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Retailers take on sustainability

The Food Marketing Institute (FMI) recently held their inaugural Sustainability Summit in Minneapolis, MN.

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The three-day summit was well attended, with more than 300 registered participants representing a number of members across the packaging value chain, including: retailers of all sizes and shapes (though Wal-Mart was not represented), brand owners, packaging converters, raw material suppliers, and numerous NGOs. The theme of the summit was focused on retailers and sustainability, and the central message that rang loud and clear was simple enough: sustainability is here to stay, so retailers need to get ready.

One of the top insights from the show was that most retailers (outside of Wal-Mart, Target, and Whole Foods) have only recently started focusing on sustainability. Many have been paying attention to what they can do within their own walls. Energy savings, for example, are being actively promoted at a number of chains. But what retailers haven’t been doing is collaborating with other players in the value chain—at least not yet.

The social aspect of the triple bottom line (economic, environment, social) also received plenty of attention at FMI’s Sustainability Summit, as transparency is forcing retailers to be more knowledgeable about what their suppliers are doing. The importance of sustainable sourcing was highlighted on a number of occasions. A great many NGOs in attendance, for example, focused on seafood sourcing, and again their message was simple: If the ocean’s supply of Chilean sea bass is in serious decline, does a retailer want to carry or promote that species on a regular basis?

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