The Daniel Carasso International Research and Innovation Center's work will focus on five areas.

Executives speaking at Nestle’s investor day demonstrated how Project Tasty has benefited the company’s P&L.

Faster speed to market has been achieved through restructuring the company's R&D process.

The 15,000-square-foot, state-of-the-art facility is located in the Dallas suburb of Frisco, Texas.

Included in the new facility is a show kitchen, R&D lab, R&D test kitchen, two pilot plants and more.