Jeddah: Panda Retail Company in the Kingdom of Saudi Arabia discussed, during the first annual PACE event for its suppliers, its plans and strategies for the year, in addition to ways to cooperate with its suppliers to face the repercussions of global inflation and solutions that prevent its impact from reaching customers and consumers.

The PACE event was recently held at The Venue Jeddah Corniche Hotel, and was attended by more than 300 company executives and key journalists eager to cover it.

Providing food products at reasonable prices

Dr. Bander Hamooh, CEO of Panda Retail Company, said that the annual PACE event aimed to enhance the company's strategy for exchanging of expertise and experiences, and to establish cooperative partnerships with strategic suppliers.To ensure the provision of supply chains of food products, and provide them at reasonable prices to customers and consumers.

Speaking with journalists on the sidelines of the PACE event, Hamooh referred to Panda's support for government efforts and initiatives aimed at mitigating the impact of inflation on customers and consumers in Saudi Arabia, pointing out Panda's participation in the "Ma tegla alik" campaign launched by the Federation of Saudi Chambers in collaboration with the Chambers of Commerce; to provide basic food commodities at reduced prices, including over 40 basic items such as chicken, eggs, rice, milk, oils, meat, and others.

Hamooh added “as an extension of government initiatives, Panda launched an innovative campaign entitled “Thabtn 'aha”, to reduce and fix the prices of more than 300 commodities in all its branches around the Kingdom of Saudi Arabia, to support and assist families in an economical consumer experience, in addition to providing solutions that ensure a more efficient shopping experience.”

Hamooh praised the efforts of the Kingdom of Saudi Arabia in supporting the retail sector and the private sector, as well as the efforts of parties such as Mukatafa Company and Mo'an Association, which were represented in facilitating coordination with the private sector, reviewing regulations, and facilitating procedures for the retail sector to the greatest extent possible, which greatly supported the sector. To address the societal crises that have occurred, such as the Corona pandemic crisis and others.

Meet customer needs

Ryyan Tarabzoni, CEO of the Supply Chain and Logistics Sector at Panda Retail Company, explained that Panda Company seeks to provide products and goods in the right quantity and at the right time in all Panda branches in order to serve the customer and meet its needs, pointing out that Panda has four main distribution centres, and it also receives products from over 250 suppliers throughout the Kingdom to ensure that products and goods are always available.

Tarabzoni added that Panda Company is constantly following changes in the shopping habits of the Saudi consumer, as there is a growing tendency to visit shopping branches on a weekly basis to purchase basic commodities in small quantities sufficient for a short period of time. Panda always strives to deal with these changes in shopping habits by offering products of various sizes and quantities that meet all consumer needs, rather than buying and storing large quantities.

Panda Retail Company, by organising the PACE event, reinforces its efforts to reimagine shopping and improve the customer experience. To keep pace with the digital transformation, in line with the National Transformation Program and Saudi Arabia's Vision 2030, and to achieve its vision of sustainable leadership in the retail sector, in addition to creating a competitive climate that serves the interests of the customer and the communities that it is proud to serve every day, as well as leading a positive view of the national economy and the empowering of society for a better life.

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About Panda Retail Company:

Panda Retail Company, one of the Savola Group companies, and the largest retail sector company in the Middle East, has more than 16,000 employees who work with dedication and commitment to meet the needs of customers in 182 branches spread across various regions of Saudi Arabia, and provides its services and products, which amount to 30,000 items, to more than 300 million visitors every year across its different outlets and electronic platforms. Panda is proactive in adapting to changes to improve the customer experience, and the company constantly seeks to support programs and services that care about society and the environment. To achieve its goal of increasing community participation in order to live a better life.

For more information, please visit our website https://panda.com.sa/ar /