Last updated on August 16th, 2012 at 12:19 pm
From FMI Show 2012
The Food Marketing Institute (FMI) has formed a strategic business partnership with TopSource LLC, a sourcing company and wholly owned subsidiary of Topco Associates LLC.
FMI and TopSource will work together on program initiatives to help food retailers and wholesalers identify business opportunities and better serve the needs of their customers. FMI members will realize significant savings related to costs in not-for-resale areas, according to the companies.
Leslie G. Sarasin, president and CEO of FMI, said, “This new partnership with TopSource addresses FMI members’ needs as they enhance their businesses, create efficiencies in operations and address their ultimate bottom lines.
Randy Skoda, president and CEO of Topco, added, “We are proud to be in partnership with FMI. The synergy between our two organizations is unparalleled as we both work with retailers and wholesalers to help them be successful. TopSource will provide FMI with a not-for-resale solution that will benefit hundreds of companies.”
Steve Smith, president and CEO of K-VA-T Food Stores, Topco’s chairman of the board and past FMI chairman, said, “As an active member of both FMI and Topco, I am confident that this partnership will provide tremendous value to independent retail members of both organizations.”
More details on the partnership will be announced in the coming months.
FMI’s nearly 330 associate members include the supplier partners of its retail and wholesale members.
TopSource assists grocery, retail and wholesale companies to realize significant savings in the area of not-for-resale (NFR), often called indirect spend. Across 12 NFR categories, TopSource has saved its customers an average of 15 percent annually in areas such as store equipment, office products, packaging, IT/telecom, construction, logistics and distribution, marketing, healthcare, energy management and hired services.
