Challenges Faced by the Latin American Retailer
The Strategy and Innovation team of a well-established, leading Latin American retailer, aimed to accelerate their digital transformation and sought to partner with start-ups to co-innovate. However, while operationalizing the co-innovation strategy, the team encountered a few key challenges –
How Zinnov Helped
The Zinnov team adopted a two-phased approach, commencing with the design phase, where we formulated the playbook for co-innovation, and subsequently, moved on to the operational phase.
In the design phase, Zinnov developed a set of assets for the Innovation team –
Over the course of the following year, the Zinnov team worked closely with the Strategy and Innovation team, to facilitate effective collaboration with onshore business leaders, offshore technology teams, and legal and compliance departments, thereby resulting in an increased pace of experimentation.
Throughout the 18-month engagement, the client approved 17 POCs across verticals, such as Digital Commerce, Logistics, and Fintech. 9 POCs have been successfully completed, and the client has chosen 2 of the participating start-ups for implementation at scale, across markets.
*To protect the privacy of our clients, names have been changed. The results, however, are 100% real.