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10 February 2012 | Angeline Albert
Asda Wal-Mart has set up a system to help it cut cost, waste and risk across its entire supply chain by encouraging its existing suppliers to work together.
As part of the supermarket retailer's goals to promote sustainability,it has launched an IT platform called the Asda Sustain & Save Exchange. It is hoped this system will increase efficiency by enabling suppliers to share best practice, reduce duplication of effort across the supply chain and give direct access to sustainability ideas, experts and other important information.
Julian Walker-Palin, head of corporate sustainability at Asda, said: “We want to improve collaboration with and between our valued suppliers to explore new forms of partnership that drive growth, efficiency and profit through sustainability; and the Asda Exchange offers our suppliers the opportunities to help us to shape this for the future.”
The supermarket chain, which is part of the US retail giant Wal-Mart, expects the Asda Exchange to help suppliers overcome challenges such as research knowledge gaps by using it to share ideas, raise questions and generate fresh approaches.
Walker-Palin added: “There are many challenges to investigating and initiating resource efficiency improvements, not least the time it takes to research new ideas, proving the business case/ROI, and engaging relevant stakeholders.”
Asda plans to create an advisory board to represent key suppliers, who will guide the exchange’s development.
The Asda Sustain & Save Exchange, hosted by technology firm 2degrees, is part of Asda’s sustainability strategy, which aims to be supplied by 100 per cent renewable energy in the future, achieve zero waste and supply sustainable products.