Those are the behemoth companies that have access to all the food suppliers — from farm produce to factory-farmed meat — and maintain their inventories with a distinct lack of vendor and pricing transparency for buying customers.
Sellers grow their businesses by connecting to new buyers in the area, keeping deliveries up to 15 percent more efficient as they find new buyers close to delivery routes. And the end customer benefits by obtaining fresher, more locally sourced foods, leading to a more sustainable food cycle. Then the economic bust came and Rehman started looking into different supply chains for businesses.
After a stint working with a small food distribution company, he learned the process inside out, including the inherent flaws in the system. The distributor effectively acts as a bank — rich in accounts receivables due in 30 days, but with no liquid cash available to make purchases from suppliers.
Image Credit: Foodem. Foodem acts as the conduit for all those food suppliers and distributors to find their wholesale customers, for a mere two percent service fee, and guarantees timely delivery of their products. The buyer pays by credit card, we wait eight days to make sure there are no returns and he pays within his requested 30 days.
We pay the three percent credit card charge and still get our two percent service fee. Currently, Foodem serves the metro Washington, D.
He has also been fielding food trading platforms from Canada and Israel. Rehman sees Foodem as giving small businesses their chance for a share of the market they deserve. Photo Credit: Foodem.
We help them find a market that works for them. He has small suppliers, who might only offer baby bok choy, and providers that supply tens of thousands of retail chain restaurants. Everything is fresher. Submit a Comment.