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Morrisons with FMCG’s renewable energy first
How big is the
global DIY market?
The Global DIY market was worth some €701 billion in 2020, according to the latest Global Home Improvement Report.
And, as you would expect, the global market grew almost 14% last year, “despite the significant disturbance
in the world’s economy and logistical impacts caused by the Covid-19 pandemic.”
Moreover, says the Report, this impressive growth should be seen in the context of a decrease in global GDP which was down by 1.4% in 2020.
Unsurprisingly, North America and Europe together represent almost 90% of the global DIY market – even though their combined population accounts for only 16% of the world population – and together are worth €612 billion, +14.4% on 2019.
North America had the highest average DIY expenditure per capita in 2020 at €1163, up almost 20% on 2019, and The Home Depot and Lowe’s alone account for some 28% of the global market.
So it’s no surprise that the DIY markets in the rest of the world are being affected by the sheer pull of the massive US market and its global scale operations.
Although these two continents dominate the global picture, over 82% of the global DIY market is concentrated in eight countries – the USA, Germany, Japan, Canada, United Kingdom, France, Australia and Italy, while Germany, the United Kingdom and France account for half of the DIY market in Europe.
The top 10 major home improvement retailers worldwide are The Home
Depot (USA), Lowe’s (USA), Adeo (France), Kingfisher (UK), Menards (USA), Bunnings (Australia), OBI (Germany), Ace Hardware (USA), Bauhaus (Germany) and Sodimac (Chile).
https://diysummit.org
AIMING TO ACTIVELY reduce its carbon footprint rather than relying on offsetting, Morrisons supermarkets, the UK’s fourth largest chain, will be the first supermarket to own and operate its own solar “farm” across sites and stores.
Almost all the power generated from the solar panels will be channelled straight into its own stores and sites
to supply energy-hungry fridges and freezers, rather than going into the National Grid.
Having already installed 5+ megawatts of solar power on 37 of its almost 500 store sites and 18 food-making facilities across the country, Morrisons is also investing in heat pumps to warm its stores and sites and working on a five- year plan to buy and use renewable energy.
By the end of this year, Morrisons should have saved almost seven million kilowatt hours over three manufacturing sites and 18 retail sites, and will be
installing more solar panels in future years.
Morrisons is also committing to reducing its wider Scope 3 emissions across its entire own brand supply chain by 30% by 2030 and is already working with suppliers to support them in this.
All of which underlines that Morrisons has brought forward its commitment to be net zero carbon emissions from its own operations by 2035, five years earlier than initially pledged and 15 years ahead of the UK Government target.
Future carbon reductions will be achieved by being directly supplied by “net zero” carbon British farms; reducing energy and using renewable energy; using low carbon vehicles and offering EV charging; reducing food waste and food miles and ensuring zero deforestation in its supply chains.
Morrisons also plans to help its suppliers audit and reduce their CO2 emissions.
www.morrisons-corporate.com
global eyes
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DECEMBER 2021/JANUARY 2022 | NZHJ 27