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In its Global Innovation 1000, Booz & Co. (www.booz.com) conducts an annual analysis of the world's 1000 largest publicly traded corporate research and development spenders. In 2008 (the most recent year for which data is available), overall R&D spending at these companies rose by 5.7% to $532 billion. More than 90% of respondents indicated that innovation is a critical factor as they plan for an economic recovery.
"Reducing efforts on innovation would be similar to unilateral disarmament in wartime," said Barry Jaruzelski, a partner at Booz & Co. "Now is an opportune time to build advantage over competitors, especially weaker ones that may have to skimp on R&D for financial reasons."
According to Booz & Co., North American companies on the 2008 list spent 4.6% of sales on R&D, while Japanese companies spent 3.7% and European companies spent 3.2%.
CI's annual R&D Lab Equipment and Instrumentation Directory is included in this issue, so be sure to keep it handy when sourcing your R&D project needs. Suppliers of products ranging from balances and blenders to X-ray diffraction instruments are listed, along with contact information.* The quick-scan chart is designed to help you easily locate the products you need to continue to develop innovative products and remain competitive.
*Supplier listings indicate paid advertising.
Contact Ginny Reisinger at email@example.com for pricing and additional details.