SUBSCRIBE

Breaking News on Supplements & Nutrition - North AmericaEU edition

News > Markets

Read more breaking news

 

 
Loading...

Low barriers of entry have enabled ‘grifters, cobblers, and vermin’ to give industry bad GMP compliance press: BI chief

By Stephen Daniells , 21-Nov-2012
Last updated on 27-Nov-2012 at 16:53 GMT

The industry’s big names have been complying with GMP regulations for years, but low barriers to entry have made it easy for less serious companies to do business with low GMP compliance, says the chief of BI Nutraceuticals.

George Pontiakos told NutraIngredients-USA: “The marquee names in this industry have been complying since even before GMPs were a regulated process.

“The challenge is that you have very small barriers to entry in a lot of channels in this marketplace, and there are a lot of grifters, cobblers, and vermin out there that will position themselves, be very price-driven, not worry about efficacy, safety and quality, and be able to get a little bit of traction and be able to do business.

“Adulteration is a global issue,” said Pontiakos. “You have to go out with a ‘trust but verify’ attitude.”

Election results

Commenting on the recent election results, Pontiakos said that his has concerns over whether there would a bipartisan fix of the economy.

“Our concern is in the dollar policy and the stability and the confidence that the world will have in the US economy.”

BI Nutraceuticals, which celebrates its 35th anniversary this year, does business in 35 countries and is “geographically competitive and globally dispersed”, said Pontiakos. “We’re very concerned about monetary policy and the evisceration of the dollar.”

“The MLM side of the business is doing well, but I think the mass market part has taken a hit.”

The move online is only a subset of this situation, said Pontiakos. “I think the overall problem is that the US consumer is very strained right now economically and they have to make decisions based on breathing, bleeding and poisoning.”

On the election results and FDA: “I think a lot of the future plans FDA had budgeted, I think there is a clear intent to launch these processes and programs. I think from a stability perspective, it’s going to improve now that we have a decision in the country.”

William Reed Business Media Holiday video

Happy Holidays 2014 from William Reed Business Media!

The holidays are fast upon us, so let’s put ‘business’ to one side and...

Botanical Adulterants Program 'intended to raise the bar of awareness of the problem, and I think we've done that,' Blumenthal says

Botanical Adulterants Program 'intended to raise the bar of awareness of the problem, and I think we've done that,' Blumenthal says

The Botanical Adulterants Program is “raising the bar of awareness of this growing problem among...

McGuffin: DSHEA was about preserving right to direct one's own self care

McGuffin: DSHEA was about preserving right to direct one's own self care

Michael McGuffin, president of the American Herbal Products Association, has a unique perspective on...

‘Some companies claiming they’re strengthening their defense against chondroitin adulterants are not using the right method’: Synutra President

‘Some companies claiming they’re strengthening their defense against chondroitin adulterants are not using the right method’: Synutra President

A unique collaboration of experts worked together to identify an adulterant in the chondroitin...

Israelsen: DSHEA created world's most vibrant supplement marketplace

Israelsen: DSHEA created world's most vibrant supplement marketplace

The dietary supplement business has gone from fighting for its life to enjoying the...

CRN’s Mister on DSHEA’s ‘monumental anniversary’, companies choosing a side, and the critical role of contract manufacturers for GMP complia...

CRN’s Mister on DSHEA’s ‘monumental anniversary’, companies choosing a side, and the critical role of contract manufacturers for GMP compliance

The 20th anniversary of the Dietary Supplements Health and Education Act (DSHEA) is ‘monumental’, says...

New ingredient set to give caffeine a run for its money, supplier says

New ingredient set to give caffeine a run for its money, supplier says

Ingredient supplier Compound Solutions has introduced a nature identical version of theacrine branded as...

GMPs, NDIs, and definitions for GMO and natural: NPA’s Fabricant on industry issues

GMPs, NDIs, and definitions for GMO and natural: NPA’s Fabricant on industry issues

Despite ongoing vacancies in the main office of the Division of Dietary Supplements, companies...

Cargill highlights cavity-fighting effect of Zerose erythritol at SupplySide West trade show

Cargill highlights cavity-fighting effect of Zerose erythritol at SupplySide West trade show

Research by Cargill shows its Zerose brand erythritol does more than just cut calories; ...

Adverse event reporting can provide valuable data to companies, expert says

Adverse event reporting can provide valuable data to companies, expert says

Reporting adverse events is something all dietary supplement companies must prepared to do to...

UK researcher backs supplements for omega-3 intakes

UK researcher backs supplements for boosting omega-3 intakes

Philip Calder

Professor, University of Southamption

‘You think Red Bull’s just gonna roll over? It’s not gonna happen!’

‘You think Red Bull’s just gonna roll over? It’s not gonna happen!’ Expert warns wannabes

Beverage brand development guru James Tonkin has warned wannabe entrepreneurs that going up against...

Coffee may hydrate athletes just like water: Researcher

Coffee may hydrate athletes just like water: Researcher

Sophie Killer

Doctoral researcher, Loughborough University

Caffeine in small doses and during training may boost performance

Caffeine taken during training and even in small doses may boost sports performance: Researcher

Sophie Killer

Doctoral researcher in exercise metabolism and performance nutrition

Psychobiotics can feed gut-brain health axis: 'It’s really an exciting frontier,' says professor

Psychobiotics can feed gut-brain health axis: 'It’s really an exciting frontier,' says professor

Professor John Cryan

Chair and head of the Department of Anatomy and Neuroscience,...

Algatech: Functional food on astaxanthin horizon

Algatech: Functional food on astaxanthin horizon

Israeli firm Algatechnologies will work towards gaining approval for its astaxanthin as a novel...

Fed up: Probiotic research veteran issues global call to action

Fed up: Probiotic research veteran issues global call to action

Veteran probiotic researcher professor Gregor Reid is not a happy man. It’s time the...

Industry concerned about data abuse as EFSA fans transparency wings

Industry concerned about data abuse as EFSA fans transparency wings

Euros Jones

Director of regulatory affairs, European Crop Protection Association (ECPA)

Unilever: Healthier food choices must be ‘doable’

Unilever: Healthier food choices must be ‘doable’

Hans Zevenbergen

Cross-category nutrition and health director, Unilever

Key Industry Events

 

Access all events listing

Our events, Events from partners...