Industrial research and development, 2020 (actual), 2021 (preliminary) and 2022 (intentions)

June 24, 2022, 8:47 a.m. (EDT)

Behind every great product or service that consumers enjoy lies an idea that was developed, tested and produced through research and development (R&D). Committing finances and resources to R&D provides companies with opportunities to create new goods and services or adapt existing products to remain competitive and profitable in the long term.

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