Trace One & Covalo: Accelerating Cosmetic Innovation Together

On this page

• The Obstacles Slowing Down Product Development 

• Solving these Challenges, Together: A joint effort with Trace One

• What benefits will this partnership bring to your team's product lifecycle management?

• Fueling Innovation From Within Through Smart Sourcing 

• What’s Next for Product Development? 

• Webinar alert! 📣 Achieving ESG Goals Through Circular & Sustainable Sourcing in Beauty

Imagine a world where personal care brands can discover the perfect ingredients, ensure compliance, and bring innovative products to market faster – all in one seamless experience. That’s exactly what happens when two industry leaders, Trace One and Covalo, join forces. This strategic partnership is set to revolutionize product development by bridging the gap between ingredient sourcing and product lifecycle management. 

But why does this matter, and how will it change the game for brands and suppliers alike? Let’s explore the exciting possibilities this collaboration unlocks. 

The Obstacles Slowing Down Product Development

1. Sourcing is time-consuming

   Finding the right ingredients takes countless manual hours from brands  – identifying relevant ingredients, searching for the right documents, and comparing various products, which often requires searches outside of your Product Lifecycle Management (PLM) system. On top of this, there’s the challenge of negotiating prices, managing logistics, and dealing with inconsistent lead times. With so many variables at play, ranging from supplier reliability to shifting market conditions, keeping track of everything manually or across multiple platforms can slow down the process. 

2. Delays to market 

   Bringing a product to market -can take up to 4 years, with over 15 external stakeholders involved, each with their own tasks, approvals, and timelines. With so many moving parts, even small holdups in one area can cause a ripple effect, pushing back the entire process. 

3. Rising demand for green alternatives

   The green product market is growing 2x faster than the rest of the industry, with consumers becoming increasingly environmentally conscious. However, sourcing truly sustainable ingredients remains a challenge. 

Solving These Challenges, Together: A Joint Effort With Trace One

Trace One and Covalo are two powerhouse technology platforms in the personal care industry, each tackling critical challenges in product development. Trace One is a global leader in Product Lifecycle Management (PLM), helping brands and retailers streamline innovation, compliance, and collaboration. Covalo, on the other hand, is a cutting-edge digital platform that helps consumer goods brands bring products to market faster, by empowering them to better connect, collaborate, and transact with ingredient suppliers. 

Together, this partnership is truly impactful for the industry. By integrating Covalo’s comprehensive ingredient database directly into Trace One’s PLM solutions, companies can accelerate the time-to-market of their formulation projects by finding the right ingredients faster and collaborating more efficiently. This partnership isn’t just about efficiency; it’s about unlocking new possibilities in product development and fostering unprecedented personal care innovation. 

A partnership made for cosmetics brands

This integration removes the typical bottlenecks of sourcing and data transfer, allowing teams across R&D, regulatory affairs, procurement and supply chain management to focus on innovation and quality. Brands can bring new products to market in record time while ensuring they meet all compliance and regulatory standards.

What benefits will this partnership bring to your team's product lifecycle management? 

• Instant Ingredient Sourcing: Access more than 80,000 ingredients directly within Trace One's PLM, allowing for faster, more accurate product development. Even better, you can benefit from seamless access to ingredient documentation, effortlessly compare ingredients directly on the platform, and contact suppliers in just a few clicks. 

• Seamless Data Integration: Automated data transfer eliminates manual re-entering of information with up-to-date data, increasing the number of data points, reducing errors and ensuring accuracy from the start. 

• Accelerated Time-to-Market: With quick access to reliable data and enhanced collaboration, brands can streamline their processes and launch innovative products faster, meet consumer demands, and gain a competitive edge. 

Fueling Innovation From Within Through Smart Sourcing 

To truly understand the vision behind this powerful partnership, we turn to the words of both Trace One and Covalo. Their insights offer a glimpse into how this collaboration is set to reshape the industry and drive innovation forward. Here’s what they have to say about the exciting potential of this strategic alliance: 

“We’re committed to helping brands innovate faster without compromising on quality or compliance”, said Federico Fontanella, Trace One’s Senior Director of Product and Solution Management for Manufacturers. “By integrating Covalo’s ingredient data into our PLM solutions, we’re making it easier than ever for teams to develop and launch fully compliant products that stand out from the competition while maintaining brand integrity.”

Yann Chilvers, Co-Founder and Co-CEO at Covalo, emphasizes: "The industry's data landscape is highly fragmented, which not only slows down innovation but also undermines transparency. In today's environment, great innovation can no longer happen in isolation—it’s a collaborative effort." Chilvers adds that Covalo is committed to broadening access to this crucial data: "Through our partnership with Trace One, we are paving the way for a future of integrated, complementary solutions that ensure seamless data flow across the systems essential for product development."

What's Next for Product Development 

Ingredient recommendation based on Marketing Brief:

Support product developers by suggesting ingredients, both from PLM and third-party databases, that match the product requirements. For example, if the brief focuses on a natural, eco-friendly skincare product for environmentally-conscious consumers, the recommendation should prioritize sustainably-sourced, organic ingredients with proven benefits. The goal is to suggest ingredients that not only meet the marketing objectives, but also enhance the product’s appeal, ensuring it stands out in the market while staying true to the brand’s ethos. 

Integrated procurement and on-boarding workflow:

Speed up and simplify the process for requesting documents, samples and quotes from ingredient suppliers. Together with Trace One, we provide full traceability and support for the end-to-end process within the PLM solution. This integrated approach reduces delays, minimizes the risk of miscommunication, and accelerates decision-making, allowing companies to secure the right ingredients faster and move more quickly through the development stages. It’s a smart way to keep things organized, better manage supplier relationships, and drive product innovation without the painful hold-ups.  

Get To Know Trace One 

Trace One is a global leader in PLM and compliance solutions within the process manufacturing and retail CPG space. With more than 30 years of industry expertise, Trace One delivers innovative and scalable solutions that support the entire product manufacturing lifecycle and equip its customers to thrive in new markets. Serving more than 9,000 brand owners worldwide, Trace One is committed to delivering the best in every aspect of business.

For more information, visit www.traceone.com

More About Covalo 

Covalo is the world’s largest ingredients platform for the consumer goods industry. With more than 80,000 ingredients listed, Covalo helps consumer goods companies bring products to market faster. As the operating system for the industry, Covalo allows seamless data flows across brands, suppliers, and the systems they use – including Trace One. Today, we are already connecting 5k+ brands to 1k+ suppliers globally. In addition, Covalo is also the ingredients platform with the largest focus on sustainability, reflected not only in the ingredients and suppliers listed, but also in the tools provided within the platform, which make navigating the greenwashing complexity easier.

For more information, visit www.covalo.com 

Webinar alert! 📣 Achieving ESG Goals Through Circular & Sustainable Sourcing in Beauty

Join us on the 4th of March as we unpack how sustainable sourcing contributes to a company's ESG initiatives, including reducing environmental impact and promoting ethical labor practices. 

What you’ll learn: 

• How circular sourcing accelerates your sustainability goals 

• Practical steps for integrating ESG principles into sourcing decisions 

• How PLM systems empower brands to implement their ESG strategies, meet compliance requirements, and cater to eco-conscious consumers

Covalo will share firsthand insights into how brands are advancing traceability and testing real-world solutions to improve their sustainability impact, based on everyday user search data from the platform!

Don’t miss out on this opportunity to hear from industry experts and learn actionable strategies for driving change in your own company! 

👉 Sign-up for the webinar here for free.