Responsible Manufacturer Benchmark - SYNTHITE INDUSTRIES

By CommonShare

Synthite Industries Pvt Ltd, a global leader in value-added spices and natural spice products, stands out as the world's largest producer in its field. With a strong focus on industrial products such as oleoresins, essential oils, and herbal extracts, Synthite has carved a niche for itself in the market with its innovative approach to product development and process solutions. The company's commitment to quality and excellence has earned it numerous accolades and recognitions, cementing its position as an industry frontrunner.

Established in 1972, Synthite has a rich history of growth and evolution, guided by a steadfast mission to deliver exceptional products while upholding the highest standards of integrity and sustainability. The company's geographic presence spans across India, the USA, China, and various other regions, showcasing its global reach and influence in the spice industry. Under visionary leadership, Synthite continues to push boundaries and drive innovation, setting new benchmarks for quality and customer satisfaction.

Synthite's unique value proposition lies in its backward integration, agile processes, and total productive maintenance, ensuring a competitive edge in the market. The company's diverse portfolio caters to a wide range of industries, including health and nutrition, food and beverage, personal care, and agriculture. With a customer-centric approach and a strong focus on research and development, Synthite remains dedicated to meeting the evolving needs of its target markets across the globe. As Synthite looks towards the future, its strategic direction remains centered on innovation, sustainability, and continued growth in the ever-evolving spice industry.

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.

SYNTHITE INDUSTRIES

India

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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.