Staying Ahead of the Curve of Product Traceability with Formula-Based PLM

With the rise of global food supply, wide-reaching transparency in food safety, inspection and regulation has touched all aspects of the food and beverage industry. Today, food and beverage companies are not only responsible for providing information about their ingredients from the point of packaging to consumer, but they must also provide fidelity down to the source. Companies are facing a greater volume of complex product questions from all sides of the business: consumers, distributors and global, national and local regulatory agencies all want specific details in order to make informed rules and safe health choices. As regulations evolve based on market conditions and consumer requests, manufacturers are digging down to the tiniest components of their formulas to trace and update source and maintain compliance, and doing it again and again as regulations evolve and certain ingredients.