Leading global companies say technology, transparency, quality control and service are key advantages to the new B2B e-commerce platform
LAS VEGAS -- (BUSINESS WIRE) -- ingredientsonline.com, a new B2B e-commerce platform that enables U.S. companies to buy nutritional raw materials directly from major global manufacturers, on Tuesday convened its annual conference for partners and customers, as more than 100 participants discussed why they prefer the service and how it is changing the nutritional raw materials industry.
Executives from ingredientsonline.com joined partners and buyers at the Mandalay Bay Convention Center in Las Vegas for "Welcome to the Future--An Introduction to Ingredientsonline.com: The Global Factory-Direct Marketplace for Nutritional Raw Materials." The conference was held during the industry’s SupplySide West trade show, which runs from Oct. 5-9.
Leading Chinese raw materials manufacturers told the conference that the new platform’s ability to combine the latest Internet technology with transparency, competitive pricing, U.S. stock, and quality assurance, while maintaining a high level of customer service, were the main drivers of their decisions to partner with ingredientsonline.com.
They also discussed how the new service helps them promote their brands in the U.S. market and pursue strategies in concert with China’s “Internet Plus” strategy that integrates online technologies and e-commerce with traditional manufacturing and business.
Conference participants included Kingdomway, which recently acquired Doctor's Best and Vitatech Nutritional Sciences in the U.S.; Shanghai Baosui Chemical Co., which is the world’s largest manufacturer of creatine; Jiangyin Huachang, a leading manufacturer of taurine and one of the major suppliers to Red Bull energy drink; and U.S. contract manufacturer and private label supplier Palmer Natural Products.
“ingredientsonline.com is a game changer, creating a new standard for doing business in a global marketplace increasingly driven by the Internet and e-commerce,” Sherry Wang, founder of ingredientsonline.com, told the audience. “This is not the time for ‘business as usual’. The industry urgently wants change, and change for better. So we are stepping forward; our vision is to make Ingredientsonline.com your first choice for a supply chain solutions through a multi-billion dollar platform.”
Wang is President of Green Wave Ingredients, a leading U.S. supplier of nutritional raw materials based in La Mirada, CA., which created and manages the new platform.
ingredientsonline.com recently signed partnership agreements with more than 50 leading manufacturers in China. Meanwhile, more than 1,000 U.S. companies have registered to buy products from the site’s Chinese factory-partners. ingredientsonline.com projects more than 120 Chinese partners and more than 3,000 U.S. companies will be using the service by yearend.
ingredientsonline.com replaces the current manual system used by the industry, in which buyers negotiate transactions over the phone with brokers, who control quality, product inventory and availability. By contrast, ingredientsonline.com creates a new e-commerce model, providing buyers with transparency about suppliers and purchases, factory prices, and products distributed reliably from U.S. warehouses. Ingredientsonline.com also offers offline services such as its own product lab and inspection team in China, and dedicated customer service and sales personnel who work with Chinese partners and U.S. corporate buyers.
The U.S. nutritional and dietary supplement market is $35-billion-a-year industry that includes such products as vitamin C, glucosamine, CoQ10 and other antioxidents, minerals, and amino acids.
About: ingredientsonline.com provides a factory-direct global marketplace where customers can buy quality nutritional ingredients directly from world-class manufacturers through a unique e-commerce platform. ingredientsonline.com is an online service platform exclusively managed by Green Wave Ingredients (GWI).