LGC connects the dots of supply chain assurance with launch of LGC ASSURE
LGC, a global leader in life science tools and solutions, today announces the formation of a new business group with a mission to provide intelligent assurance across supply chains.
Four LGC brands will, from today, come under the banner of LGC ASSURE, with the common vision of “Science for a Safer World”.
Individually, each business is a leader in its field; together they offer a connected series of supply chain assurance solutions across critical touchpoints, with a focus on the manufacturing, laboratory, ingredients and nutritional supplements sectors.
LGC ASSURE comprises:
- AXIO, a world leader in laboratory proficiency testing
- BRCGS, the market-leading global brand that helps build confidence in the supply chain
- INFORMED, the global quality assurance and supplement certification programme for sports supplements
- Safefood 360, the developer of best in class food safety and supplier quality management software
In addition, LGC ASSURE offers world leading human drug and animal sports testing provided by Sport and Specialised Analytical Services (SSAS).
Supply chains have grown in length and complexity in recent years. The value of goods traded globally has tripled to more than $10 trillion annually[1], creating supply chains that are harder to manage, less resilient and more opaque.
The emergence of ESG as a key driver of investment decision-making means brand owners, manufacturers and retailers need greater visibility of standards and practices across their supply networks. Thanks to the proliferation of digital and social channels, poor supply chain practices and product integrity failures are increasingly facing exposure and consumer activism. Such forces are combining to create the need for a more connected approach to supply chain assurance, with the emphasis on improving performance rather than mere compliance with minimum standards.
Mark Proctor, LGC ASSURE’s Senior Vice President, said, “By bringing our capabilities together under the LGC ASSURE umbrella we’re connecting the dots of supply chain assurance. We can now offer a suite of solutions that analyse the safety, quality and authenticity of goods and services intelligently, and we can do that through the lenses of human health, environmental impact, and ethical standards. By collecting and analysing data in this connected way we can give customers the visibility and insights they need to keep consumers safe and protect their brand reputation.”
Jon Yeung, Managing Director of LGC Standards commented, “LGC ASSURE represents a wealth of expertise now connected to provide additional value to our customers. With such strong market drivers stretching the demands of product integrity, our renewed focus on assurance is a critical part of LGC’s vision of ’science for a safer world’”
LGC ASSURE helps customers to:
- Test and validate systems;
- Verify product performance and integrity;
- Manage processes efficiently and effectively; and
- Collect and analyse data to predict future risk
to provide complete supply chain confidence.
[1] Risk, resilience, and rebalancing in global value chains; McKinsey 2020