Sometimes, even the most successful and experienced entrepreneurs need a little extra help navigating ways to diversify and expand their business model. For dairy products and ingredients company, Tedford/Tellico, Inc. in Knoxville, Tennessee, that was the case in 2022, when its Global Sales Director Matthew Tedford attended his first-ever USDA-sponsored agribusiness trade mission more than 8,500 miles away in the Philippines.
Tedford/Tellico, Inc. had already successfully established itself as a global supplier of U.S. dairy products, including nonfat dry milk, whole milk powder, whey powders, whey and milk protein concentrates/isolates, cheeses (including cream cheese), lactose, butter, buttermilk powder, sweetened condensed milk, and cream, to bakeries, ice cream manufacturers, cheese processors, snack food companies, health supplement providers, spice blenders, beverage and chocolate makers, breweries, veal and swine feed manufacturers, and calf milk replacer companies.
“Tedford/Tellico, Inc. was founded as a domestic endeavor in 1982, and first entered the ranks of exporter 10 years later when we started shipping whey powder to Mexico,” explained Tedford. “We expanded into China in the late 1990s, which has since become our largest export market.”
And, while Tedford/Tellico, Inc. had succeeded in becoming a global enterprise with buyers in more than 20 countries worldwide, the desire to increase diversification, create new revenue streams, and help alleviate reliance on any one market was growing – and that’s what really attracted Tedford to apply for the USDA-sponsored trade mission to the Philippines.