In food companies, products change quickly, as well as the number of competitors in the market. Innovation is important to develop and manage a coherent product portfolio that meets the ever changing consumers’ trends!
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The cost of raw materials remains the top overall concern for food industries and manufacturers. Regarding extreme price volatility of raw materials it becomes a real challenge for food companies to remain competitive and assure sustainable margins. Crops, dairy products, oils, chemicals have high influence on companies' bottom line results.
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Exporting cosmetic products to China or Brazil is as profitable as it may be complex regarding their regulatory frameworks. In Paris, a few days ago, took place the annual COSMED meeting, dedicated to product compliance. It allowed the participants to get the picture of different trends and regulation frameworks thanks to the contribution of national experts. Throwback to this event with a few insights about Chinese and Brazilian cosmetic markets.
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On March the 22nd, 2019 took place in Paris the COSMED annual international meeting regarding regulatory compliance management for cosmetic products. North American, Asian, and South American regulations and market situations have been widely discussed. Here is the key information to keep in mind, summarized by our regulatory expert on site.
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The Consumer Goods Forum (CGF) – a network of 400 members across 70 countries – has urged food companies to simplify food date labels by 2020 in an effort to reduce consumers’ confusion related to “used/sell by” dates, and to prevent food waste.
But How and why simplifying food date labels?
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The language as well and governmental barriers of each country has made it difficult to internationalise products. In the past years, however, there has been a large worldwide mobilisation to improve labeling for consumers. Download Lascom’s White Paper here, to learn how to internationalise with ease.
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ERP systems enable organizations to plan for orders and profitability by providing manufacturers with a real-time picture of their financial status. With an ERP system in place, companies can track orders from receipt through production and delivery in order to gain a better understanding of inventory levels, delivery lead times and production bottlenecks.
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Let’s take the example of the French industrial specializing in desserts grouped under the name “Yoghurt”. In this industry, there are many ingredients for a product, and there is, therefore, a lot of information necessary for R&D to be calculated such as for example nutritional value and the cost which is why a PLM solution is essential to keep everything clear and on track.
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Safety Data Sheets (SDS), also known as Material Safety Data Sheets (MSDS), contain information on potential health hazards associated with exposure to chemicals or other substances that are Potentially hazardous.
The Safety Data Sheet specifies the composition of a chemical (substance or mixture), identifies hazards, recommends preventive measures (collective and individual) and first aid. In other words, it is a crucial piece of documentation for the health and well-being of consumers.
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Streamlining your product development process is essential to ensure that your deadlines are respected and your products hit the shelves on time. It is also important to create a smooth process as it can make the difference between the success and failure of your products. As a Food and Beverage professional, you need to implement the best practices that will considerably improve your product development, hence, minimizing the possibility of product failure.
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Choosing the Best PLM Software
PLM SUCCESS STORIES
Guide : speed up your product development
