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Loblaw launching new ‘Small Supplier Program’
Launching January 2024, the program is designed to empower and support new and existing small suppliers
Supermarket News Staff
November 14, 2023
2 Min Read
Launching January 2024, this program is designed to empower and support new and existing small suppliers, helping their businesses thrive and reach more customers through Loblaw's stores.Loblaw
Loblaw Companies Ltd. is introducing a new Small Supplier Program, providing additional support and resources to more than a thousand existing Canadian growers, bakers, vintners, and local product creators, and making it easier for new suppliers to work with Loblaw.
Launching January 2024, this program is designed to empower and support new and existing small suppliers, helping their businesses thrive and reach more customers through Loblaw's stores. By providing faster payments, streamlined processes, a six-month guaranteed listing period, and support, the program makes running a small business simpler when working with Loblaw.
"Small businesses are the lifeblood of our economy, and the path to this country's successful future," said Per Bank, president and CEO, Loblaw. "Every day, we experience the terrific power of innovation in many family owned, traditional and local producers and we want to assist their ability to develop new products and generate a truly diverse and inspirational range. By making the onboarding and retailing process easier for small businesses, our goal is to reduce their time and costs, to the benefit of all Canadian customers."
Key highlights of Loblaw's Small Supplier Program include:
Faster payments: Loblaw will reduce payment terms to up to a maximum of seven days for new and existing small suppliers. This improvement will enhance cash flow for suppliers, enabling them to reinvest in their businesses as they see fit. This change will especially support our farmer partners and the unique challenges of managing the growing season
Dedicated small supplier support: This new approach will include dedicated team members at Loblaw's office and regionally, as well as training and resources to help small suppliers
Assistance for small suppliers: Loblaw is committed to making this easier for small suppliers, including adjustments to supply chain programs and subsidizing retail industry fees to provide small suppliers with an opportunity to progressively stabilize and grow more effectively
Six-month guaranteed listing period for new small suppliers: Loblaw's new program provides a six-month on-shelf commitment, while waiving associated listing fees, giving new suppliers the opportunity to test their products with greater ease
"The fresh fruit and vegetable industry is a fast-paced business environment which represents many small local growers and business owners," said Ron Lemaire, president, Canadian Produce Marketing Association. "Providing these small businesses with the opportunity to access the market using this program can be a catalyst to their success."
