Gil Horsky on the ‘Innovation Minds’ Podcast – How do Food Corporates Develop Innovation?

Gil Horsky, a former executive in the global food industry and currently Founding Partner of FLORA Ventures, was recently hosted on the ‘Innovation Minds’ podcast. Gil Horsky shared his insights on how global food conglomerates approach innovation and highlighted the complexity of balancing between developing innovation internally versus through acquisition or investments. Horsky notes that these companies often prioritize cost and margin over innovation, with innovation that increases that cost structure being a deal-breaker. He also shared that these companies typically use an outdated innovation model that focuses on line extensions, flavor extensions, and packaging extensions and truly disruptive incremental innovation.