VENDORS, GMA SET NET-BASED MARKET

WASHINGTON -- The consumer packaged-goods industry is launching an initiative to create an Internet-based cooperative exchange designed to offer industrywide efficiencies on a global level, the Grocery Manufacturers of America here said last week.The GMA said the goal of the initiative is to reduce the $200 billion manufacturers spend on goods and services to support their operations.According to

WASHINGTON -- The consumer packaged-goods industry is launching an initiative to create an Internet-based cooperative exchange designed to offer industrywide efficiencies on a global level, the Grocery Manufacturers of America here said last week.

The GMA said the goal of the initiative is to reduce the $200 billion manufacturers spend on goods and services to support their operations.

According to C. Manly Molpus, president and chief executive officer of the GMA, more than 50

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