business news in context, analysis with attitude

Interesting piece from Bloomberg about a company called Inscatech, described as “a global network of food spies … In demand by multinational retailers and food producers, Inscatech and its agents scour supply chains around the world hunting for evidence of food industry fraud and malpractice.”

One of the places where Inscatech does much of its work is China, which continues to be a “key growth area for fraudsters.”

Bloomberg writes, “While adulteration has been a bugbear of consumers since prehistoric wine was first diluted with saltwater, scandals in China over the past decade — from melamine-laced baby formula, to rat-meat dressed as lamb — have seen the planet’s largest food-producing and consuming nation become a hotbed of corrupted, counterfeit, and contaminated food.” Inscatech, the story says, “is developing molecular markers and genetic fingerprints to help authenticate natural products and sort genuine foodstuffs from the fakes. Another approach companies are pursuing uses digital technology to track and record the provenance of food from farm to plate.”

You can read the entire story here.
KC's View: