The National Resources Defense Council published an issue paper which indicated that over 40% of the U.S. food supply is wasted, totaling a staggering $165 billion annually, with a significant portion lost in the distribution cycle due to inefficient models and mechanisms to support non-traditional delivery of food and beverage products into the marketplace. Mill Street Merchants and LogicLane meet this demand and target the roughly $40 billion of food waste that occurs between food producers, food distributors and retailers.
"Mill Street Merchants has a team of experienced food merchants that sources high-integrity, brand name food and beverage products at opportunistic prices from trusted manufacturers and distributors," added John Gabriel Sr., Chief Marketing Officer at LogicLane and Mill Street Merchants. "Mill Street Merchants specializes in finding products that are outside of the normal retail distribution process to bring extreme values and amazing deals to customers and, in the process, help to stop food waste," Gabriel added.
Mill Street Merchants and LogicLane were formed by experienced merchants and technology entrepreneurs with deep market experience that allows the businesses to deliver strong value for its customers. The founding team includes former executives from national discount retailers, venture-backed technology companies, and public technology and financial sector companies.
About Mill Street Merchants and LogicLane
LogicLane LLC, based in Washington, Pennsylvania, is a start-up company that provides discount grocery supply chain services, a wholesale grocery e-commerce marketplace for businesses, and, through its new Mill Street Merchants, an extreme value retail grocery store for bargain-minded business and consumer shoppers. For more information, please visit: http://www.logiclane.com and http://www.millstreetmerchants.com
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SOURCE Mill Street Merchants