The 2005 Innovation Awards, sponsored by GMA and FMI, were awarded to:
“The winners of the Innovation Award clearly showcased dynamic solutions for reducing the costs associated with unsaleable products. The goals achieved by these companies can serve as models for others in the industry,” said GMA’s Senior Director of Industry Affairs Karin Croft.
“We are very pleased to recognize the outstanding accomplishments made by each of these companies,” said Patrick Walsh, senior director, industry relations, FMI. “Their innovative initiatives provide excellent examples of how collaborative efforts can significantly reduce unsaleables losses and improve operating efficiency across the board.”
Innovation Award recipients will present their case studies at the 2005 Joint Unsaleables Management Conference, which is produced by GMA in conjunction with FMI, the National Association of Chain Drug Stores and the Consumer Healthcare Products Association.
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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