SUPERMARKET giants Coles and Woolworths are still months away from reaching an agreement with grocery suppliers over a code of conduct.
The apparent slowdown in negotiations came as agribusiness leader Donald McGauchie urged the Australian Competition & Consumer Commission to speed up its investigation of claims that supermarkets were strong-arming suppliers, The Australian reports.
Next month – almost a year since negotiations over the voluntary code began – the retailers will hold a new round of negotiations with the Australian Food and Grocery Council, which represents suppliers.
It is understood the two sides are still unable to reach agreement over the vexed issue of private-label groceries — the in-house supermarket brands that are increasingly replacing the branded products that offer higher margins to suppliers…
Article Source: : SC Retail