01 Aug '11, 3pm

First Takes: Why Walmart Loves Local Food, Timberland's New CSR Goals, & More

First Takes: Why Walmart Loves Local Food, Timberland's New CSR Goals, & More

• Walmart Sees the Promise in Local Food: It's not surprising, but it is certainly encouraging, that according to the Wall Street Journal, Walmart is finding it can save money by buying more fruits and vegetables grown closer to its stores . The company is benefiting from the growing interest in local foods, and has set a rough definition of "local" as meaning "within 450 miles of its distribution centers." The article continues: "That's because the Bentonville, Ark., giant has determined that, in an era of high diesel prices, trimming the number of 'food miles' produce travels cuts fuel costs. Buying locally also reduces produce spoilage, Wal-Mart says, though it won't quantify the savings." Also interesting to note is how Walmart's local push could reshape the farm economy: In the past year, Walmart has doubled the number of states that provide it with jalapeño peppers. ...

Full article: http://www.greenbiz.com/news/2011/08/01/first-takes-why-w...

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