“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 (FMI) conducts programs in public affairs, food safety, research, education and industry relations on behalf of its nearly 1,250 food retail and wholesale member companies in the United States and around the world. FMI’s U.S. members operate more than 25,000 retail food stores and almost 22,000 pharmacies with a combined annual sales volume of nearly $650 billion. FMI’s retail membership is composed of large multi-store chains, regional firms and independent operators. Its international membership includes 126 companies from more than 65 countries. FMI’s nearly 330 associate members include the supplier partners of its retail and wholesale members.
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