workspace organization or external relations with other organizations were introduced by 47% of firms in the food processing industry. Almost half introduced some type of marketing innovation (48%) such as the use of new media or new promotion techniques, new product placement or pricing methods, and changes to aesthetic design or packaging.”