What is Market Hub?
Market Hub is a comprehensive catalog powered by TraceGains Network that allows customers to source items, ingredients, and packaging and helps users determine which suppliers are the most accurate and compliant in providing documentation.
TraceGains customers, manufacturers, and brand owners can quickly qualify new items or suppliers and access quality/regulatory documentation from an ever-growing content library. With a supplier network spanning the globe, buyers can rapidly cut time-to-market by leveraging robust search criteria.
TraceGains customers can easily access every supplier group, and item, and document that’s tagged as “Discoverable” in Market Hub, including more than 13,000 suppliers, 140,000 items, and 1.1 million documents. If you’re using Supplier Management, your company already has access to the Market Hub platform.
Market Hub Features
Let’s explore Market Hub with an example: Say you’re looking for sea salt to use in your organic granola recipe. Market Hub is a central location that allows you to search for sea salt while making sure the supplier checks all your boxes:
- Is the product organic?
- Is the product within 100 miles?
- Does it have all the correct documentation?
- Is the supplier compliant and responsive?
Use Market Hub to answer those questions and you’ve found the best sea salt.
Perhaps instead of sea salt, you’re considering using Himalayan salt in the recipe.
That’s where Smart Library comes in - this feature of Market Hub is the largest database of ingredients in the industry. Smart Library is your one-stop shop to research a new ingredient.
These are the Smart Library item search results: Overview, Regulatory Information, Warnings and advisories, Side effects and interactions, Studies, and Product that include the ingredient.
After your research, you’ve decided you want to move forward with Himalayan salt. But before committing, you want to make sure the supplier you found hasn’t had any compliance-related issues in the past year.
Smart Alerts in-app notifications alert you without having to navigate away from your most recent Market Hub inquiry.
Empower Your Team
Now that you’ve found the best Himalayan salt for your organic granola recipe, it’s time to work with your team and suppliers on TraceGains to complete the recipe!
- Save searches
- Share finds with stakeholders
- Request samples
- Create lists
- Import into formulas and specifications
- RFP postings
Customers on Market Hub
“Our team uses Market Hub to look for new suppliers and see what they can offer It’s a huge help to have one system with suppliers and their documents readily available to you and your supply chain. It’s a lot easier to switch suppliers and resources if that becomes necessary.”
- Tom Dubinski, VP of Quality Systems
“Market Hub gives us instant access to more ingredients so we can innovate with new recipes and products for our customers to enjoy. In addition, it helps us do a better job taking care of food so we can take better care of our customers.”
– April Montgomery, Supplier Quality Manager, Daily Harvest
“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
“We use Market Hub to find new suppliers when a vendor performs poorly, or our preferred vendors don’t carry an ingredient or item that we need. It saves us an enormous amount of time compared to how we had selected and onboarded vendors in the past. Just a few clicks and we’re connected, and we instantly have the documentation and information we need.”
- Celia Workman, Director of Quality Assurance
"Market Hub excited me because these are our prime suppliers. I can say 'Hey R&D, if you want to shop for an ingredient, here's your catalog."
- Andy Gillett, Purchasing Manager
How TraceGains and Market Hub Helped ANS Transform Product Lifecycle
Finding the right ingredients and suppliers was difficult for ANS, especially for international connections. With limited access to ingredient documents and information, selecting a supplier to qualify felt like a shot in the dark.
Market Hub, now bundled with Supplier Management, helped turn on the lights. ANS takes advantage of the robust sourcing directory to find and qualify new items, ingredients, and raw materials, while instantly collecting all the necessary supporting documentation with the click of a mouse.
Market Hub Success Stories
Ready for a long-term, rewarding, and mutually beneficial relationship?
Find a true partner – a business partner that is – with Market Hub, the CPG industry matchmaker, and robust sourcing directory for ingredients, items, packaging, and service providers. It’s all included with Supplier Management. Request a meeting with your Customer Success Manager (CSM) or Account Executive today to learn more about how your company can start leveraging Market Hub.