Consumer products companies must develop and introduce new products with ever-increasing speed and nimbleness. They are exploring and entering into external partnerships to facilitate their new product development efforts. New product development often poses new challenges that require expertise and technologies beyond these companies’ core competencies.
Our Capabilities
BFS Innovations’ extensive experience in new product development has been tested and demonstrated over time across multiple product categories and forms. We successfully and consistently deliver on-target solutions for our clients. We ensure alignment with our clients on program objectives, deliverables, timing and process and then move swiftly to diligently and creatively tackle their problems. We actively collaborate with our clients and deliver consistently successful outcomes.
Our expertise (including our professional network) ranges across most client needs, such as:
- New opportunity identification (melding consumer and technical insights)
- Cross-category technology scouting
- Product formulation
- Product manufacturing (including OTC)
- Package development
- Medical device design and supply chain
- Partner pre-qualification
- Partner relationship management