Market Research Report: TraceGains, Inc.

Company Overview

• Name: TraceGains, Inc.

• Mission: To revolutionize consumer packaged goods’ (CPG) supply chain agility.

• Founded: No information is available.

• Founder: Gary Nowacki

• Key People:

• Adrián Fernández, President

• A.J. Dolan, CTO

• Amanda Torbett, Director of Sales

• Gary Nowacki, Founder

• Others include technical managers, directors, and senior vice presidents across various departments.

• Headquarters: 12303 Airport Way, Bldg. I Ste. 180, Broomfield, CO 80021

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Providing holistic networked solutions to global brands for compliance and product development in the food and beverage industry.

Products

• Products Offered:

• TraceGains Networked Ingredients Marketplace: An online platform connecting global brands with suppliers. Key features include advanced sourcing capabilities with criteria like country of origin and certification filters.

• Supplier Management Suite: Automates onboarding, qualification, and management of suppliers, offering a centralized database for document and information management.

• Specification Management: Allows for the creation, publishing, and updating of raw materials and finished goods specifications, enabling collaboration and compliance tracking.

• Quality Management: Centralized control for document review and approval, streamlining quality checks across operations.

Each product focuses on enhancing supply chain transparency, compliance, and collaboration within the food and beverage industry.

Recent Developments

• Acquisition by Veralto: TraceGains was acquired by Veralto to expand its capabilities in safety, traceability, and compliance in the food and beverage industry. This partnership aligns with Veralto's product quality offerings.

• Partnerships: Formed partnerships with companies like DitchCarbon and Sustained to enhance compliance and innovation solutions.

• Technical Enhancements: Introduction of new digital workflow solutions to replace legacy systems, improving efficiency and collaboration among suppliers and manufacturers.

• Operational Growth: Demonstrated strong financial performance with significant revenue growth in the first half of 2024, driven by global demand for supply chain solutions.

Key Features and Innovations

• Networked Collaboration: Platform facilitates communication across 61,000 supply chain locations, increasing agility and resilience.

• Diversity and Inclusion: The company has an active Diversity, Equity, and Inclusion Committee, indicating a commitment to workplace inclusivity.

• Automation and Innovation: Regular improvements in digital solutions to streamline processes and enhance compliance.

• Employee Engagement: Encourages innovation through internal creativity contests and charitable programs.

Recent Achievements

• Recognized by Food Logistics and Supply & Demand Chain Executive as a top software and technology solution for the food logistics sector.

• Successfully held its annual Together Conference, engaging industry leaders to tackle challenges in the F&B space.

No information is available for fields not mentioned in the report.