Is this the solution to lowering grocery bills? | Ryan Bridge TODAY

Is this the solution to lowering grocery bills? | Ryan Bridge TODAY <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"Government aims to attract overseas supermarkets","summary":"The government is trying to attract overseas supermarkets to New Zealand. They are changing rules to make it easier for shops to set up."},{"timeSeconds":13,"label":"Frustration over lack of competition","summary":"Many people are frustrated that there isn't a third supermarket chain in New Zealand. The government doesn't have the power to force a new supermarket to open."},{"timeSeconds":40,"label":"Three key areas for improvement","summary":"The government is working on three main areas to improve the situation. These include investment, regulation, and addressing other factors."},{"timeSeconds":50,"label":"Grocery Action Group Chair discusses competition","summary":"Sue Chetwin, Chair of the Grocery Action Group, joins the discussion. She explains that the problem isn't a lack of physical stores, but a lack of operators."},{"timeSeconds":105,"label":"Barriers to entry for new supermarkets","summary":"Chetwin states that the barriers to entry for new supermarkets in New Zealand are too high. Existing supermarkets have established scale and are difficult to compete with."},{"timeSeconds":156,"label":"New rules to encourage competition","summary":"The government is considering new rules to make it easier for supermarkets to enter the market. This is to encourage more competition and potentially lower prices."},{"timeSeconds":203,"label":"Addressing the core issue","summary":"The discussion highlights that the core issue is not a lack of supermarkets, but the difficulty for new players to compete. The government's efforts aim to address these barriers."},{"timeSeconds":317,"label":"New Zealand's smaller market size","summary":"Compared to Australia, New Zealand has a smaller market, meaning fewer supermarkets and less competition. This makes it harder for new entrants to achieve profitability."}]} <!--/mynz:youtube-chapters-->