A recent survey conducted by Trace Gains, which surveyed more than 300 food, beverage, and dietary supplement operations and new product development professionals, has "shown the rising cost of ingredients is pushing CPGs to modify recipes or create new formulas altogether."* The survey also finds, "As CPG brand leaders prepare for what's next, increasing supplier diversity is the most important strategic shift followed by leveraging contract manufacturers, or third-party manufacturers that make certain components or products over a specified period of time." Are you looking to source new suppliers and contract manufacturers for future projects? Join other top CPGs companies in attendance next month at SupplySide West and Food ingredients North America to connect with 1,000+ leading suppliers, learn the latest industry trends, and discover innovative ingredients and solutions to propel your business forward.
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