kroger

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Kroger has performed consistently amid stiff competition from the likes of Walmart, which already has an outsize share of U.S. grocery sales, and Amazon, which

Kroger | 2022 World's Most Admired Companies

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Kroger

Kroger | 2022 World's Most Admired Companies | Fortune

[SUSPENSEFUL MUSIC] We were so disturbed and saddened by what happened in Parkland that we said, we need to do something. And we talked about what we needed to do, and we felt that we needed to make a statement that we will no longer sell assault-type rifles, high-capacity magazines, and a few other things. [SUSPENSEFUL MUSIC] 

Here's How Major Retailers Are Tackling Gun Reform

Retail

Walmart, Kroger, and Dick’s all have made policy changes.

so disturbed and said by what happened in apartment, we said we need to do something and we talked about what we needed to do and we felt that we needed to make a statement that we will no longer sell assault type rifles, high capacity magazines and a few other things.

Everything you see will one day belong to the garbage industry, everything. And 99 % of it within a year. And not only will it be property of the garbage industry, you will have paid them to take it. And for how immense that is that it will the owner of everything without a single exception It's really uninspired what happens with it. Most of it ends up in a pile or gets burned, 2 % gets recycled, I mean that is really uninspiring. So you have this immense thing with no innovation, which is a blue sky opportunity to innovate like crazy and rethink everything. [ MUSIC ] So Terracycle began 16 years ago as a company dedicated to eliminating the idea of waste. And the way we do that is to recycle what's not recyclable, from dirty diapers to cigarette butts, flexible food packaging to toothbrushes. And then to integrate recyclable material back into objects. But Terracycle's been very dedicated to this idea of making disposability more circular. We are not challenging disposability, but, we are making things that are disposable more recyclable and more recycled. And this led to Luke because our mission is to eliminate the idea of waste. And we realized that recycling is solving the symptoms Of waste but not the root cause of waster. And so the question became what is the root cause of waste? And where we landed was using something once. You know we vilify plastic today but I don't think plastic is necessarily evil. I don't think metal is evil. I think using them once. Is the wrong. Plastic is an amazing material. It has a lot of great properties, but the fact that it's such a cheap material especially in its single use format has really lead to the garbage crisis. That's the number one primary thing found in landfills. It's mucking up our waterways and all of our systems. It's become like a thing that's crippling our world in a lot of ways. How do we solve for the negatives of disposability, while maintaining the positives. The breakthrough for Loop was one simple question, do you really wanna own disposable packaging when it's empty? So loop is a really cool interactive platform where customers can sign up. They get products in reusable durable containers. They can either sign up for each product as a subscription or a one time only purchase. Then you get your durable, reusable shipping tote sent to you with all of your products inside. Once your containers are empty they go back in the durable, reusable shipping tote, it comes back to us. We send it off to a cleaning facility and have it sanitized. Then those empty containers go back to the brand partners to be refilled with new products. Then it completes the loop or the cycle. [ MUSIC ] In loop instead of the consumer owning the package the consumer borrows the package and the package is always property. Of the manufacturing and magic happens when that happens. Because then the package becomes an asset to the Unilever, Coca- Cola, Pepsi, Nestle is of the world. And then they're financially motivated forget sustainability financially motivated to make a long lasting and durable and durable makes your packaging reusable but also beautifully designed with really luxury materials. And even potentially brings new features to the package, like keeping things fresh longer, cooled longer, warm longer. All these things you couldn't do in disposable. It allows these brands to innovate in ways they could never innovate before, and that has unlocked this entire new ecosystem. System, with almost every major consumer product company now partnered with Loop, creating durable alternatives to their currently disposable offerings. The beauty is I don't have to have you believe in my products, it's already the world's best products. I don't have to ask you to shop at a new store. It's already likely the stores you're shopping at. All I'm really asking you to do is would you like that in disposable or durable? [ MUSIC ] To come over to me [ APPLAUSE ] Thank you [ UNKNOWN ] and thank you all for being here, it's great to see so many friends in the room that have quite literally made this happen so yhe idea of [ UNKNOWN ] is one really simple question which is to ask ourselves. Why are we in a world of disposability? And how do we really think about it, and emerge into a new environment? Well what's really exciting for me is, Loop is very much a multi stakeholder collaboration. We couldn't do it on our own, no vendor or no manufacturer could do it on their own, no retailer could do it on their own, Is everyone working together, competitors and friends all coming together. What do we think our relationship with using something once? As individuals we feel unempowered, we feel that it's the big companies, big manufacturers, big retailers that decide everything and we're just sheep to the slaughter right? And I've heard that from consumers all the time, but I don't agree at all because we vote for the future we want with money multiple times a day with what we buy. Because what manufacturers and retailers are looking at is not to sell us what we don't want, but to figure out what we want and give it to To us. So if we change our desires, the things on the shelf will change, full stop. I think for us it's all about keeping up with consumer demands and keeping up with consumer trends. And we'll go where the consumers are, give them solutions that work for them in their lives while still providing them with incredible, delicious, high quality products. We're interested in tackling all of the That our customers are telling us that they are important to them. And so we use plastics and their disposability is one of those issues. It's the reusable part that we have to figure out. What does that mean to consumers? And this gives us an opportunity to learn that real time. We have to reinvent the future of how we consume. And if we use systems like Loop Really take hold and become the majority of how we consume and the concept of waste goes away. [ MUSIC ]

Closing The Loop: The End of Disposable Plastics

Tech

This company has partnered with some of the world's biggest retailers in an effort to get rid of single use containers.

[ MUSIC ] Which clients really get it, would you say? Which kind of the shining stars or examples of taking this technology forward. Yes, so one of our shining stars, I think, just in terms of the attributes of block chain about effeciency, but also being good for the world. Is Walmart and a group of consumer package goods companies and retailers such as Unilever, Nestle, Doll, Kroger who are supporting the food trust blockchain we've built. And this has been going on for about a year and half, that means it's improving, it's working. And focus of this blockchain is to. Take the very unwieldy, kludgy food safety and food recall components. Which today, best in class, Walmart, takes six days and 18 hours to recall a food. And it reduces it to two seconds. And so we've already loaded hundreds of SKUs, hundreds of thousands of transactions And the idea is this becomes a digital approach to food safety, that can allow instant recall, and the significance of that is, 30 % of the world's food is rested today, about 420, 000 people die a year from food poisoning, so if you can fix that, it's massive for the world. So I'd say, that group has a clear leader. [ MUSIC ]

These Companies are Blockchain Superstars

Walmart, Nestle, Unilever, Dole and Kroger use blockchain. 

Bridget van Kralingen of IBM Global Industries provides insight.

Kroger

Company Information

World's Most Admired Companies
As of 2/2/22

Kroger

Company Information

World's Most Admired CompaniesAs of 2/2/22

World's Most Admired Companies
As of 2/2/22