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Analysts say the company has to do better creating new products.
September 7, 2012
By: TOM BRANNA
Editor
For a company that boasts more than 1,000 doctors, Procter & Gamble’s research and development efforts look a little sick, according to industry analysts in a recent Bloomberg article. To be specific, P&G has more than 1,000 Ph.D.s among the 8,000 employees at its 26 innovation facilities around the world. Spending on research and development in fiscal 2012 ended June 30 was $2.03billion, or 2.4% of sales, the same as the prior year and down from 3%of sales in 2006. Despi...
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