Today's program: Supply Chain and chicken which is not chicken but taste like chicken
Welcome to "nouveau monde", sort of a "nouveau genre" newsletter to better understand how to make the world better through the lens of retail. This is #26!
Let’s talk in nouveau monde this week about the benefits of supply chain in company’s profits thank to sustainability (or at least what it might become) and addressing food-waste and also disrupting the way meat is produced (chicken in our case)..
Things move fast in retail and sustainability, we’re really happy to help you get the right tips and be inspired…and. wish you a great Sunday!
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Today's newsletter is 798 words, a 4-minute read.
Sustainable supply chain for a better profit
Sustainability is driving changes in supply chain strategy, efficiencies and technologies, as well as how success is measured, according to Jean-Marc Ollagnier, CEO of Accenture in Europe. "While stakeholders have diverse expectations, sustainability offers a way to manage conflicts because it is one commitment they are all likely to share," Ollagnier writes.
Moreover: “The financial rewards of seeing sustainability as the common denominator for multiple forms of business change will be significant: Companies that consider the impact of their actions beyond the balance sheet achieve stronger financial performance according our analysis.”
Kind of a nouveau monde concept of making profit, maybe.
Source: Forbes, Multiple Signals Of Change With One Sustainable Thread
The EU Eco-Management and Audit Scheme (EMAS) is a premium management instrument developed by the European Commission for companies and other organizations to evaluate, report, and improve their environmental performance. EMAS is open to every type of organization eager to improve its environmental performance.
They defined seven steps bringing to a sustainable supply chain:
(1) The company maps its supply chain to get an overview of the value creation process.
(2) It then identifies significant environmental and social impacts, assesses related risks, and prioritises action areas.
(3) It identifies gaps and develops measures to improve its performance where necessary.
(4) Consequently, the company adapts internal structures and processes, and
(5) formulates supplier requirements regarding sustainability and makes them binding. An important part of this step is to create a supplier code of conduct that can be integrated into a supplier contract.
(6) The company then evaluates the sustainability performance of suppliers by checking their self-assessments or by directly auditing them. To ensure that suppliers meet the company’s expectations in the long run, it is important to develop the suppliers’ capabilities -- for example, by providing regular training on sustainability issues.
(7) Finally, the company should disclose information on its sustainable supply chain management activities as part of its reporting.
Source: European Commission
New sustainable meat with Just
I met Josh Tetrick in 2013. Joshua Stephen Tetrick is an American social entrepreneur and currently the CEO of JUST, Inc., formerly called Hampton Creek, a food startup company based in San Francisco. His Wikipedia page will inform you of a unusual background, putting him quite early in philanthropy and spending a high energy into some crucial concerns like education, poverty in Africa…
Eat Just has launched different type of products, starting with the eggless eggs and mayonnaise and the first government-approved vendor of lab-grown chicken. The cell-cultured chicken is produced under Eat Just’s new GOOD Meat brand through partnerships with manufacturers in Singapore, being available on sale to restaurants before it is available to consumers.
The company received in March this year funding led by the Qatar Investment Authority, the sovereign wealth fund of the state of Qatar, with additional participation from Charlesbank Capital Partners and Vulcan Capital, the investment arm of the estate of Microsoft co-founder Paul G. Allen (Bill gates backed the company early after its creation in 2011). And now, this week, the company announced partnering with Doha Venture Capital and Qatar Free Zones Authority to build the first-ever cultivated meat facility in the Middle East and Northern Africa (MENA) region. The facility will be located in the Umm Alhoul Free Zone in Doha, Qatar.
GOOD Meat is using a new, sustainable approach.
Well, unfortunately, this will be available only for influencers living their good life around this region, because Qatar is the second country to grant regulatory approval for their product.
Bonus track by Joe
“I'm all lost in the supermarket - I can no longer shop happily - I came in here for the special offer Guaranteed personality”. Of course this song written in 1070 describes someone struggling to deal with an increasingly commercialized world and rampant consumerism…but it “speaks of numbness from suburban alienation and the feelings of disillusionment that come through youth in modern society”. Let’s hope this nouveau monde being not far away!