
04/12/2025
Product teams love conceptualizing and launching great products. Engineering teams love solving problems and building great products. Businesses love the foundation for growth and revenue that great products provide.
So why have manufacturing and technology sectors come to accept a 50-80% failure rate for new product ideas (1)? Looking at the Consumer Packaged Goods industry, a Nielsen report claims up to 85% of products will cease to exist in 2 years (2). And those statistics don't even consider the fact that around 90% of startups fail (3,4). This provides a startling reminder that your great idea may not be as great as you think.