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Engredea Press Release - Growth
3/30/2017 9:47 AM
In March of 2016, ingredientsonlien.com exhibited for the first time at Engredea with a simple 10X10 booth. This year, we’re back with 10X20 and that’s just the beginning of our growth. We are very proud to announce that we more than doubled our sales volume from January 2016 to January 2017. In addition, we now have over 700 ingredient listings on the platform provided by over 180 global factories. All of these achievements show the industry is ready for technology and transparency in supply chain sourcing and management. Here’s what one customer has to say about ingredientsonline.com; “I appreciate the easy to navigate website and great prices. Samples are very easy to obtain as well”. Carrie Maslowicz, Fusion Formulations
In additional, ingredientsonline.com launched their Factory-Direct Global Sourcing Events, 2017 RoadShow Series and Seminars. Taking place in AZ, FL, NJ, UT, CA, TX and IL, these educational and networking events bring together the local community to hear regulatory and quality control updates from industry experts. These events also inform participants about new features and benefits of ingredientsonline.com and how they can continue to benefit from factory-direct savings and workflow efficiencies on a daily basis. We will also be exhibiting and/or attending twenty national and international events promoting ingredientsonline.com to generate awareness for both buyers and sellers. This brings the total to Twenty-Seven events in 2017!
New online Features and Benefits added to ingredientsonline.com since March 2016:
- Blanket Order
- Annual Bid
- Price Matching
- Global Sourcing Center
- High Volume Offer
- EZ to use catalogue feature
- Innovative Ingredient section
- Market Trends and indicator
- Sell section
We’ve been busy with just a few additional items; we launched our own publication reaching over 12,000 readers every quarter with Market Trends, Regulatory, Quality Control and Innovative Ingredient features. Plus, the quick reference ingredient list and the current event schedule. We will be opening 3 new warehouses to better serve our customers. Miami will open in March, and both Dallas and Salt Lake City will be opening soon.
Jinlin Beisha Pharmaceutical has joined the ingredientsonline.com platform, which is monumental since there are really only four Vitamin E factories in the world. We’ve also added a factory from Arkansas, Xin Du Bio-Tech, a U.S. based factory with Lion’s Mane. This ingredient holds published scientific documentations and you will find it in the new Innovative Ingredient section.
Our teams in China have long standing relationships with our factory partners. We regularly receive inside intelligence on supply, shortages, market conditions, starting materials, and more. We have a direct pipeline of market trends and intelligence that we happily pass on to our customers.
In May, ingredientsonline.com will host an inaugural exhibit at VitaFoods in a truly unique fashion. Informa has created an exhibit space in the exhibitor registration area called “The ingredientsonline.com Global Sourcing Center”. With an aggressive marketing campaign to reach both attendees and exhibitors that are interested in adding their ingredients to the ingredientsonline.com platform, we will be setting meetings in advance to take advantage of this global audience and opportunity.
That’s a quick wrap-up of what we’ve been up to in the past year. Stay tuned; we’re just getting warmed up.