Through elegant integrations, brands now
obtain supply chain visibility on a single supplier risk management
platform
WESTMINSTER, Colo.,
July 16, 2024 /PRNewswire/ --
TraceGains, the global leader in networked compliance, quality, and
innovation solutions for the food and beverage industry, today is
excited to announce a strategic partnership with Sustained, a
premier platform for sustainable product development through
detailed life cycle analysis.
This collaboration merges Sustained's robust product and
ingredient lifecycle analysis tools with TraceGains' comprehensive
solutions suite, enabling unparalleled transparency, efficiency,
and sustainability. In a market where 50% of F&B companies are
willing to halt production on new products that don't meet
Environmental, Social, and Governance (ESG) guidelines, this
partnership sets a new standard for compliance and innovation,
helping companies avert disruptions to their product launches and
go-to-market motions.
"TraceGains is renowned for helping customers manage and
leverage supplier information for critical decision making," said
Carl Olivier, CEO and Co-Founder of
Sustained. "With this partnership, we're integrating unmatched
environmental intelligence into that proven model, making
high-resolution lifecycle analysis a natural part of product
development."
Sustained's insights and actionable data provide businesses with
a comprehensive view of the environmental impact of their products
and ingredients. This supports efforts to reduce carbon footprints,
pollution, water and land use, while optimizing resource
consumption and ensuring corporate alignment with global
sustainability goals. Integrated with TraceGains Networked
Ingredients Marketplace, brands can make informed, sustainable
sourcing decisions early in the product life cycle, enhancing
product formulation, specification development, and supplier
performance management.
Together, TraceGains and Sustained offer an exclusive
perspective on item-level climate impact data, empowering companies
to measure the environmental footprint of individual ingredients
and products. This collaboration brings climate impact data to the
forefront of the R&D process, facilitating material evaluation,
sustainability score comparison, and innovative product
development.
Gary Iles, SVP of Marketing for
TraceGains, adds, "The industry demands streamlined sustainability
decision-making. TraceGains has always excelled at consolidating
global data into a powerful platform. This partnership with
Sustained extends that capability, delivering against industry
demands of streamlined decision making and transforming
sustainability into a seamless, everyday practice."
Today's news follows TraceGains' recent expansion of its
networked ecosystem, which established a new benchmark in ESG
readiness and compliance. By combining TraceGains' compliant supply
chain management with Sustained's environmental impact product
development insights mark the first of many upcoming integrated
solutions poised, this partnership is set to transform the global
food and beverage industry. This powerful synergy reduces costs and
risks, accelerates time to market, and enhances both efficiency and
corporate responsibility. TraceGains is the only global company,
through AI, capable of mapping third-party data across a
manufacturer's supply chain, solidifying its position as the
industry's innovation leader.
About TraceGains
TraceGains is revolutionizing the
food and beverage industry with advanced and integrated digital
solutions for compliance, nutritional calculation and labeling, and
new product development (NPD). Trusted by over 1,200 global
clients, including half of the top 100 food and beverage
manufacturers, the TraceGains network connects brands via a vast
ecosystem of 80,000 supplier locations, along with a comprehensive
database of 550,000 ingredients and products. Enriched with global
horizon scanning and Environmental, Social and Governance (ESG)
information, TraceGains automates processes and insights to
navigate the inherent complexities of the global food and beverage
industry.
About Sustained
Sustained was founded with a clear
vision to help individuals and businesses worldwide make decisions
that help reduce impact on the environment. The Sustained Impact
platform helps food brand owners and manufacturers to more
accurately assess their environmental impact from a product and
value chain level. Using the insights gained they are able to
identify impact reduction levers and act on this decisively through
product redesign, unlocking transparent communication to
stakeholders and customers. www.sustained.com
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