Non-GMO Tip 5: Non-GMO Verification for Better Business?
Companies must have a realistic understanding of the timeframes and effort involved.
According to SPINS, which provides analytics and consulting for the natural, organic, and specialty products industries, displaying the Non-GMO Project Verified seal on a retail product can lead to sales increases of 5–10%. “The upticks of interest” from consumers and industry, as well as the sales-growth data, each “represent objective measures suggesting that, despite all that is involved in sourcing non-GMO ingredients, companies are increasingly finding the process to be worthwhile,” FoodChain ID’s Heroux says. She adds that the “degree of challenge” involved in going GMO-free today is considerably less than what it was just five years ago. Shortages of some non-GMO ingredients remain, but FoodChain ID says it has verified an “impressive” number of ingredient manufacturers that are “making ingredient sourcing less difficult for other companies that wish to formulate non-GMO products,” Heroux says.
Photo © iStockphoto.com/GlobalID
Senate Committee has released the text of 2024 Farm Bill, with changes to hemp regulations
November 19th 2024The U.S. Senate Committee on Agriculture, Nutrition, & Forestry has introduced the Rural Prosperity and Food Security Act, which will serve as the Senate’s draft for the 2024 Farm Bill.
NPA’s lawsuit against FDA on NMN stayed pending agency’s decision on citizen petition
November 6th 2024The court has granted a joint motion for stay filed by NPA and FDA, pending the agency's decision on the citizen petition asking FDA to reverse its stance on NMN's status as a dietary ingredient.
