Word: production
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...Givaudan are thriving. The global market for flavored packaged foods tops $1 trillion, and consumers spend hundreds of billions on scented cleaning and hygiene products. In the flavor-and-fragrance industry, the toughest battles are fought not behind the perfume counter but on grocery-store shelves. When whipping up a product meant to hook billions of taste buds and olfactory receptors, the biggest consumer-product corporations in the world don't gamble on hunches. That's where the million-dollar noses come...
...only thing more closely guarded than its client lists are the formulas in IFF's manufacturing process. No two production operators have a complete recipe, and the employees who compile ingredients aren't privy to the name--or even the type--of a final product being prepared. A stolen vial of manufactured fragrance isn't the easiest thing to fence on the open market. "It would be very unusual to sell a fragrance or ingredient for more than a few million dollars," Amen says...
...clients. The company devotes 9% of its revenue, or $185 million a year, toward research and development, employing more than 100 scientists whose task is not just to brew up new smells and flavors but also to rethink how smells and flavors are embedded in products. That investment is a sunk cost for fragrance companies; they get paid only when a manufacturer buys the finished product as an ingredient. So IFF makes money on volume. A sodamaker, for example, would buy vats of flavoring for every batch of a popular drink. But unlike other raw ingredients, like corn syrup...
...upon. "Not everyone who blends a few ingredients is a true perfumer," says Subrenat. "Just as not everyone who burns a steak at home is a three-star Michelin chef." The best scent specialists are so savvy that they can identify the most prominent three "notes" in any commercial product with a smell, and can often guess who designed...
...roommate’s jokes? Then head over to Faneuil Hall for some professional comedy. Tracy Morgan brings his stand-up from Saturday Night Live to Boston. Comedy Connection, $27, Faneuil Hall, 2nd floor Quincy Market building, Boston. Friday, 8 p.m. and 10:15 p.m. 5. Objects of Desire: Product Poster Masterpieces Is your room covered with those classic “Got milk?” ads? Then the International Poster Gallery’s spring show is the perfect break from studying, where vintage and modern masterpieces are on display. International Poster Gallery, 205 Newbury St. Boston. Through...