Hani Weiss, Chief Executive Officer, Majid Al Futtaim Retail
In 1995 regional retail conglomerate Majid Al Futtaim introduced Carrefour to the region, securing exclusive rights to operate the retail chain in 30 markets across the Middle East, Africa and Asia. Carrefour focuses on meeting the diverse needs of its customer base by offering omnichannel experiences tailored to the modern consumer.
Asked for a word that will be a crucial focus area for Carrefour in 2024, Hani Weiss, Chief Executive Officer, Majid Al Futtaim Retail said, “In 2024, ‘local’ is set to be a strong focus word for us throughout each quarter. This focus is directly linked to our unwavering commitment to local farmers and suppliers, and the surrounding communities in which we operate.”
Offering a deeper view, Weiss also threw light on three areas that will play a major role in Carrefour’s decision-making in 2024 and beyond.
Growth Outlook: Majid Al Futtaim Retail will continue to expand its omnichannel regional leadership, with a focus on growing its core business. The company is looking to revamp customer experiences that meet evolving preferences and respond to market needs.
Food Security Commitments: Carrefour is actively addressing food security challenges in the MENA region by collaborating with international suppliers to ensure a reliable food security ecosystem with proper sanitisation measures and rigorous training. Maintaining high food safety standards through routine testing programmes, Carrefour conducts up to 30,000 lab analyses annually, aligning with its commitment to excellence. In its dedication to curb food waste, Carrefour has partnered with the UAE Food Bank and Replate to donate surplus food. Additionally, Carrefour conducts various food waste campaigns throughout the year, contributing to the MENA’s food security agenda. In a broader context, Majid Al Futtaim is actively contributing to regional food security by launching the Food Innovation Hub to achieve inclusive innovation with scalable impact.
Sustainability Goals: Aligned with the region’s sustainability efforts Majid Al Futtaim has formed a bold and transformative vision for sustainability titled “Dare Today, Change Tomorrow” built on three pillars. “Transforming Lives” is a community centric pillar, aimed at fostering positive change in the communities that Carrefour serves. “Rethinking Resources” is environment-centric, which involves adopting sustainable practices to minimise the company’s carbon footprint, while preserving the planet for future generations. The “Empowering Our People” pillar is rooted in the belief that Carrefour’s people are the driving force behind its decades-long sustainability journey.
Some of Carrefour’s sustainability initiatives include:
Pick up the February edition of IMAGES RetailME to read our annual Food & Grocery Report.