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Title The Global Food Industry and "Creative Capitalism": The Partners in Food Solutions Sustainable Business Model
ID_Doc 65298
Authors Hemphill, TA
Title The Global Food Industry and "Creative Capitalism": The Partners in Food Solutions Sustainable Business Model
Year 2013
Published Business And Society Review, 118.0, 4
Abstract Rising global food prices have driven 44 million additional people into extreme poverty-and malnutrition-in developing countries since June 2010. Partners in Food Solutions (PFS), a nonprofit social enterprise affiliated with General Mills, is proposed as the conduit for food industry managers, engineers, and scientists to initially advise small- and medium-sized African mills and food processors-and later other developing countries-on improving supply chain management by addressing manufacturing problems, developing products, improving packaging, extending product shelf, and finding new product markets. In this article, the "creative capitalism" model of sustainability and social and environmental responsibility is applied to the food manufacturing industry's efforts supporting PFS. Furthermore, the evolution of the sustainable business model developed by PFS is thoroughly described, explained, and analyzed as a generic model of social enterprise to be "scaled up" by the global food manufacturing industry. A summary of salient points conclude the article.
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