Mark and Spencer (M&S) is a British multinational retailer with a strong reputation for quality and sustainability. One of how M&S has distinguished itself is through its commitment to supporting British manufacturing and small businesses. This article will examine how M&S supports these industries and the benefits it brings to the company, its customers, and the wider community.
Support for British Manufacturing
M&S has long been committed to sourcing products from British manufacturers. The company’s “Plan A” sustainability strategy, launched in 2007, set a target for 60% of the company’s clothing and home products to be sourced from the UK by 2020. This target was met and exceeded, with over 70% of these products now being sourced from British manufacturers.
M&S has also been a vocal advocate for the benefits of British manufacturing. The company argues that sourcing products from the UK helps to support local communities and reduces the environmental impact of transportation. Additionally, M&S believes that working closely with British manufacturers allows the company to maintain high quality and sustainability standards.
Support for Small Businesses
In addition to supporting British manufacturing, M&S also works to support small businesses. The company has a dedicated program, “Supplier Development,” which provides training and support to small businesses that want to supply products to M&S. This program helps small businesses to develop the skills and knowledge they need to be successful suppliers and also provides them with access to M&S’s extensive network of contacts and resources.
M&S also actively seeks out small businesses to supply products. For example, the company’s “Best of British” range features products from small and medium-sized businesses across the UK. By working with these businesses, M&S can offer customers a wide range of unique, high-quality products.
Benefits of Supporting British Manufacturing and Small Businesses
There are many benefits to M&S’s commitment to supporting British manufacturing and small businesses. For the company, these include increased brand loyalty, improved sustainability, and the ability to offer unique and high-quality products.
For customers, the benefits include access to high-quality and sustainable products made in the UK. Additionally, by supporting small businesses, M&S is helping to promote entrepreneurship and innovation.
For the wider community, the benefits include the creation of jobs and the support of local economies. Additionally, by sourcing products from the UK, M&S is reducing the environmental impact of transportation.
Mark and Spencer’s commitment to supporting British manufacturing and small businesses is essential to the company’s overall sustainability strategy. By working with these industries, M&S can offer customers high-quality and sustainable products while supporting local communities and promoting entrepreneurship and innovation. Overall, M&S’s support for these industries is a win-win for the company, its customers, and the wider community.