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Selling Surplus Food Is Easier With New Online Auction Marketplace

September 21, 2016: 12:00 AM EST
Selling surplus food – caused by overruns, irregular sizing, package changes, discontinued items, overstock, etc., – is a real hassle because the process is “chaotic, difficult, frustrating and extremely time consuming.” The key problem is the lack of a true marketplace where surplus product is exposed and sold. That problem may be solved, however, with the emergence of My FoodBids, a sort of eBay for food. The auction-style online marketplace is a quick, easy and safe way for food manufacturers, distributors and wholesalers to sell surplus inventory anonymously. The service is free to buyers; sellers pay a standard 10 commission on a sale.  It is designed to encourage higher bid prices, and faster sales, through open bidding without pricing caps. 
"My FoodBids: The First Online Food Auction Marketplace for Surplus Foods. Think Ebay for foods", News release, My FoodBids, September 21, 2016, © My FoodBids
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