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3M now spends 5.8% of its sales on R&D, up from 5.3% in 2011.
March 11, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
In the last five years, 3M has invested nearly $8.5 billion in research and development, the symbolic heartbeat of the company, that will help nurture fresh and innovative ideas. The company continues to increase that investment. It now spends 5.8% of its sales on R&D, up from 5.3% in 2011. “Finding innovative solutions doesn’t happen by accident, you must devote time, energy and capital to encourage a culture where people feel empowered to look for them,” said Ashish Khandpur, 3M SVP of...
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