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Strengthening ties, Lidl Cyprus holds first ‘Supplier Day’

Strengthening ties, Lidl Cyprus holds first 'Supplier Day'

The first ‘Lidl Supplier Day’, entitled ‘Prospects. Features. Cooperation’, took place on November 23, 2023, during which Lidl Cyprus welcomed more than 30 of its strategic suppliers in Cyprus and Greece. Suppliers were selected based on the importance of their product category, and the overall size of their collaboration.

Looking at the future of the supply chain, the current obligations, opportunities and new challenges for 2024 were discussed, such as digitising business processes, consumers’ escalating need for sustainable consumption, increasing sustainability-related regulations, as well as supply difficulties due to tensions over transportation means.

CEO and Chairman of the Board of Directors of Lidl Cyprus, Martin Brandenburger, opened the event, and greeted attendees. Thereafter, the floor was given to Ioannis Karanatsios, Chief Commercial Officer and member of Lidl Cyprus’ Board of Directors, who congratulated suppliers for effectively dealing with backlogs and supply-chain challenges posed by the pandemic and inflation.

“In the dynamic, as well as demanding environment that is taking shape, we believe it is more necessary than ever to join forces and align them with our efforts, so that we can face upcoming challenges together. As Europe’s leading retailer, our priority is to ensure sustainable growth together with our suppliers,” noted Lidl Cyprus Chief Commercial Officer Karanatsios.

The day’s agenda included information on corporate responsibility issues, quality assurance, supply chain systems and supplier management.

Holding the vision of a sustainable supply chain, from the start of its operations until today, together with its more than 90 suppliers, Lidl Cyprus has been developing, promoting and enhancing mutual potential, both within and outside the borders of the 26 states in which Lidl operates. Meanwhile, for the 2022 financial year, turnover from direct exports of halloumi from Cypriot suppliers abroad exceeded 19 million euros.

On the road to a better tomorrow, Lidl is harnessing the potential for optimisation throughout the chain, creating added value for both people and the planet.

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