U.S. online retail spending will grow at a 19% year over year growth rate to reach $229.9 billion between 2003 and 2008, Forrester Research says. According to the study, food and beverage, sporting goods and homeware will grow fastest.
Including isoflavones and lignans in the diet could help women reduce their risk of endometrial cancer, a group of researchers says. Isoflavones and lignans can be found in natural products such as soy.
The Grocery Manufacturers of America and the Food Marketing Institute both support proposed legislation in Congress to treat organized retail theft as a federal felony, with possible prison terms of up to 10 years. Estimates assert ORT costs the food industry as much as $15 billion annually.
The Southern Shrimp Alliance is pressing for legal action to protect the U.S. market against a flood of cheaper imported shrimp. The group hopes to achieve a high duty on imported prawns similar to the one recently levied on Vietnamese catfish.
The FDA has caused an uproar among food retailers and wholesalers with sections of its Bioterrorism Act of 2002, the most controversial of which would require that firms provide a lot code for each food product. FMI president and CEO Tim Hammonds said that the lot numbers would be very costly and food retailers have already proved that they can quickly and effectively get contaminated food off the shelves.