Together, we’re in new territory with COVID-19. While there’s no blueprint, TraceGains works closely with our customers, suppliers, regulatory experts, and business partners to navigate this unprecedented environment.
Food, beverage, and dietary supplements companies have been particularly susceptible to the impact of a global outbreak on short and long-term planning because of the combination of unpredictable consumer demand and supply chain disruption. Even if the demand for food, beverage, and supplements remains high, meeting it will remain a challenge with the pandemic affecting production line employees. Because the timeline remains uncertain, manufacturers, distributors, and retailers must prepare to continue to engage in significant changes in approach.
During this pandemic, companies have been dealing with strained supply chains that demand faster, more efficient sourcing, reduced FDA inspections that require virtual audits, and unpredictable disruptions that call for better risk management.
“Within the first 30 days, we identified new sources through Market Hub for a very critical project. We’re now able to complete a qualification activity that, in some cases, would have taken up to six months, in a day or two. We’re seeing quick wins from sourcing using Market Hub.” Sarah Hazaert, Supply Quality Manager, Nature’s Way
Check out our infographic for a snapshot of how TraceGains products can help streamline operations now so your business can emerge stronger from this threat.