"We believe that local food can change the world by reducing our dependency on big industrial agriculture, improving our environmental impact, creating more local jobs, making us healthier, and bringing people together. Yet, only three percent of the food we consume is local, and eight large companies control 80 percent of our food supply. By breaking down barriers to local sourcing, we hope to fan the flames of a local food revolution," said David D. Stone, Forager's CEO and founder.
Mr. Stone is a serial technology entrepreneur whose passion is to create and build innovative companies that take advantage of emerging market shifts. As the co-founder of CashStar, which issued $2 billion in digital value in 2016, he catalyzed the movement from plastic to digital gift cards. Today, Mr. Stone is determined to give back to the world through Forager, which he sees as part of the "Good Food Movement."
Forager digitizes the entire sourcing and sales process to make it easier and faster to share local foods. For buyers, the traditional process of finding and doing business with multiple local farmers/producers, versus a few big distributors, has historically been expensive, inefficient, manual, and error-prone. As a result, they spend up to 60 hours per week on processes such as communicating with farmers, purchasing and order management, and payments, which can reduce their margins by 33 percent or more.
Farmers/producers, too, struggle with inefficient processes—from sharing their products and updating their availability, to invoicing and depositing payments, 99 percent of which are paper checks. Forager enables them to expose buyers to their full range of products in real time (improving sales opportunities), even with a smartphone in the field, while speeding up billing and payments.
"Forager has made a big difference to our local sourcing process. As a result, we estimate we save at least six to eight percent in labor costs. We have been waiting for a service like this for a long time," said John Crane, General Manager, Portland Food Co-op.
"The Forager platform has made it easier for us to keep buyers informed about our product availability, saved us time bookkeeping, and helped us keep a clear online trail of our transactions," said Margaret (Meg) Mitchell, owner of South Paw Farm in Freedom, Maine.
For more information about the Forager digital procurement platform and how to help grow the local food economy, please go to goforager.com.
About Forager™ (Forager1, LLC)
The mission of Forager is to accelerate the growth of the local food economy and make locally sourced food more widely available to all. The company's online and mobile platform digitizes and streamlines the procurement-to-payment process, saving time and costs for grocers, co-ops, farmers, producers, and other buyers and sellers of local food. For more information about Forager, please see goforager.com.
Contact Dawn Ringel, Warner Communications
781-449-8456 or email@example.com
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