Access to a global portfolio of ingredients with an eye toward a holistic understanding is critical for executives of companies large and small.
Company executives can benefit for several reasons:
Financial impact: Knowing the potential dangers of ingredients can help executives assess the financial impact that a product or ingredient may have on the company.
Business strategy: Understanding the beneficial ingredients in a product can help executives identify opportunities for growth and innovation. This information can inform business strategy and help the company differentiate itself in the marketplace.
Risk management: Awareness of harmful ingredients gives executives better risk management and ensures the safety of consumers. This can reduce the risk of accidents, illnesses, and lawsuits that can harm the reputation and financial stability of a company.
Compliance: Executives must also be aware of regulations and standards regarding the use of certain ingredients. Knowing which ingredients are harmful or restricted can help executives ensure that the company's products are compliant with local and international regulations, avoiding penalties or fines.