Smart Innovators: Product And Chemical Compliance Solutions

Published 3 November 2023 by Christopher Sayers & Bill Pennington &
EHS Compliance EHS Regulatory Content EHS Software Environment, Health & Safety Environmental Regulations Product Compliance Product Stewardship Product Sustainability Safety Data Sheets Smart Innovators

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Executive Summary

Regulation governing the use of restricted chemicals, particularly per- and polyfluoroalkyl substances (PFAS), is rapidly expanding. To manage the complexities of supplier data demands, stay up to date with regulatory change, and maintain market access, firms are increasingly leveraging commercial product and chemical compliance software. This report provides buyers of software for product and chemical compliance with a high-level benchmark of the capabilities of 19 software solutions. It covers solutions for organizations that manufacture end-products, chemical manufacturers, firms selling chemicals, and firms responsible for the storage and transportation of restricted substances. Heads of product, compliance experts and product stewards should use this report to compare the relative capabilities of vendors across core functionality areas and their ability to support compliance with prominent regulatory frameworks. The report provides an in-depth analysis of key areas of differentiation and innovation within the product and chemical compliance software market.

Table of contents

Digital solutions allow firms to avoid costly product non-compliance and appeal to ESG-conscious stakeholders
The shockwaves of PFAS regulation on the product compliance reporting landscape
Current status of the product and chemical compliance software market
Evaluated firms and selection criteria
Vendors from different backgrounds offer product and chemical compliance solutions
Core capabilities essential to software providers
Innovative solutions enable proactive compliance management and embed circularity and green chemistry principles
Innovative features for organizations with demanding product compliance requirements
Innovative features for chemical manufacturers or logistics organizations responsible for handling chemicals

Table of figures

Figure 1. Overview of the product stewardship landscape
Figure 2. Adoption of software for product and chemical compliance in 2024
Figure 3. Change in spend across product and chemical compliance in 2024
Figure 4. Product and chemical compliance requirements breakdown by firm type
Figure 5. Product and chemical compliance software: key functionality
Figure 6. Product and chemical compliance software providers capabilities assessment

Organisations mentioned

3E, 3M, Arena, Assent, Aviva Investors, Benchmark Gensuite, Bloomberg Law, Chemical Safety, Chemical Watch (by Enhesa), Chemicals Abstract Service (CAS), Chemrade, Chemwatch, Clever Compliance, Compliance & Risks, Cority, Dove, EcoMundo, EcoOnline, Enablon (Wolters Kluwer), European Chemical Agency (ECHA), Financial Times, GreenSoft Technology, HSI, International Electrotechnical Commission (IEC), IPC, iPoint-systems, Lipton, Mattel, National Fire Protection Association (NFPA), Praedicat, Product Comply, PTC, Quentic, SAP, Silicon Expert, Source Intelligence, Sphera, Storebrand Asset Management, The Home Depot, Toxnot, UL Solutions, Unilever, US Department of Transportation (DOT), US Environmental Protection Agency (EPA), Veeva Systems, VelocityEHS, Yordas Group

About the authors

Christopher Sayers

Senior Manager
Chris is Senior Manager of the Verdantix AI Applied practice. His current research agenda focuses on enterprise AI integration and adoption, AI market trends and agentic AI. Prior to joining the AI Applied team, he was a senior EHS analyst and the Verdantix EHS software market lead. Chris joined Verdantix in 2020 and has previous experience at EY, where he specialized in robotic process automation (RPA). He holds an MEng in Engineering Science from the University of Oxford, with a focus on machine learning and machine vision.

Bill Pennington

VP Research, EHS & Risk Management
Bill is the VP Research for the Verdantix EHS & Risk Management practices. His current agenda focuses on understanding the evolution of EHS and enterprise risk management, evaluating emerging strategic risks and benchmarking technology buyers’ budgets, priorities and preferences globally.