GlobalFoodExchange.com, the largest and most active business-to-business marketplace for the $800 billion global food trade announces significant growth. GlobalFoodExchange.com has emerged as the leaders with five key milestones.
- 3.3 million pounds of aggregate product traded
- 1600 registered users
- 20 percent increase in registered users per week
- 20 percent increase in number of transactions per week
- 48 percent increase in transaction value per week
With a total of 3.3 million pounds of transactions since October and trading in three key verticals trading at this time, GlobalFoodExchange.com is enthusiastic about the opportunity in the global food trade environment.
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“GlobalFoodExchange.com is an impressive early stage leader in the
business-to-business food market,” says Jon Ekoniak, leading business-to-business equity analyst of U.S. Bancorp Piper Jaffery. “By developing a solution that addresses some of the biggest inefficiencies in the global food supply chain, the company has been able to gain meaningful traction. In turn, this traction has created a virtuous cycle, enabling the company to expand its product offering as well as attract top quality managerial talent and partners.”
Meat Launches April 17. Dairy and Specialty Commodities Coming Soon
In the upcoming weeks and months the company will launch commercial meat, dairy and specialty commodity verticals (all currently in beta development), dramatically increasing the service offering for multi-product buyers.
“Our customers are really seeing the value of an independent online marketplace,” said
Mark C. Moore, co-founder and president of GlobalFoodExchange.com. “With 1600 registered users and an increase of 20 percent per week in the number of transactions, we are expecting an even faster growth rate as we launch meat and dairy.”
This growth is outpacing Forrester’s prediction of 75 percent of business-to-business food Internet transactions growth per year.
A New Look and Enhanced Functions
GlobalFoodExchange.com is increasing the efficiency of the industry by creating a more informed market. With an increased sophistication in technology and more community building functions including relevant daily content, a job board and market pricing, GlobalFoodExchange.com has developed a powerful online trading community. The new capabilities and image directly reflects GlobalFoodExchange.com’s creative and innovative approach to the global food trade.
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By GlobalData“We are aggressively setting the standards for the global supply trade,” said Moore “Our superior technology, dedicated customer service combined with the functions and services we offer buyers and sellers is unsurpassed in the marketplace.”
About GlobalFoodExchange.com
GlobalFoodExchange.com is the largest and most active business-to-business marketplace for the $800 billion global food trade. Founded in 1999, GlobalFoodExchange.com is setting the standard for a new way to trade in the food industry. Through superior technology and dedicated customer service, GlobalFoodExchange.com is bringing the efficiency of e-commerce to the large and fragmented global food industry while preserving and enhancing crucial personal relationships. A full service solution, GlobalFoodExchange.com connects buyers and sellers of high-value food products in key categories: poultry, seafood, produce, meat, dairy and specialty commodities. For more information call 404.872.4489 or visit GlobalFoodExchange.com.
