James Giese

Some $56.5 billion in online transactions are predicted for the food industry by 2004, according to market research firm Forrester Research. If the number of new dot-com exhibitors at IFT’s recent Food Expo is any indication, the food industry is increasingly moving towards online transactions with its customers and suppliers. This is causing some to rethink the links in the supply chain including the one between food product developers and food ingredient suppliers.

Estimated to be a $300 billio…

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