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Supermarkets to be ‘named and shamed’ in crack-down as suppliers fight back Tuesday, 8th May 2012
New measures to name, shame, and fine supermarkets that place unfair pressure on their suppliers will be unveiled during the Queen’s Speech on Wednesday.
According to the Daily Mail the new Groceries Code Adjudicator Bill will give suppliers based in Britain and abroad the right to act as anonymous “whistle-blowers”, as well as granting an independent adjudicator the right to investigate complaints about a grocery retailer with turnover of £1 billion or more.
The move comes as Business Secretary Vince Cable hopes to redress the relationship between the Big Four supermarkets (Tesco, Asda, Sainsbury’s and Morrisons) and the farmers and small producers filling their shelves.
The Grocery Market Action Group has estimated that around 3000 farmers and other suppliers have been forced out of business in Britain because of bullying and unfair buying policies.
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Posted in Food, Retail Industry Tagged food, big four, supermarkets, britain, supplier, asda, sainsburys, tesco, morrisons, vince cable, queen's speech, business secretary
