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Food, Beverage, and Supplements Brand Owners and Manufacturers Struggle to Quickly Source Ingredients, Items, and Raw Materials
Food, beverage, and supplements companies have unique challenges:
- Buyers have a hard time finding the right items and ingredients, hampering new product development, product reformulation, and production.
- Incomplete online directories and general search engines produce off-target results making it challenging for buyers and sellers to find each other.
- Online searches often provide thousands of results, forcing buyers to navigate multiple web pages looking for the right item.
- Once items or ingredients are found, too much time and effort is spent reviewing documentation and on follow-up questions to verify key characteristics like organic, non-GMO, technical specs, etc.
- Ordering samples, securing documents, and follow-up Q&A over the phone and through email is time consuming and inefficient.
- Disconnects across Quality, Procurement, and Regulatory departments can cause further delays.
Achieve Precise Sourcing Fast with Market Hub
TraceGains Market Hub is a robust sourcing directory for ingredients, items, packaging, and service providers. When your team needs to find a new item, raw material, or ingredient, speed and accuracy are crucial to keeping R&D moving and Quality covered. Search by country of origin, location, halal, kosher, allergens, organic, and several other filters to quickly find what you need. No more calling around or sending emails, just fast, secure, qualified procurement.
Did you know your team can source from your approved suppliers on Market Hub? On average, companies find 80% of their suppliers already on Market Hub. Just connect, filter your ingredient search by connected suppliers, and you have your target list. And if your current suppliers don't carry the ingredient you're looking for, simply remove the filter and find other qualified suppliers that meet your specifications. And the best part? All the required documents are instantly available the moment you connect from an ever-growing library. With a supplier network spanning the globe, teams can rapidly cut time to market with precise sourcing fast.
Market Hub is Complimentary with Supplier Management
If you own TraceGains Supplier Management, you also own Market Hub. The combined solution allows companies to take control of their supply chains.
FASTER
TIME-TO-MARKET
Delivers quick access to raw materials, ingredients, packaging, and more from qualified suppliers
ITEM
LISTS
Allows teams to create and maintain item/ingredient lists based on precise criteria: organic, non-GMO, etc.
CLEAN
LABEL CREATION
Helps create the clean-label products customers now expect from brands they trust
NEGOTIATION
POWER
Gives manufacturers and brand owners more choice to negotiate terms and meet exact specifications
INCREASED
COLLABORATION
R&D, Quality, Procurement, and Regulatory departments can share notes within Market Hub for faster sourcing
SAMPLE
REQUESTS
Allows teams to connect with suppliers to instantly collect documentation, collaborate, request samples, and more
"We used Market Hub to identify a supplier for an ingredient and were able to complete the necessary qualification activity within a week using TraceGains – a process that has historically taken several weeks to months! The supplier recently received their first large purchase order!"
– Sarah Hazaert, Supply Quality Manager, Nature’s Way
