{"id":609,"date":"2023-08-31T15:33:44","date_gmt":"2023-08-31T15:33:44","guid":{"rendered":"https:\/\/kingofspice.ca\/?page_id=609"},"modified":"2023-12-04T21:24:46","modified_gmt":"2023-12-04T21:24:46","slug":"social-purchasing","status":"publish","type":"page","link":"https:\/\/kingofspice.ca\/index.php\/social-purchasing\/","title":{"rendered":"Social Purchasing"},"content":{"rendered":"

The King of Spice supports our fair trade producers by connecting them to the Combat Hunger Today campaign.<\/a><\/p>

To attain the UN Sustainability Goal #2 of Zero Hunger new and innovative solutions are required. Social purchasing will play an ever-increasing role in philanthropy as it can redirect significant funds from existing consumer and corporate spends to alleviate food insecurity while providing smallholders a fair and equitable position within the global supply chain. <\/p>

In a recent Business Fights Poverty article ‘Leveling the playing field..<\/a>.’ the authors’ state that what is needed is the development of market systems for regenerative agriculture. This Fair Trade site is a first iteration for a direct market access point for farmers. What is unique about this social purchasing model is that the retail portion of sales is (35%) is directed to the Surrey Food Bank Think of the the Surrey Food Bank as your local retailer.<\/p>

There’s a very compelling report by the Rodale Institute stating that:<\/p>

Regenerative Ag Could Sequester 100 Percent of Annual Carbon Emissions<\/a><\/strong><\/p>

“Regenerative agriculture enables farmers and ranchers to sequester enormous amounts of carbon in the soil \u2014 and at a profit. If farmers around the world adopt the practice, it will start to roll climate change backward.How does social purchasing work?<\/strong> (Source<\/a>)<\/p>

By minimizing the supply chain the platform provides Fair Trade market access while generating significant revenue to reduce food insecurity and its devastating consequences.<\/p>

Farmer–> E-commerce & Fulfillment –>  Consumer<\/mark><\/strong><\/h2>

The difference between social purchasing and industry leaders like Amazon is that this Fair Trade, social purchasing platform is built on a Fair Trade, Social Purpose model \u2013 ensuring that farmers receive a fair price and that the retail portion of the consumer spend is directed to causes addressing poverty, hunger, food security and other social issues.<\/p>

Traditional wholesale\/retail has what is called Keystone pricing where the retailer uses a 100% markup \u2013 i.e. buy for a dollar, sell for two. In the grocery sector, for example, the retailer buys a product for $6.50 and marks it up to $10.00. In this market system the retailer is social cause. <\/p>

\"Social<\/figure><\/div>

Besides raising smallholders out of poverty and generating ongoing revenue streams to help fight poverty and hunger there are numerous ancillary benefits such as: restoring and preserving soil health, preventing desertification, protecting our pollinators, promoting bio-diversity and gender equality as over half of smallholder workers are women and girls yet they only represent 20% of land ownership and revenue share. Possibly the most important is the positive climate effect as organic farming sequesters carbon. Here is a great video on Agroecology:<\/a><\/p>