Jeddah:   Panda Retail Company launched its first annual event for suppliers: (Panda Annual Collaborative Event) 'PACE', at The Venue Jeddah Corniche Hotel. The event discussed various topics related to the retail market including empowering society for a better life and thanking the Kingdom of Saudi Arabia government for its initiatives to ensure that the effects of global inflation do not impact consumers.

The first annual PACE event facilitated discussion with external speakers about the effects of global inflation on customers and consumers both inside and outside the Kingdom of Saudi Arabia.

The event was created by Panda due to the importance of promoting the exchange of expertise and experiences with strategic suppliers and ensuring that food product supply chains are appropriately priced locally and globally at a time when the world is experiencing a massive wave of inflation.

The PACE event aimed to highlight the support of wise leadership as well as the major role played by the government of the Custodian of the Two Holy Mosques through its various initiatives in absorbing the impact of inflation on consumers, and in which Panda played a pioneering supporting role. 

The event included a variety of activities, such as collaborative honoring several national companies and SMEs in appreciation of their efforts and supportive contributions to the local economy in line with the 'Made in Saudi Arabia' initiative launched by His Highness the Crown Prince and Prime Minister Mohammed bin Salman in March 2021.

Panda played a major role in the 'Made in Saudi Arabia' initiative by facilitating channels for selling and trading national industry products in all of its branches throughout the Kingdom of Saudi Arabia.

By organizing 'PACE', Panda Retail Company reinforced its role in redefining the retail customer experience, thus contributing to the achievement of its vision of sustainable leadership in the retail market. This was based on a creative to win the trust of customers and communities that it is proud to serve every day, as well as its positive leadership of the national economy and societal empowerment for a better life.