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Home» Business»China Expat Entrepreneur: Food Safety Woes Create Business Opportunity

China Expat Entrepreneur: Food Safety Woes Create Business Opportunity

Saheli 28 Aug 2016 Business Comments Off on China Expat Entrepreneur: Food Safety Woes Create Business Opportunity 191 Views

Saucepan co-founder Simon Vogel, furthest left,  and his Shanghai colleagues.

Offline threats to consumers like business fraud have long turned up in the online world.  So it’s no surprise that long-time safety woes in China’s food industry are also bedeviling a public that increasingly orders meals and snacks by smartphone. Take-out delivery firm Ele.me, invested by the country’s e-commerce giant Alibaba Group, was fined $18,000 earlier this year for selling food from unlicensed vendors.

That problem for consumers is seen as an opportunity by Simon Vogel, a Swiss national who with his German partner Wolfgang Illing runs salad delivery firm Saucepan in Shanghai.  The company currently serves up to 150 meals a day with names such as “Hipster Avocado” salad and “Nomad Power Bowl” at an average price of 55 yuan, or $8.30, in the city.  Vogel hopes to reach 400 meals per day by the end of the year.   I talked briefly with Vogel at Startup Grind, a startup networking event in Shanghai yesterday at the Glam Bar.  Excerpts follow.

Q. How is it that you came to Shanghai to start your business?

A. I was in the Middle East in Qatar and had been working in hospitality. My brother was here for five years, and I came with the mission to open a food and beverage concept in the city. I was 28 at that time, and thought it was the right decision for my career.

It’s a huge market.  The health food business is booming:  It will reach $70 billion to 2020, and is growing by 20% a year.  We are talking about an overall global health food market that will reach $1 trillion in 2017

Q. You set up this business on your own?

A. My expat partner and I set up a WOFE (wholly foreign owned enterprise) in Shanghai, have been operating the business for a year now.

[Source:-Forbes]

business China create Entrepreneur Expat Food opportunity safety woes: 2016-08-28
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