Massmart stores in South Africa looted
Massmart said on Friday that 41 of its stores and two distribution centers in South Africa were looted in the violence this week and four sites were damaged by arson, according to Reuters reports.
Massmart, the African retail and wholesale company in which Walmart Inc. has a majority stake, said it plans to clean up and rebuild.
In a statement on Friday, Massmart said only 15 stores in three provinces remained closed. Additionally, a distribution center was badly damaged, but the company said its distribution network had built-in redundancies to handle scenarios that would disrupt the supply chain.
Last week’s political protests, sparked by the imprisonment of former President Jacob Zuma, have forced many retailers in South Africa to temporarily close stores. On Tuesday, Massmart said 18 of its stores were closed with a few minor injuries reported.
In another statement on Friday, Massmart said it had already turned its attention to “responsible and safe reopening of affected stores” and to helping local communities “rebuild and restore some of what has been lost.”
– Serenah McKay
JB Hunt publishes sustainability report
JB Hunt Transport Services Inc. released its first sustainability report on Friday detailing the carrier’s environmental, social and corporate governance progress in 2020.
The Lowell-based company joins others, including Tyson Foods and Walmart, who publish a sustainability report every year with the aim of increasing transparency and generating value for investors and the general public.
Hunt said his accomplishments included converting loads that would have been shipped on trucks to train, avoiding an estimated 3.85 million tonnes of carbon emissions and creating a new group of employee resources for workers. lesbian, gay, bisexual, transgender, homosexual, intersex and asexual. called PLUS (+). The company also made its first delivery using a Class 8 heavy-duty electric truck.
“We are excited about these advancements and are proud to be leaders in sustainable transportation, helping lead the industry towards a low carbon future,” said John Roberts, President and CEO on Friday. by JB Hunt.
According to the United States Environmental Protection Agency, the transportation industry generates the largest share of the nation’s greenhouse gas emissions.
– Nathan Owens
Arkansas index drops 2.30, ends at 626.18
The Arkansas Index, a price-weighted index that tracks the state’s largest public companies, closed Friday at 626.18, down 2.30.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of December 30, 1997.