Welcome!

News Feed Item

Mars, Incorporated Highlights Role of Innovation in Addressing the World's Most Pressing Challenges at Nobel Laureate Meeting

Key innovation debate held at Lindau Meeting on Economic Sciences with Nobel Laureate, Prof. Edmund Phelps; Mars Vice President of Corporate Innovation, Ralph Jerome; and 120 of the world's brightest young economists

LINDAU, Germany, Aug. 22, 2014 /PRNewswire/ -- Mars, Incorporated yesterday hosted a panel discussion on the central importance of innovation in overcoming the global challenges of tomorrow. At the 5th Lindau Meeting on Economic Sciences, Nobel Laureate Edmund Phelps and Ralph Jerome, Vice President of Corporate Innovation, Mars, Incorporated engaged the 120-strong audience of Lindau young economists and discussed how current blocks to implementing innovation—from a lack of incentives to an unwillingness to take risks—could be overturned.

Mars, Incorporated Vice President of Corporate Innovation Ralph Jerome (second from left), speaks about challenges faced by the food and agriculture industry to feed a growing population at the 5th Lindau Meeting on Economic Sciences in Lindau, Germany on Aug. 21, 2014. The Mars-sponsored event brought 120 Lindau young economists together to discuss how to overturn blocks to implementing innovation. Also pictured, from left, are Francois Koulischer, Lindau Young Economist; University Libre de Bruxelles...

Ralph Jerome spoke about the challenges faced by the food and agriculture industry in feeding a global population expected to reach over 9 billion by 2050: "Translating scientific discoveries into practical applications across the entire value chain will be needed to solve society's grand challenges."

On the approach of Mars, Incorporated's Corporate Innovation function, Jerome said, "It is important to get away from a culture of 'short-termism.' A longer-term approach can pave the way to transformational innovation that has a sustainable and lasting impact on agriculture, and society more broadly."

Edmund Phelps, McVickar Professor of Political Economy at Columbia University, New York, argued that there is a need to reinvigorate society in order to innovate at scale: "We need to restore the latitude, capacity and desire to innovate. Dynamism on a grassroots level is vital to remove the barriers we face to solving real-world challenges." Phelps was awarded the Nobel Prize for Economics in 2006 for his analysis of inter-temporal tradeoffs in macroeconomic policy.

The panel, moderated by Romesh Vaitilingam, VoxEU.org, also included the thoughts of Lindau Young Economist, Francois Koulischer, Universite Libre de Bruxelles. Speaking after his panel appearance, Koulischer commented, "Looking at the extensive topic of innovation through a wider lens has been an invaluable experience that has broadened my perspective on addressing societal challenges. I hope to apply some of the ideas that I have been able to develop here in Lindau through the exchanges with Laureates, industry practitioners and peers." 

Mars aims to develop and promote propositions with greater positive, and fewer negative, impacts on people, pets and the planet. Rather than focusing on short-term, incremental improvements, Mars is committed to driving transformational innovation that helps solve long-term challenges-from securing a safe and sustainable supply of raw materials to boosting agricultural productivity. 

2014 marks the eighth year of Mars, Incorporated's partnership with the Lindau Nobel Laureate Meetings. As well as supporting Lindau young researchers to attend the meetings, since 2010, Mars has hosted annual panel discussions focusing on interaction with young researchers and bringing together perspectives from the full range of scientific disciplines present at Lindau.

About Mars, Incorporated
In 1911, Frank C. Mars made the first Mars candies in his Tacoma, Washington kitchen and established Mars' first roots as a confectionery company. In the 1920s, Forrest E. Mars, Sr. joined his father in business and together they launched the MILKY WAY® bar. In 1932, Forrest, Sr. moved to the United Kingdom with a dream of  building a business based on the objective of creating a "mutuality of benefits for all stakeholders"—this objective serves as the foundation of Mars, Incorporated today. Based in McLean, Virginia, Mars has net sales of more than $33 billion, six business segments including Petcare, Chocolate, Wrigley, Food, Drinks, Symbioscience, and more than 75,000 Associates worldwide that are putting its Principles into action to make a difference for people and the planet through its performance.

Mars brands include: Petcare – PEDIGREE®, ROYAL CANIN®, WHISKAS®, BANFIELD® Pet Hospital, CESAR®, SHEBA®, DREAMIES® and NUTRO®; Chocolate – M&M'S®, SNICKERS®, DOVE®, GALAXY®, MARS®, MILKY WAY® and TWIX®; Wrigley – DOUBLEMINT®, EXTRA®, ORBIT® and 5™ chewing gums, SKITTLES® and STARBURST® candies, and ALTOIDS® AND LIFESAVERS® mints; Food – UNCLE BEN'S®, DOLMIO®, EBLY®, MASTERFOODS®, SEEDS OF CHANGE® and ROYCO®; Drinks – ALTERRA COFFEE ROASTERS™, THE BRIGHT TEA COMPANY™, KLIX® and FLAVIA®; Symbioscience – COCOAVIA® and  WISDOM PANEL®.  For more information, please visit www.mars.com. Follow us: facebook.com/mars, twitter.com/marsglobal, youtube.com/mars, linkedin.com/company/mars.

About the Lindau Nobel Laureate Meetings
The 5th Lindau Meeting on Economic Sciences takes place from August 19 to 23. A record number of 17 laureates of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, commonly referred to as the Nobel Prize in Economics, are participating in the meeting—among them Joseph Stiglitz, John Nash and Edmund Phelps. Approximately 450 aspiring young economists from more than 80 countries come together to share their knowledge and experiences, to gain inspiration and motivation, and to expand their contact networks. The meeting has been organised by the Council for the Lindau Nobel Laureate Meetings and the Foundation Lindau Nobel Laureate Meetings. More information: www.lindau-nobel.org.

Mars Logo

Photo - http://photos.prnewswire.com/prnh/20140821/138709

Logo - http://photos.prnewswire.com/prnh/20110928/NY76189LOGO

SOURCE Mars, Incorporated

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, addressed this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of the ...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...