17 February 2000
IT group to link farms to grocers
SCT, a US provider of e-commerce software, is planning to provide a service for food manufacturers linking the farm to the grocery store.
It has formed an alliance with ecFood.com, a US internet marketplace catering to the food industry.
The two companies hope through the alliance to develop the growing market for business-to-business online auctioning.
Analysts estimate the food and crops segment of the market, valued at $3 billion in 1999, could grow to $13bn (8bn) by 2001.
- ecFood.com is at www.ecfood.com
- E-commerce set for take-off, FWi, 13 October, 1999
- Financial Times 17/02/2000 page 40