The speed dietary supplements companies bring new products to market makes or breaks brands. Shifting regulations, tighter restrictions, evolving consumer preferences, and disrupted supply chains have made it harder for companies to innovate. There are now more consumer-driven product criteria and compliance requirements to track globally than ever before. And the enormous amount of data and information required for formula and recipe development is in silos, spanning ERP and PLM systems and static tools like shared drives and spreadsheets, with as much as 80% of a company's supply chain information living with suppliers. Join TraceGains to learn how leading brands use TraceGains NPD Suite to drive collaboration, speed up R&D, digitize everything, and achieve complete supply chain visibility.
Brokers, distributors, and importers play an increasingly critical role in the food and supplements supply chain. These companies know it's no small task to ensure proper documentation accompanies each ingredient or product – from its source to the end customer. Manually managing the flood of documentation is time-consuming and error-prone, leading to compliance issues and other concerns. Basic file-sharing systems are difficult, if not impossible, for multiple people to access and offer no way to use the data they contain to gain business insight. Join TraceGains Senior Account Executive, Amanda Torbett, and special guests from Industrial Commodities and J.M. Swank to hear how these businesses are using TraceGains to free up resources, improve customer service, and become a preferred distributor.
Fraud drains an estimated $30 to $40 billion every year from the global food industry. The Consumer Brands Association claims that roughly 10% of commercially produced food and beverage products are affected by fraud, but these figures only point to the initial economic cost of food fraud. There are health costs to consumers poisoned by tainted food, not to mention the cost of the reputation hit on a brand when adulteration occurs. A global supply chain has made it difficult for manufacturers to track raw materials' origins and made it increasingly easy for bad actors to peddle adulterated goods. The problem is even worse in the dietary supplements space, where labeling is a significant area of concern. Join AIB International Food Safety Expert Jesse Leal as he outlines six steps you can take to protect your supply chain from fraud.