“As the leading representative of the food retail and wholesale industry, FMI applauds the President’s call for a New Ethic of Responsibility and Era of Integrity in corporate America.
“Restoring faith in America’s business leaders is essential to preserving the free enterprise system itself. Throughout FMI’s 25 years, our members have observed the cornerstone of our Statement of Philosophy: ‘The grocery retailer, from the smallest corner store to the largest supermarket company, is the purchasing agent for the consumer.’ We have lived by the pledge set forth by our founders in that same statement, that ‘FMI must maintain a reputation of openness, honesty and trust. The integrity of the organization must never be compromised.’
“These words have never been more important than today. We will redouble our efforts to live and work by them.”
Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.
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