Responsible Manufacturer Benchmark - Colorcon

By CommonShare

Colorcon, Inc. is a renowned global leader in providing innovative solutions for the pharmaceutical, dietary supplement, and food industries. Specializing in regulatory compliant inks for direct and indirect contact with food, medical devices, and pharmaceutical products, Colorcon ensures products meet stringent safety standards. With a wide range of offerings, including products for coloring, glazing, polishing, and coating, Colorcon caters to the diverse needs of its customers. The company prides itself on offering solutions that shorten time to market, enhance product quality, and improve manufacturing efficiency.

Known for its reliability and innovation-driven approach, Colorcon has established a strong market presence in the pharmaceutical sector. The company's unique formulated systems, from core to coating, prioritize productivity and manufacturing efficiency. Colorcon's expertise in functional packaging, controlled atmosphere packaging, and core formulation sets it apart in the industry. With over 60 years of experience, Colorcon continues to lead the way in transforming innovation into practical solutions that address industry challenges effectively.

Colorcon's commitment to health and wellness is evident in its support for the design and development of medicines to improve adherence and reduce medication errors. The company's focus on pharmaceuticals, dietary supplements, and animal health products showcases its dedication to enhancing patient safety and brand recognition. With a customer base that spans across various sectors, including pharmaceuticals, dietary supplements, and food manufacturers, Colorcon's products cater to a wide range of industries. As the company continues to innovate and expand its offerings, its future outlook remains promising in driving advancements in health and wellness through convenience, compliance, and safety.

Overall Rating

1.0

Under-Performing

Traceability

An increasingly important factor in global supply chains, traceability assesses the manufacturer's capability to track products and materials from origin to delivery. The Sustainable Manufacturers Benchmark® explores this through the lens of tiered supplier verification, culminating in end-to-end traceability with real-time monitoring and complete transparency.

Digitized Products

The digital landscape has transformed B2B interactions. This facet assesses the extent to which manufacturers have digitized their product offerings. The spectrum ranges from manufacturers without any online product catalog to those boasting advanced B2B e-commerce platforms, providing clients with order customization, real-time tracking, and an integrated view of the supply chain.

Preferred Materials

This aspect gauges the extent to which manufacturers incorporate sustainable, circular, and regenerative materials in their supply chain. It assesses whether companies merely use standard materials or whether they actively prioritize sustainable and preferred materials in their product range, even going so far as to offer digital verification of material certificates.

Facility Verification and Services

This dimension evaluates the openness and commitment of manufacturers regarding their facility's conditions and services. It covers a spectrum, from providing no facility details at all to showcasing comprehensive third-party audits, ensuring transparency in worker welfare and showcasing a clear commitment to maintaining top-tier facility services.

Readiness to Contract

Before entering a partnership, it's pivotal to understand a manufacturer's business legitimacy. The Sustainable Manufacturers Benchmark® checks for the presence and verification of essential documents, ranging from basic business licenses to comprehensive documentation, client testimonials, and even third-party attestations that verify a manufacturer's reliability and readiness to contract.

Colorcon

United States

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How our Responsible Manufacturer Benchmark® Works?

By CommonShare

The Responsible Manufacturer Benchmark is a comprehensive framework designed to evaluate and rate manufacturers based on their commitment to sustainability, digital integration, readiness for contracting, material sourcing, and facility standards. It provides a clear, standardized metric for assessing manufacturers in a B2B environment, helping businesses make informed decisions aligned with their sustainability objectives. The benchmark covers crucial areas like end-to-end traceability, the digital verification of supply tiers, utilization of preferred materials, and verified social audits for facilities. By incorporating both depth and granularity across its criteria, the benchmark not only promotes transparency but also encourages continuous improvement in responsible manufacturing practices.