Responsible Manufacturer Benchmark - Finlay ExtractsIngredients USA dba Finlays - Extracts

By CommonShare

Finlays - Extracts, a division of Finlay Extracts & Ingredients USA Inc., is a prominent player in the B2B tea and coffee industry, specializing in the supply of liquid coffee extracts, soluble roast & ground coffee, packed leaf tea, tea extracts, and aroma caffeine. With a global presence across four continents, Finlays is renowned for its extensive experience and expertise in natural beverages, serving as a trusted supplier to beverage brand owners, retailers, and foodservice operators worldwide.

As a leading global B2B supplier, Finlays - Extracts prides itself on its commitment to sustainability and innovation, offering a range of premium tea extracts under its Wellbeing Collection. The company's dedication to quality and sustainability is evident in its latest Sustainability Report, showcasing its efforts to promote environmental responsibility and social impact within the industry. With a focus on customer satisfaction and product excellence, Finlays continues to drive growth and success in the natural beverages market.

Founded with deep roots and a rich history, Finlays - Extracts has evolved into a powerhouse in the tea and coffee industry, guided by a mission to deliver exceptional products and solutions to its diverse customer base. The company's leadership approach emphasizes collaboration, integrity, and a passion for excellence, ensuring that Finlays remains at the forefront of market trends and consumer preferences. As Finlays - Extracts looks towards the future, its strategic direction includes continued expansion into new markets and the development of innovative beverage solutions to meet evolving consumer demands.

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.

Finlay ExtractsIngredients USA dba Finlays - Extracts

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.