Background on Key Players and Relevance
The threat of tariffs, such as the compensatory quota on tomatoes from Mexico, by the United States has accelerated the diversification of food export and import markets. Larry Gil, CEO and founder of Loads, stated in an interview that “between 20% and 30% of our Mexican suppliers are already looking to ship products like avocados, lemons, or grapes to China, Europe, or Colombia, where they previously had no presence.”
Who is Larry Gil and Loads?
Larry Gil is the CEO and founder of Loads, a company that facilitates transactions between food producers and importers. Loads offers a 10% average margin per transaction without hidden subscriptions or costs, positioning itself as a competitive alternative in the industry.
Loads’ Unique Selling Points
- Annual Availability: Loads provides products from multiple origins, avoiding seasonal limitations.
- Extensive Catalog: From apples to strawberries, Loads centralizes offers that traditional producers cannot match.
- Integrated Financing: Offers average credits of $35,000 to prevent cash flow issues for importers.
Loads’ client base consists of 80% importers distributing to supermarkets and restaurants, while the remaining 20% are chains like Soriana or Calimax. In Mexico, Loads collaborates with producers of avocados, lemons, grapes, and strawberries.
Expansion Plans
Loads announced plans to double its presence in Mexico, including new regional offices. The country is not only a strategic market but also a central provider for other destinations.
“Mexico has always been relevant, but now it’s clear that diversification is necessary,” Gil noted.
The platform also emphasizes its fintech aspect by offering more financing tools to facilitate global trade.
“We want clients not only to purchase but also finance their operations without upfront payments, which is a requirement in the traditional industry,” Gil explained.
Key Questions and Answers
- What is Loads? Loads is a company that connects food producers with importers, offering an average margin of 10% per transaction and integrated financing solutions.
- Who is Larry Gil? Larry Gil is the CEO and founder of Loads, a company that aims to streamline food product transactions between producers and importers.
- Why is Mexico important for Loads? Mexico is a strategic market and central provider for other destinations. Loads plans to double its presence in Mexico, including new regional offices.
- What financing solutions does Loads offer? Loads offers integrated financing with average credits of $35,000 to prevent cash flow issues for importers.
- What types of food products does Loads handle in Mexico? Loads collaborates with producers of avocados, lemons, grapes, and strawberries in Mexico.
