Smiths News shortlisted for Innovation of the Year award
Smiths News has been shortlisted for the Innovation of the Year award at this year's PPA Awards for its pioneering introduction of electronic point of sale (EPoS) based returns.
Now in its 41st year, the PPA Awards recognise, celebrate and elevate the achievements and progress made across the UK publishing and media industry.
Simon Gage, Publisher & Retailer Services Director at Smiths News, explained: "‘The Innovation of the Year category looks to recognise those initiatives that seek to maximise revenue for publishers – we truly believe our initiative does that not just for publishers but for everyone in the magazine supply chain.
“This year, in conjunction with Marketforce, Frontline and rascal solutions, we introduced EPoS based returns to help normalise management of the magazine category for large retailers. This not only enables retailers to benefit from significant cost efficiencies but also provides significant benefits for publishers and distributors too. Most importantly, by simplifying processes we're able protect the display space in key retailers, which is vital for the economics of the whole supply chain."
This year, PPA received an impressive 373 entries showcasing the achievements across the industry that took place during one of the most challenging economic periods in recent history.
Jon Bunting, CEO at Smiths News, said: "It's great news that we've been shortlisted in the Innovation of the Year category.
"We're delighted to have played a leading role in developing a solution to what has been a long standing issue in the supply chain. Together with our retailer and publisher partners we’ve established a robust process that may well be ‘below the radar’ to many, but in fact has an enormous impact on the future health of magazine retailing – it’s a positive innovation for us all.”
The winners are set to be announced at a virtual awards ceremony on 23 June.