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
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...