Closing the loop: Integrating contract management and supply chain systems for future-ready manufacturing
Contract manufacturing involves outsourcing production to third-party manufacturers, which allows companies to focus on core competencies such as design, branding, and distribution. Each year, contract manufacturing launches over 1,000 new food and beverage products in the United States, accounting for more than 10% of all new introductions in the consumer packaged goods (CPG) category.2 Meanwhile,