TraceGains Launches Networked Intelligence Solution to Give CPGs Global Visibility into Ingredient-Level Risks
This new solution automatically flags impending ingredient shortages, potential safety recalls, and other risks amid continued supply chain disruption. TraceGains, the world’s only networked ingredients marketplace, today announced Networked Intelligence, an end-to-end solution that automates the monitoring and status of ingredient supply chains for food and beverage CPGs.
By industry demand
According to a recent “State of Supply Chain Disruption” survey, ingredient shortages have forced 37% of top CPG brands to modify more than 20 recipes or product formulas over the last two years. In addition, as the pace of product formulation picks up speed, the time and diligence required to monitor impending shortages or safety recalls for each ingredient becomes exponentially more costly.
Networked Intelligence automates the process, matching alerts directly to a company’s supply chain to eliminate time wasted on manual searches and overlooked warnings. Brands also simply alternate sourcing confidently because the system matches new suppliers, too.
Get an exclusive preview of this new technology from Snack Food & Wholesale Bakery.