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Amid challenging conditions in the local food industry, Utrecht-based startup Lokalist has been declared bankrupt, ceasing its operations after a five-year journey, Cointurk Finance reported. Known for its innovative approach in directly linking farmers and producers to consumers, Lokalist had initially gained traction for promoting a shorter food supply chain. Despite its efforts to create a fairer system for farmers and a closer connection to customers, the company faced insurmountable hurdles, culminating in Tuesday’s bankruptcy declaration by the Midden Nederland District Court.
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