Trace One Network Will Fuel Efficiency for Success

BOSTON, 2017-Oct-27 — /EPR Retail News/ — To help retailers and suppliers succeed in a highly competitive industry, private label collaboration experts Trace One today launched the Trace One Network. This global retail business network promotes efficient, accurate communication so companies create innovative products, boost agility and delight consumers. To drive critical mass adoption of the network, Trace One will leverage its global network of 20,000 retail companies – the largest private label community in the world.

Amid this period of retail reinvention, Trace One Network focuses on enhancing communication by creating a single online hub for retail partners to serve shoppers better. Market trends disrupting grocery private label include the rise of grocery e-commerce, hard discounters and direct-to consumer rivals. Addressing these factors means companies must collaborate, as competition now takes place between supply chains – not just individual companies.

“Collaboration helps retail companies differentiate themselves from the competition and win with private label by adapting to consumers’ expectations of speed, agility and responsiveness,” says Trace One CEO, Christophe Vanackere. Trace One Network saves retail professionals time and effort by helping them gather relevant market knowledge, build relationships, and share company and product data using one integrated solution. The network will continuously evolve and add valuable functionality to serve retail users’ needs over the long term.

Retail companies benefit from Trace One Network, as retailers and suppliers can identify reliable trading partners, source and promote private label products, and stay informed of industry trends. This online collaboration network will help retail companies improve their speed to market, cost management, and mitigate key business risks.

“Given today’s retail disruption, Trace One Network is exactly what retail trading partners need to deliver a superior customer experience. We can no longer afford to work in silos,” says Shaun Bossons, CRO, of Trace One. “The network represents an evolution of Trace One’s proven strengths in connecting global retail supply chain partners for efficient collaboration, while addressing companies’ need for business efficiency, differentiation and confidence in their private label brands.”

About Trace One

Founded in 2001, Trace One powers the world’s largest collaborative network for private label development with more than 20,000 companies in 100 countries developing over $300B in products annually. Our globally proven platform enables our customers to develop and manage private label products, ensure conformity to industry and government legislation and drive consumer trust.

CVS Health recognized by Billion Dollar Roundtable for reaching its goal of spending over $1 billion with diverse suppliers

WOONSOCKET, R.I., 2017-Apr-06 — /EPR Retail News/ — CVS Health (NYSE: CVS), the nation’s largest pharmacy innovation company, today (April 5, 2017) was recognized by Billion Dollar Roundtable, a top-level corporate advocacy organization that promotes supply-chain diversity excellence, for reaching its goal of spending over $1 billion with diverse suppliers.

“We are incredibly proud to be recognized by Billion Dollar Roundtable for our commitment to using diverse suppliers throughout our business,” said Eva Boratto, Executive Vice President, Chief Accounting Officer for CVS Health. “By tapping into this expanding supplier pool, we are able to build supply chain excellence, add distinctive goods and services to our business offerings and enhance our brand among customers.”

CVS Health joins the ranks as one of 26 major U.S.-based corporations that provide thought leadership and solutions-driven exploration of key issues in supplier diversity. Billion Dollar Roundtable member companies each spend $1 billion or more annually for a broad range of goods and services with certified diverse companies whose majority owners primarily are minorities and women.

This recognition is the latest in a series of third-party acknowledgments, including CVS Health being ranked #45 on Fortune’s Most Admired Companies in 2017, #3 on Fast Company’s 50 Most Innovative Companies in 2016 and among the World’s Most Valuable Brands by Forbes . The company also received awards recognizing its innovation, leadership, and workplace practices by CIO (100 Best Companies for IT Innovation), Corporate Responsibility Magazine (100 Best Corporate Citizens), Human Rights Campaign (Best Places to Work for LGBT Equality) and Disability Equality Index (Best Places to Work).

About CVS Health
CVS Health (NYSE: CVS) is a pharmacy innovation company helping people on their path to better health. Through its more than 9,700 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 90 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact:
Joe Goode
401-770-9820
Joseph.Goode@CVSHealth.com

SOURCE: CVS Health

Tesco launches online ‘food waste hotline’ to help suppliers and growers identify food waste hotspots

Tesco launches online ‘food waste hotline’ to help suppliers and growers identify food waste hotspots

CHESHUNT, England, 2017-Mar-15 — /EPR Retail News/ — Tesco has launched an innovative, online ‘food waste hotline’, to help make it easier for suppliers and growers to pinpoint ongoing food waste hotspots, and work with the retailer in tackling them.

The ‘hotline’ is accessible to all Tesco suppliers via the retailer’s online Supplier Network, a resource used by over 5,000 Tesco partners regularly. The ‘hotline’ will serve as a new link between these businesses and Tesco Product teams, and will enable them to alert Tesco to potential supply chain food waste and work together to take action.

Supply chain food waste accounts for a significant proportion of UK food waste. Tesco is committed to helping halve all UK food waste by 2025 and currently works closely with suppliers to reduce food waste where it occurs.

For instance, last summer’s weather meant a warmer period than forecast and as a result the strawberry crop all ripened at the same time. Tesco’s response was to take the whole crop and introduce large boxes of strawberries to stores at a market leading price – helping customers and avoiding food waste on farm. |

The ‘hotline’ will provide another way for this to continue, while enabling Tesco to work directly with suppliers to identify emerging as well as the more long term food waste issues they face.

Matt Simister, Commercial Director, Fresh Food and Commodities at Tesco, said:
“At Tesco, we have no time for waste, and we are committed to reducing food waste wherever it occurs, from farm to fork.

The ‘food waste hotline’ is another little help we are making to achieve this with our suppliers. It helps our suppliers gain direct, easy access to our Product teams, and this will enable us to identify food waste hotspots and systemic issues and work in partnership to tackle them.”

Notes to editors
• The ‘food waste hotline’ another part of Tesco’s ongoing work to tackle food waste under its No time for waste campaign and commitments. For more information go to www.tescoplc.com/foodwaste.

• Tesco has made a commitment that no surplus food will be wasted in its UK operations by the end of 2017. For more information on Tesco’s commitment to tackling food waste, visit www.tesco.com/foodwaste

• Tesco CEO Dave Lewis chairs Champions 12.3, a coalition of leaders from government, business, research and civil society. This group is dedicated to accelerating progress towards the UN Sustainable Development Target 12.3. – to halve per capita global food waste at retail and consumer level, and reduce food losses along production and supply chains by 2030.

 

About the Supplier Network
The Supplier Network is Tesco’s online community for all Tesco teams, suppliers and producers from around the world. The network enables members to share knowledge, build a more sustainable supply chain and innovate together.

Contact:
Tesco Press Office
01707 918 701

Source: Tesco

Tesco strengthens its relationships with its suppliers with new Fair For Farmers Guarantee on all of its fresh milk

CHESHUNT, England, 2016-Jul-02 — /EPR Retail News/ — Tesco has today unveiled a new Fair For Farmers Guarantee on all of its fresh milk, as it continues to build transparent, long-term relationships with its suppliers.

The Fair For Farmers Guarantee explains how every pint of milk sold at Tesco is 100% British and provides customers with information on the fair price Tesco pays to all of its dairy farmers.

Tesco sources all of its fresh milk from the 600 British farmers who make up the Tesco Sustainable Dairy Group (TSDG). The Group was founded by Tesco in 2007 to ensure farmers benefit from a price which is above the cost of production.

Matt Simister, Commercial Director for Fresh Food at Tesco, said:

“Since we founded the Tesco Sustainable Dairy Group (TSDG) in 2007, we’ve been working in partnership with our farmers to ensure they have a sustainable long term future.

“When customers buy our milk they want to know our farmers are fairly treated and their cows are well cared for, so we’ve introduced the Fair For Farmers Guarantee on all our milk to give them peace of mind that they’re supporting British farmers with every pint of milk they buy. “

While prices may fluctuate in shops, Tesco pays farmers a price above the cost of production, set for three months at a time, ensuring they have a stable income, no matter what happens in the market. Since November 2007, in total Tesco has paid £240m over market prices to its milk farmers*.

TSDG Dairy farmer and Committee Chairman James Stephen said:

“As a lifelong dairy farmer I’ve seen first-hand how important the stability and support from the retail industry is to help us plan for the future. For over eight years I have worked with Tesco, who continue to pay British dairy farmers above the cost of production price for our milk,  so that we can focus on the things that matter most- caring for our cows and producing high quality milk. The Fair For Farmers Guarantee stamp is a simple way for customers to know that when they buy fresh milk from Tesco, they are helping to foster a better future for hundreds of British farmers.”

The Fair For Farmers Guarantee:

Every farmer is paid fairly for every pint of milk:

  • Tesco dairy farmers get a fair deal, with a price above the cost of production for their fresh milk, so even if we drop the price of milk for customers, our farmers get paid the same.

Every pint is 100% British:

  • We work with dairy farmers from across England, Scotland and Wales.

Every cow is well cared for:

  • We have some of the best and award winning farmers across the country, whose priority is the health and well-being of their cows. Shoppers can be confident that our milk is produced to high standards and with the very best care and attention.

All Tesco dairy farmers receiving the Guarantee must adhere to the nationally recognized Red Tractor assurance scheme, as well as additional Tesco welfare standards on cow health and welfare.

Notes to editors

*£240 million is calculated by taking the total amount we’ve paid to our farmers compared to the AHDB average market price per litre each month (whether higher or lower), multiplied by the number of litres we purchased that month.

For more information please contact the Tesco Press Office on:
01707 918 701
We are a team of 480,000 in 11 markets dedicated to serving shoppers a little better every day.

Source: Tesco

Tesco launched new interactive platform to boost collaboration, innovation and sustainability across its suppliers

Cheshunt, England, 2015-1-23 — /EPR Retail News/ — Tesco has launched a new interactive platform to boost collaboration, innovation and sustainability across its suppliers.  The Tesco Supplier Network will help over 5000 members from across the world share the opportunities and challenges of delivering high quality, affordable and sustainable products to Tesco’s customers.  Members will be able to connect directly with Tesco teams, learn more about Tesco and learn from each other on issues such as energy, food waste or innovation.

Jason Tarry, Head of Commercial at Tesco said:

“This new community of Tesco teams, suppliers and producers from around the world gives us the opportunity to improve communication, share ideas and continually improve the products that our customers enjoy.  The Network will play an integral part in our partnerships with suppliers to deliver for our customers.”

Notes to editors:

  • The Tesco funded site brings together two pre-existing communities; the Tesco Producer Network, which served fresh food producers, and the Tesco Knowledge Hub, which was open to branded manufacturing and processing suppliers.
  • The network can be accessed here: www.tescosuppliernetwork.com
  • Please click here to view a video about the network: http://youtu.be/ArK4s2Ctp5U
For more information please contact the Tesco Press Office on
01992 644645
We are a team of over 500,000 people in 12 markets dedicated to providing the most compelling offer to our customers.