TraceGains Closes Strong Q1, Doubling European Presence and Launching Industry-First AI Tech Amidst Recognition on 'FoodTech 500' List in Top Percentile
Source-to-Shelf Networked Ecosystem Provider Appoints European Regional Sales Director, Launches AI-Powered Compliance Solution and Tops 'FoodTech 500' List
WESTMINSTER, Colo., April 15, 2025 /PRNewswire/ -- TraceGains, the leading provider of compliance, quality, and innovation solutions for the food and beverage (F&B) industry, today announced it has outperformed in Q1 across multiple areas including its leadership team, global presence, technology innovation and business performance. TraceGains' string of accomplishments includes: the appointment of Michelle Henry as Regional Sales Director to oversee growth in Germany, Austria, and Switzerland (DACH market), recognition as #31 on the global 2024 FoodTech 500 list, a new AI-powered Intelligent Document Processing (IDP) solution and record-breaking attendance at its annual Together conference.
Michelle joins TraceGains from Esko, a Veralto company and global provider of integrated software and hardware solutions that accelerate the go-to-market process of packaged consumer products. She previously held the role of Sales Manager for EMEA Brands. At TraceGains, she will focus on new hires in Europe, rapidly expanding regional sales coverage, and scaling European revenues for TraceGains and Esko's integrated source to shelf solution for unified product and packaging innovation.
'With the power of Veralto behind us, we are fast-tracking market expansion and growth to help global F&B brands manage today's supply chain challenges and regulatory nuances,' said Gary Iles, SVP of Marketing and Business Development at TraceGains. 'We're fortunate to have Michelle's leadership to accelerate our vision of helping food and beverage brands solve real-world challenges using the most advanced technology available such as AI and creating a source to shelf ecosystem that help brands remain agile amidst unforeseen economic challenges that may lie ahead.'
'Joining the TraceGains team is an amazing opportunity to build on the company's rapid growth in Europe as global F&B brands look for integrated, end-to-end solutions to improve the integrity and resilience of their global supply chains,' said Michelle Henry. 'Alongside the TraceGains team, I look forward to helping European F&B brands ensure product safety, regulatory compliance and sustainability while achieving their business goals.'
Following its largest ever annual Together conference drawing 3,200 registrants, the company unveiled Intelligent Document Processing – a vertically tailored AI-powered solution optimized for the industry built on OpenAI and enhanced with a proprietary knowledge layer derived from decades of contextual F&B data unique to TraceGains. The solution streamlines Certificate of Analysis (COA) processing, replacing manual 'stare and compare' methods to ensure a product's compliance in terms of quality, performance, and safety.
In March 2025, TraceGains was also recognized by ForwardFooding as #31 on the global 2024 FoodTech 500 list, which highlights companies that are acting as a force of good for creating a brighter future of food. With over 1,400 applicants from 50 countries, TraceGains ranks in the top 2% of candidates.
For more information, please visit tracegains.com.
About TraceGains
Founded in 2008, TraceGains has revolutionized the food and beverage industry with the first Source-to-Shelf networked ecosystem. By digitizing processes and insights using advanced Artificial Intelligence, TraceGains provides comprehensive solutions for compliance, nutritional calculation and labeling, new product development, environmental, social, and governance, and packaging in collaboration with Esko and other Veralto companies. Our clients capitalize on these tools to navigate the complexities of the global food and beverage industry, ensuring safer, compliant products reach customers faster and at reduced costs, thereby creating a competitive edge in their market launches.
Trusted by over 1,500 global clients, including more than half of the top 100 food and beverage manufacturers, the TraceGains network connects brands through a vast global ecosystem of 90,000 supplier locations and over 600,000 ingredients and products.
View original content to download multimedia: https://www.prnewswire.com/news-releases/tracegains-closes-strong-q1-doubling-european-presence-and-launching-industry-first-ai-tech-amidst-recognition-on-foodtech-500-list-in-top-percentile-302428609.html
SOURCE TraceGains
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
44 minutes ago
- Yahoo
China's Rare Earths Weapon Could Kill Europe's Auto Industry
China earlier this year introduced restrictions on its exports of rare earths. The move marked a new stage in the US- China trade spat, when the two sides no longer tried to out-tariff each other but took to more concrete steps. The problem is, the restrictions don't just apply to U.S. companies. And they may well deliver the fatal blow to Europe's struggling auto industry. China controls 90% of the world's rare earths processing capacity. It is the indisputable, if not exactly celebrated in the West, master of the rare earths industry. And now, it is using this position to make a point to trade partners that have gone above and beyond to restrict Chinese exports to their own countries and regions—essentially the same thing that Washington does when it uses the dominance of the dollar to sanction governments it doesn't see eye to eye with. Rare earths are used in a perhaps surprisingly wide variety of products. More specifically, it's rare-earth magnets that are troubling carmakers on both sides of the ocean. 'Without reliable access to these elements and magnets, automotive suppliers will be unable to produce critical automotive components, including automatic transmissions, throttle bodies, alternators, various motors, sensors, seat belts, speakers, lights, motors, power steering, and cameras,' the Alliance for Automotive Innovation, an industry body, wrote in a letter addressed to the Trump administration in early May. The letter, cited by Reuters in a recent report on the rare earths restrictions, is one of what looks like a cry for help that is only going to get louder. It was signed by auto industry leaders including Toyota, Volkswagen, and General Motors, which thanked the administration for trying to resolve the issue. If they didn't, the carmakers said, it would be only a matter of time before car factories started shutting same is happening in Europe, and it's worse—because with Trump, U.S. carmakers no longer have to worry about EVs. With the current European parliament and the Commission, local carmakers do have to worry about EVs, a lot. Because EVs feature greater amounts of those rare earths than internal combustion engine cars. And European carmakers have been mandated with the production and sale of certain minimum numbers of these EVs over the next three years. 'I informed my Chinese counterpart about the alarming situation in the EU car industry — the rare earth and permanent magnets are essential for industrial production… this is extremely disruptive for industry,' the European Union's trade commissioner, Maros Sefcovic, said this week, as quoted by the Financial Times. He added that the 'Carmakers are warning of huge production difficulties in a short period of time.' The clock, in other words, is ticking and China does not really seem in a hurry to stop it. The restrictions that Beijing implemented in mid-April are not literal—or direct. They are in the form of a new licensing regime for anyone who wants to buy rare earth magnets from Chinese producers. To do that, the prospective buyer needs to apply for a license, provide a substantial amount of information, and wait. As a Bosch spokesperson described it, the application process was 'complex and time-consuming, partly due to the need to collect and provide a lot of information.' Because of this complexity, only a few car parts suppliers have been granted such licenses, making the car companies' freak-out only a matter of time, really. But this is coming at a really bad time for European carmakers, despite the substantial rise in EV sales. They are still to turn in a solid profit on their electric cars and they are supposed to be making ever more of these—which means a lot more rare earths. Things are not that swell in the United States, either, after President Donald Trump accused the Chinese of violating a deal the two earlier agreed, on the temporary relaxation of trade warfare, including tariffs and other trade restrictions—only to be slapped back with the accusation that he did that first, by restricting semiconductor exports. Things are not looking good for the car industry right now but there is, as always, a silver lining. It consists in the fact that the world is entirely dependent on a single source of rare earths and this is not a sustainable or secure state of affairs. There has been a lot of talk in both Europe and the United States about building their own supply chains in such critical materials but action has not really been forthcoming. Even if it was, building a supply chain from scratch takes many years—just ask China. Yet the rare earths drama may boost Europe's resolve to actually start working on that supply chain, however long it takes to build it. Import dependence can be fatal. By Irina Slav for More Top Reads From this article on
Yahoo
44 minutes ago
- Yahoo
Starmer to visit Canada amid Trump threats
Sir Keir Starmer will visit Canada for security talks next week amid Donald Trump's threats to annex the country. The Prime Minister will meet Mark Carney, his Canadian counterpart, on June 14 for discussions concerning security and economic co-operation, according to The Times. It comes after the US president warned that he was prepared to wreck the Canadian economy in an attempt to force it to become the 51st US state. Mr Trump has already doubled tariffs on steel imports to 50 per cent, piling pressure on Ottawa following a meeting with Mr Carney in Washington. Fears have been raised of 'catastrophic' job losses, factory closures and disruption to supply chains in Canada in the wake of the tariffs. The UK is exempt from the 50 per cent tariff following a deal between London and Washington. But the US president, in a post on Truth Social, said there would be financial consequences of Canada remaining independent. He said the country would be faced with the $61 billion (£49 billion) cost of being covered by his proposed Golden Dome missile defence system. However, he added it would be 'zero dollars if they become our cherished 51st State'. The post was written hours after King Charles opened the 45th Canadian Parliament in May. During his speech the King underlined the Commonwealth country's sovereignty in 'dangerous and uncertain' times. Mr Carney told the Canadian broadcaster CBC he wished to join ReArm Europe, a plan designed to beef up European defence, in a drive to make Canada less reliant upon the US. The EU has also indicated it is looking to forge stronger ties with Canada given its links to Nato and the level of support it is offering to Ukraine. Mr Carney said: 'Seventy-five cents of every [Canadian] dollar of capital spending for defence goes to the United States. That's not smart.' The Canadian prime minister, in an interview with Sky News last month, was highly critical of Mr Starmer's decision to offer the US president a second state visit to the UK as the move had sparked fury in Canada. 'To be frank, we weren't impressed by that gesture … given the circumstance. It was at a time when we were being quite clear about the issues around sovereignty.' He made clear that the invitation for the King – Canada's head of state – to be in attendance at the opening of Parliament in Ottawa was 'not coincidental'. Sir Keir, who is yet to meet the former Bank of England governor since he won the Canadian election in April, wished to hold talks with Mr Carney due to them both being centre-left leaders within the G7. Number 10 has declined to comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
New York Post
4 hours ago
- New York Post
US-China trade talks to open in London as new disputes emerge
US-China trade talks in London this week are expected to take up a series of fresh disputes that have buffeted relations, threatening a fragile truce over tariffs. Both sides agreed in Geneva last month to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since then, the US and China have exchanged angry words over advanced semiconductors that power artificial intelligence, 'rare earths' that are vital to carmakers and other industries, and visas for Chinese students at American universities. Advertisement 3 President Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. REUTERS President Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the next day that trade talks would be held on Monday in London. The latest frictions began just a day after the May 12 announcement of the Geneva agreement to 'pause' tariffs for 90 days. Advertisement The US Commerce Department issued guidance saying the use of Ascend AI chips from Huawei, a leading Chinese tech company, could violate US export controls. That's because the chips were likely developed with American technology despite restrictions on its export to China, the guidance said. The Chinese government wasn't pleased. One of its biggest beefs in recent years has been over US moves to limit the access of Chinese companies to technology, and in particular to equipment and processes needed to produce the most advanced semiconductors. 'The Chinese side urges the US side to immediately correct its erroneous practices,' a Commerce Ministry spokesperson said. US Commerce Secretary Howard Lutnick wasn't in Geneva but will join the talks in London. Analysts say that suggests at least a willingness on the US side to hear out China's concerns on export controls. Advertisement 3 US Commerce Secretary Howard Lutnick will take part in the talks in London. One area where China holds the upper hand is in the mining and processing of rare earths. They are crucial for not only autos but also a range of other products from robots to military equipment. The Chinese government started requiring producers to obtain a license to export seven rare earth elements in April. Resulting shortages sent automakers worldwide into a tizzy. As stockpiles ran down, some worried they would have to halt production. Trump, without mentioning rare earths specifically, took to social media to attack China. Advertisement 'The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,' Trump posted on May 30. 3 China dominates the mining and processing of rare earth minerals. REUTERS The Chinese government indicated Saturday that it is addressing the concerns, which have come from European companies as well. A Commerce Ministry statement said it had granted some approvals and 'will continue to strengthen the approval of applications that comply with regulations.' The scramble to resolve the rare earth issue shows that China has a strong card to play if it wants to strike back against tariffs or other measures. Student visas don't normally figure in trade talks, but a US announcement that it would begin revoking the visas of some Chinese students has emerged as another thorn in the relationship. China's Commerce Ministry raised the issue when asked last week about the accusation that it had violated the consensus reached in Geneva. It replied that the US had undermined the agreement by issuing export control guidelines for AI chips, stopping the sale of chip design software to China and saying it would revoke Chinese student visas.
