GD Abhishar's questions to INNOVATIVE FOOD HOLDINGS (IVFH) leadership • Q1 2025
Question
GD Abhishar asked about the key lessons Innovative Food Holdings has learned from its recent acquisitions of LoCo Foods and Golden Organics.
Answer
CEO Bill Bennett explained that a key lesson was the significant effort required to implement formal processes and public company controls in small, founder-led businesses. He noted the historical reliance on informal communication and gut-based decisions, which the company is now replacing with standard operating procedures and data-driven tools for functions like inventory ordering. Bennett emphasized that building this detailed integration playbook will make future acquisitions much more efficient.