Big supermarkets back in spotlight for charging suppliers to get into stores |…

Big supermarkets back in spotlight for charging suppliers to get into stores | Stuff.co.nz <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Supermarkets under scrutiny","summary":"The Commerce Commission is investigating major supermarkets for charging suppliers. These charges are seen as harmful to grocery competition."},{"timeSeconds":24,"label":"Commerce Commission's findings","summary":"The Commerce Commission has identified over 50 types of supplier payments. These payments amount to around $6 billion annually."},{"timeSeconds":37,"label":"Need for new code","summary":"Pierre van Heerden states that a new code or framework is needed to prevent prolonged issues. Consumers want action and quick results."},{"timeSeconds":54,"label":"Supermarket practices under review","summary":"Supermarkets charge suppliers for shelf stocking, promotions, and other in-store services. This practice is under scrutiny by the Commerce Commission."},{"timeSeconds":105,"label":"Supplier's lack of leverage","summary":"Gemma Rasmussen explains that suppliers have little choice but to accept terms. This lack of negotiation power can be exploited by supermarkets."},{"timeSeconds":123,"label":"Competition Act and its role","summary":"The Grocery Industry Competition Act specifies how supermarkets can charge suppliers. It aims to ensure fair practices and promote competition."},{"timeSeconds":157,"label":"Food & Grocery Council response","summary":"The NZ Food & Grocery Council welcomes the inquiry, encouraging the Commission to ensure the code is effective."},{"timeSeconds":227,"label":"Woolworths' commitment","summary":"Woolworths is committed to dialogue and investing in wholesale operations. They aim to enhance market competition and deliver better outcomes for consumers."}]} <!--/mynz:youtube-chapters-->