TraceGains opens access to its global ingredients marketplace that helps food and beverage CPGs source alternate suppliers

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TraceGains (Westminster, CO), which describes itself as “the world’s only networked ingredients-sourcing platform,” announced it has opened global access to its Networked Ingredients Marketplace, starting with its TraceGains Gather ingredient marketplace. TraceGains Gather “helps food and beverage CPGs source alternate suppliers, maintain a steady supply of ingredients at the best possible price, and secure their supply chain against ongoing disruptions like transportation delays, labor shortages, and rising costs," the company's press release says.

TraceGains Gather is meant to "remove the roadblocks of broader enterprise software decisions from end users by giving them immediate individual access to solutions…” the company explains. Adds John Thorpe, TraceGains’ principal product manager, “TraceGains Gather is an open marketplace for information exchange, and it’s doing for the consumer goods supply chain what user-centric solutions like LinkedIn, Slack, and Zoom have done for their respective industries. It empowers users to tap into a vast and growing network of people and information to immediately collaborate without friction.”

The system also works by “automatically flagging impending ingredient shortages, potential safety recalls, and other risks…” The company says TraceGains Gather is designed to allow companies to network with speed and agility. The company did a beta-launch of TraceGains Gather this past July. The marketplace now has 50,000 users across nearly 20,000 CPG companies, the firm says.