News Summary July 26, 2017
Today's Main Story: Walmart Selects BAP as First Seafood-Related 3rd Party Auditor for Social Compliance
Headlining the news today is word that Walmart announced in a June 30th notice to suppliers that it is simplifying its Responsible Sourcing Program to focus its resources on areas that make the greatest difference for workers in its supply chain. The move reemphasizes its commitment to preventing forced and child labor, as well as unsafe working conditions. Specifically, Walmart is requiring that suppliers get annual 3rd Party social compliance audits if they're located in countries that they deem at risk of abusive labor practices.
In other news, the Bell Aquaculture fish farm has been sold for $14 million to AquaBounty Technologies, based in Maynard, Mass. which is focused on building better fish. At one time, Bell's trout, perch and coho salmon farm, including two dozen indoor tanks containing 70,000 gallons of water each, had been hailed as a model of land-based, containment aquaculture. AquaBounty, in 2015, obtained the U.S. Food and Drug Administration's first approval for a genetically engineered (GE) animal intended for food: AquaAdvantage Salmon. It reaches market size more quickly than non-GE, farm-raised Atlantic salmon.
According to the 2017 U.S. Grocery Shopper Trends report released last week by the Food Marketing Institute (FMI) and The Hartman Group, one in four consumers shop at ...
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