R&D Insights: How Avery Dennison Corporation and Allegion plc Allocate Funds

R&D Investment Trends: Avery Dennison vs. Allegion

In the ever-evolving landscape of 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 Allegion plc have demonstrated distinct strategies in their R&D allocations. From 2014 to 2023, Avery Dennison consistently invested more in R&D, with expenditures peaking in 2021 at approximately 136% of their 2014 levels. This reflects a robust commitment to innovation, particularly in the face of global challenges.

Conversely, Allegion plc's R&D spending saw a significant surge in recent years, culminating in a 135% increase by 2023 compared to 2014. This strategic shift underscores Allegion's focus on enhancing its product offerings and maintaining competitive advantage. As these companies continue to navigate the complexities of their respective industries, their R&D investments will likely play a pivotal role in shaping their future trajectories.