The world's 1000 biggest companies increased their R&D spending by 11.4% to $782 billion in 2018

Strategy&

The world's largest companies were increasing their investment in R&D. The top 1000 firms increased their R&D spending by 11.4% to $782 billionin 2018; this is a sign that businesses are confident in their ability to innovate and bring new products and services to market. The rise in R&D spending is also a response to the increasing global competition. Companies are aware that they need to invest more to stay ahead of the curve. With the ever-changing technology landscape, businesses must continuously adapt and innovate to survive. Therefore, the increase in R&D spending is a positive sign for the global economy. It indicates that companies are willing to invest in their future.