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The new partnership will offer companies a one-stop solution for formulation and regulatory compliance services.
By: Mike Montemarano
October 11, 2023
Centric Software, a product lifecycle management company, and Foodchain ID, a food safety and regulatory service provider, are partnering to bring enhanced regulatory compliance capabilities to product development in the food, beverage, cosmetics, and consumer products industries. Centric Software provides services to plan, design, develop, source, price, and sell products, while FoodChain ID is trusted by over 30,000 companies to keep the food and cosmetics supply chain safe and transparent. Especially at the development stage, these industries require access to trustworthy regulatory information so missteps are reduced, in order to lessen the chance of a recall. Not all product lifecycle management (PLM) platforms have strong formulation capabilities, and those that do often rely on look-ups or databases created by in-house regulatory compliance teams. The pairing of FoodChain ID’s regulatory libraries and databases with Centric’s formulation, packaging, quality, nutirtion, labeling, and artwork capabilities can give the food and cosmetics industries the best of both worlds, for one-stop formulation and compliance. “What makes this partnership with Centric Software so exciting is the ability to accelerate product innovation with Centric PLM by reducing time-consuming iterations between product development and regulatory compliance teams,” said Clinton Chadwick, vice president of strategic partnerships at FoodChain ID. “With FoodChain ID’s data sources pulling from over 220 countries, the data quality of our compliance engine is second-to-none.” “Product developers working in Centric PLM can see the immediate impact of ingredient changes against current global regulatory compliance regulations as they are formulating,” said Ron Watson, executive vice president of product at Centric Software. For example, a food or cosmetics scientist considering market expansion could evaluate a formula or ingredient against a regulatory threshold level in the target country, and adjust the formula at the development stage if necessary. “We are overjoyed about our alliance with FoodChain ID,” said Chris Groves, CEO of Centric Software. “It marries Centric’s technological expertise in food & beverage, cosmetics, beauty and other formulated goods with FoodChain ID’s extensive global databases and stellar reputation in food safety and regulatory compliance. This gives the users of both solutions confidence in formulation and the means to work seamlessly in one platform, driving even more efficiency into product development.”
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