Among executives surveyed, 64% plan on investing more in new product development this year.

James Jones will direct technical aspects of product research and development and commercialization.

The company's Agile Kitchen is designed to facilitate collaboration.

The Daniel Carasso International Research and Innovation Center's work will focus on five areas.

Executives speaking at Nestle’s investor day demonstrated how Project Tasty has benefited the company’s P&L.

Faster speed to market has been achieved through restructuring the company's R&D process.

The 15,000-square-foot, state-of-the-art facility is located in the Dallas suburb of Frisco, Texas.

Included in the new facility is a show kitchen, R&D lab, R&D test kitchen, two pilot plants and more.