SUBSCRIBE

Breaking News on Supplements, Health & Nutrition - North America EU edition | APAC edition

News > Markets

Read more breaking news

 

 

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 GMT2012-11-27T16:53:17Z

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

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.”

6 steps to take to “do good” and expand appeal to modern consumers

6 steps companies can take to “do good” and expand their appeal to modern consumers

Modern Americans expect much more from food companies today than they did in the...

DayTwo CEO Lihi Segal on gut microbiome & personalized nutrition

Personalized nutrition start-up DayTwo looks at stool samples to create bespoke diets based on users’ gut microbiomes

The question that sparked the research behind DayTwo was why some people gain weight...

Are personalized health developments changing the conversations around supplements?

Are personalized health developments changing the conversations around supplements?

Developments in personalized health has switched the data ownership from the doctor to the...

David Katz, reThink Food: Nutrition advice doesn't keep changing

Dr David Katz at reThink Food 2016: 'We're told nutritional advice keeps changing... that's just not true'

“I don’t know what to eat anymore because the ‘experts’ keep changing their minds...

Arla launches four new protein hydrolysates for sports nutrition

Arla: 'We believe we'll see more protein gels going forward'

Gel, powder, milky beverage, and clear beverage—these are the four whey protein applications Arla's...

Dr Jeff Bland: ‘The future of dietary supplements is to marry itself into this scientific wellness revolution’

Dr Jeff Bland: ‘The future of dietary supplements is to marry itself into this scientific wellness revolution’

Technological advances, from genomic testing to real-time data collection from wearables, will open up...

‘There’s a big & growing interest in personalized nutrition’: Expert

‘There’s a big & growing interest in personalized nutrition’: Expert

Interest in personalized nutrition and how it pertains to wellness is growing, and companies...

Algatechnologies ‘aggressively’ exploring other microalgae

Algatechnologies ‘aggressively’ exploring other microalgae, says chairman

Algatechnologies is widely known for its astaxanthin ingredient. Is it time to expand to...

ExcelVite CEO shares latest developments in tocotrienol innovation

ExcelVite CEO shares latest developments in tocotrienol innovation at SupplySide West 2016

Malaysia-based ExcelVite is harnessing the peninsular country’s abundant palm resources to develop tocotrienol ingredients...

Glanbia adds sparkle to iron with new Lactoferrin delivery format

Glanbia adds sparkle to iron with new Lactoferrin delivery format

With athletes in mind, Glanbia partnered with Wisconsin-based PoppingFUN for a new confectionary-inspired delivery...

Soup-To-Nuts Podcast: 5 trends driving growth in natural & organic

Soup-To-Nuts Podcast: 5 trends driving growth in natural & organic

As US consumers embrace a healthier lifestyle focused on prevention rather than treatment, they...

Overcoming the taboo of vaginal health – the next frontier of probiotics

Overcoming the taboo of vaginal health – the next frontier of probiotics

A paradigm shift is needed to force delicate women’s health issues like vaginal infections...

Lab meat, plant proteins and insects: Which alternative proteins will feed the world?

Lab meat, plant proteins and insects: Which alternative proteins will feed the world?

The quest for alternatives to animal-derived proteins has led to a huge amount of...

African probiotic project reaching 10,000 infants a day

African probiotic project reaching 10,000 infants a day

Professor Gregor Reid

Chair , University of Western Ontario & Human Microbiology and...

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...

Key Industry Events

 

Access all events listing

Our events, Shows & Conferences...