NEW YORK--(BUSINESS WIRE)--Oct. 18, 2017--
Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris:IFF),
a leading innovator of sensory experiences that move the world, launched
their Re-Imagine programs to accelerate innovation and increase agility
to capture unmet opportunities in the changing food and beverage market.
Based on a combination of future trends analysis, consumer insights, and
a modernized cross-category development process, the programs guide the
Company’s research and development efforts to ensure an innovation
pipeline that addresses evolving consumer needs and desires.
“The Re-Imagine programs area tangible expression of our commitment to
advance taste for our customers – and consumers,” said IFF Chairman and
CEO Andreas Fibig. “It is another way in which we show how we are
dedicated to being our customers’ partner of choice as we progress on
our business strategy, imbue sustainable thinking throughout the
creation process, and continue to strengthen our industry-leading
innovation platforms.”
“The programs were developed to outpace rapidly changing dynamics and
anticipate market shifts that were unimaginable just a few years ago,”
said Matthias Haeni, IFF Group President, Flavors. “Our customers aren’t
looking for just a better strawberry. They are looking for answers to
questions beyond traditional flavor, requiring a hands-on, artisanal
approach to making their iconic tastes come to life. We are essentially
rethinking the traditional end-use approach of our industry to design
technologies with the versatility to deliver differentiation across
multiple categories and applications. This demonstrates IFF’s commitment
to making bigger and bolder bets on where the market is heading.”
The programs focus on six key areas, including culinary, citrus,
delivery systems, naturals, modulation and protein and were selected
based on market potential, customer input, expert industry collaboration
and versatility across end-use categories. They consider a rapidly
changing world – from the expectations of sophisticated consumers too
busy to cook for themselves; to the realities of a warming climate and
its impact on key crops and ingredients; to an increased awareness of
our role in the health of the planet.
Mr. Haeni continued, “Our expansive innovation platform required an
innovative approach to taste creation. To address this, our bespoke IFF
Taste Design™ is a combination of artisanal, handcrafted techniques and
proprietary technologies that drive consumer preference and market
differentiation. We believe that both our Re-Imagine programs and our
IFF Taste Design approach will provide our customers with winning tastes
and further establish us as their essential partner.” More information
on the Re-Imagine programs can be found on the Company’s website.
# # #
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF)
is a leading innovator of sensorial experiences that move the world. At
the heart of our company, we are fueled by a sense of discovery,
constantly asking “what if?”. That passion for exploration drives us to
co-create unique products that consumers taste, smell, or feel in fine
fragrances and beauty, detergents and household goods, as well as
beloved foods and beverages. Our 7,400 team members globally take
advantage of leading consumer insights, research and development,
creative expertise, and customer intimacy to develop differentiated
offerings for consumer products. Learn more at www.iff.com,
Twitter
, Facebook,
Instagram,
and LinkedIn.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171018006496/en/
Source: International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
Michael DeVeau,
212-708-7164
VP, Corporate Strategy, Investor Relations &
Communications
Michael.DeVeau@iff.com
