Nutraceutical market expects huge growth in next 5 years but how are you preparing?
The global nutraceutical market is expected to reach more than $278 billion in 2021, according to a report from Transparency Market Research. Yet the criteria to meet certain regulations and certifications are becoming more complex to achieve. The nutraceutical industry’s fast-paced nature and opportunities are encouraging manufacturers to re-evaluate the technology they currently have in place. FutureCeuticals, a thriving nutraceutical manufacturer, is one of the most recent examples of such a business that their existing ERP system could not support the ever-changing industry.
“We operate manufacturing and research facilities in the U.S.A. and Europe that are cGMP-compliant, HACCP-compliant, kosher-certified, and certified organic by Quality Assurance International and the state of California,” said Jeff Van Drunen, President of FutureCeuticals. “Maintaining these classifications is critical to protecting our reputation as the trusted partner of choice for our customers.”
Previously leveraging a traditional ERP solution, the software did not properly connect the various business elements of their business. Sales, warehousing, farming, manufacturing, legal, marketing, quality, and clinical R&D platforms operated as separate entities rather than part of a cohesive environment. In order to grow efficiently and capitalize on the opportunities within the nutraceutical industry, the team found comfort in the power and simplicity of DEACOM ERP.
“Deacom’s business practices and software mitigates these concerns and exceeds all of our expectations of an ERP provider: support before, during, and after implementation; flexibility to evolve alongside our business; industry-specific focus; and a robust set of tools to strengthen process control,” continued Van Drunen.
Similar to Deacom, FutureCeuticals strives to deliver a quality product that surpasses the industry standard. The two companies share a commitment to ongoing improvement and fully leveraging available resources in order to continue leading the market.
To read the full press release, click here.