Avery Dennison Corporation vs ITT Inc.: Strategic Focus on R&D Spending

Strategic R&D Investments: Avery Dennison vs. ITT Inc.

In the competitive landscape of industrial innovation, research and development (R&D) spending is a critical indicator of a company's commitment to future growth. Over the past decade, Avery Dennison Corporation and ITT Inc. have demonstrated distinct strategies in their R&D investments. From 2014 to 2023, Avery Dennison consistently increased its R&D spending, peaking in 2021 with a 33% rise from 2014 levels. Meanwhile, ITT Inc. showed a steady growth trajectory, culminating in a 34% increase by 2023. This strategic focus on R&D underscores both companies' dedication to innovation and market leadership. As the industrial sector evolves, these investments are likely to play a pivotal role in shaping their competitive edge. The data reveals a fascinating narrative of how two industry giants prioritize innovation to secure their future.