Westminster, CO -- (SBWIRE) -- 08/27/2014 -- TraceGains, a leader in supplier document management in the food industry, addressed the opportunities for growth in the food processing industry. The infographic is posted on the company’s blog.
The food production industry is slated to become a $2.45 trillion industry in 2015. There are 21,000 US companies that generate $650 billion in combined revenue in processed meats, baked goods, pet foods, and processed fruit and vegetables industries.
The food manufacturing industry continues to grow in dairy manufacturing, crop production, meat product manufacturing, seafood processing, snack food manufacturing, beverage manufacturing, animal production, and commercial bakery production.
There are several challenges that face the industry including, food contamination, volatile ingredients prices, dependence on large customers, food recalls, and fierce competition.
To view the infographic, go to: http://www.tracegains.com/blog/expected-growth-in-food-processing-in-2015-infographic.
TraceGains (http://www.tracegains.com) provides food and ingredient manufacturers and brokers with a web-based, full-service supplier, compliance, and regulatory document management solution that automates the management of supplier risk, data, and documentation, making companies 365 Audit Ready™.
TraceGains’ cloud-based SaaS solution works with in-house solutions such as quality management systems (QMS), enterprise resource planning (ERP), and product life-cycle management (PLM), to close the loop on upstream risk. This solution provides collaborative supplier management, and eases compliance with the Food Safety Modernization Act (FSMA), the Global Food Safety Initiative (GFSI), and internal business compliance requirements including hazard analysis and critical control points (HACCP).
TraceGains digitizes all incoming supplier documents, making them easily searchable. TraceGains also extracts critical data and analyzes them against customer-specific business and compliance rules, alerting stakeholders to any non-compliance.
TraceGains’ customers boast a four to six month return on their investment. TraceGains is Food Logistics Top 100 software and technology providers. Learn more about conquering the supplier data revolution at: http://www.tracegains.com/supplier-data-revolution. Follow TraceGains on Twitter @TraceGains.
Director of Media and Content