SupplyCaddy plans to use its additional capital to expand domestic and international manufacturing capacity and enter additional international markets. Investment will also target packaging engineering, sustainable materials, technology, logistics, inventory planning and customer support.

Hiring represents another part of the growth plan. SupplyCaddy has already doubled its workforce over the past year as demand increased and plans to add employees across sourcing, operations and product development.

The capital deployment reflects the increasing complexity of packaging procurement for restaurant companies operating across large or rapidly expanding footprints. Packaging decisions can affect food quality, operating efficiency, customer experience, sustainability initiatives and costs, while restaurant chains must also manage manufacturing capacity, inventory and distribution across multiple markets.

Read the full details here: https://www.citybiz.co/article/896845/supplycaddy-secures-growth-investment-from-ceas-after-70-revenue-increase/