A Focus on New Product Development:
The ability to invent, envision and create something new is central to ITW Pro Brands' profitable growth. Our innovation is market-driven from the outside in. We draw deep insights from our key customer relationships through the voice of the customer, and then focus our efforts on designing and patenting new products that address specific pain points. We value new ideas and development of differentiated products that contribute to ITW's overall strong culture of sustainable differentiation through innovation.
Customer-Back Innovation Approach = How We Innovate:
At ITW Pro Brands we innovate from the customer back, not from the research and development center out. We invest in partnerships with our key customers to create unique solutions that solve process challenges and improve business performance. The deep capabilities and creativity of our people is evidenced by the ITW portfolio of approximately 18,000 granted and pending patents, including more than 1,700 new patent applications filed in 2018.
A Focus on Product Stewardship
At ITW Pro Brands we are committed to prioritizing the health and safety profile of our products as well as minimizing their environmental impact. For this reason, we thoroughly evaluate a product's life cycle and closely monitor its impact to ensure continuous improvement throughout production, storage, transportation and disposal. ITW Pro Brands' regulatory and development experts are responsible for leveraging various resources to develop innovative solutions for our customers. As regulations evolve, we strive to maintain an updated product line and provide our customers with current and accurate information to help them overcome regulatory challenges.
ITW Pro Brands' Regulatory commitment:
- Ensure that adequate information is available to assess the safety of each product for its intended uses
- Ensure that environmental impacts are considered through product design and improvement processes
- Ensure that customers have access to current and accurate product information to assist them in selecting a product that meets their needs