Cibi e Bevande
New Report Shows 64% of CPGs Willing to Prioritize ESG-Compliant Food Production But Hampered by High Ingredient Costs, Lack of Standards and Supplier Sourcing
Despite the challenges, most food and beverage brands expressed a strong desire to embrace environmental, sustainability and governance objectives with many seeking the ability to stand behind claims to ensure that ingredients in their supply chains are properly sourced and labeled.
Brands have a strong desire to build ingredient supply chains that align with ESG goals, but general market confusion over sustainable food labeling and the lack of formal guidelines to validate ESG partners create barriers to success.
Regardless of the challenges, food and beverage brands are intent on becoming more ESG-compliant with some emerging brands committed to sacrificing a profit to do so.
"We applaud the willingness of brands and manufacturers to foster and uphold ethical and sustainable practices, and their commitment to 'walk the talk' to prevent products from hitting the shelves that don't align with ESG goals," said
Paul Bradley , Senior Director, Product Marketing. "Our report shows that even with good intentions, actually delivering on ESG promises across the business demands unwavering dedication."
To learn more about how CPG companies can prioritize ESG compliance, visit https://www.tracegains.com/ .
From June 22 through July 7, 2023 , TraceGains conducted an online survey of 343 food and beverage leaders across quality, operations, safety and R&D roles at large CPG companies in North America , the UK, EMEA, APAC, and LATAM, with 61% of survey respondents reporting revenues upwards of $25M .
TraceGains, the world's only networked ingredients marketplace, connects the global consumer goods supply chain through its innovative TraceGains Gather™ platform. Enterprises and suppliers can easily collaborate to exchange critical information, data, and documents and work together to solve today's unprecedented supply chain challenges. Information about ingredients and supply chain partners applies to a company's unique supply chains using artificial intelligence and automation. Our patented PostOnce™ technology allows authorized stakeholders to share and receive vital information, precisely when, where, and how they need to operate efficiently and remain competitive. Through the power of a global network, supply chain agility is achievable. To learn more, visit www.tracegains.com .
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