EU Commission Unveils Retail Transition Pathway
The EU Commission unveiled the Transition Pathway for a More Resilient, Digital and Green Retail Ecosystem on March 12th, marking a step forward in the journey toward sustainability and resilience within the retail sector. Presented during the High-level Conference on Retail in Brussels, the pathway represents a collective effort, drawing insights from various stakeholders involved in the ecosystem.
Built upon shared knowledge and co-created input, the pathway aims to guide retailers and wholesalers towards sustainability, digitalization, and skills enhancement to bolster competitiveness and resilience. The launch conference provided a platform to showcase ongoing initiatives and underscored the importance of collaboration at all levels, including EU, national, regional, and local.
The Retail Transition Pathway acknowledges the diverse challenges and opportunities within the retail ecosystem, covering both food and non-food sectors. It emphasizes leveraging existing initiatives and fostering collaboration to expedite the sector's green and digital transformation, without new legislative measures.
Stakeholders have highlighted the need for a supportive regulatory framework to facilitate this transition, enhance resilience, and capitalize on the benefits of the Single Market. With the rise of e-commerce and omnichannel retailing, regulatory flexibility is crucial to accommodate innovative business models and ensure fair competition, particularly for SMEs. In this evolving landscape, regulatory frameworks must find a balance between promoting innovation and preserving consumer trust and market integrity. By encouraging entrepreneurial creativity, regulations can drive the retail sector towards sustainability and digitalization, ensuring fairness for all actors involved.
As stakeholders pledge to work together and uphold responsibility, an online platform for collaboration will serve as the point of interaction and monitoring progress. This dedication highlights the significant impact collaborative efforts can have in guiding the retail industry towards a more robust, technologically advanced, and environmentally sustainable path forward.
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