48% of food and beverage manufacturers noted that ensuring compliance with current and future regulations is their top pressure.
As, mandates such as the Food Safety Modernization Act and GS1 standards are constantly evolving and changing, it makes difficult for businesses to enforce compliance and avoid fines.
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More than 200,000 emergency visits are due to Food allergies each year. Up to 15 million Americans suffer from food allergies, affecting 1 in every 13 children under the age of 18 and bringing the economic cost of children's food allergies alone to an estimated USD 25 billion per year*.
The increasing volume of recalls due to raw ingredient allergens is alarming. Inconsistent use of allergen risk communication, such as the clear declaration of the presence of allergens on labels, contributes to consumer confusion on what is safe to eat and drink
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To remain competitive, personal care and cosmetics professionals have to be extremely aware of new trends and boost their innovation processes. Reduced time to market, ineffective collaboration, out of date product information, lack of traceability are even worse in this market segment than in any other one.
To benefit from competitive advantages on the marketplace, more and more companies implement PLM suite to assist them in their products lifecycle and management processes. A PLM is a powerful tool to help companies with daily challenges.
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The following are few of the questions that professionals in the food industry or food service may ask when they do not have a PLM:
These questions are best answered by the use of a PLM.
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PLM (product lifecycle management) is a key element in business success. A study has shown that an effective management tool considerably helps business to not only better manage their product portfolio but also their global strategy. Having a single data repository and using it the right way helps top performing companies to improve growth and margins.
The infographic below explains the advantages of setting up a single data repository to better manage products ranges.
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