Money

Groceries Code Adjudicator Christine Tacon has welcomed an increase in contact from suppliers

Supermarket forecasting errors and ‘pay to stay’ hurt suppliers

By Rick Pendrous

Supermarkets charging for forecasting errors, consumer complaints, margin maintenance, payments to remain listed – or being delisted without sufficient notice – or for better positioning instore and delayed payments, are some of the top problems raised...

Tacon: ‘I also need to encourage the small suppliers to get involved’

Shelf-space payments face GCA scrutiny

By Noli Dinkovski

Food and drink manufacturers are being urged to participate in a consultation that aims to find out whether retailers are asking their suppliers to pay for better positioning of goods or expanded shelf-space.

Tesco boss Dave Lewis apologised for a second time for mistreating suppliers

Tesco apologises for grocery code abuses – again

By Michael Stones

Tesco boss Dave Lewis has apologised for a second time to suppliers, after the Groceries Code Adjudicator (GCA) ruled Britain’s biggest retailer had breached the Groceries Supply Code of Practice rules in three key areas.

SMEs are being forced to wait longer for payment than their larger counterparts

Food and drink SMEs wait longer for payment

By Laurence Gibbons

Small to medium-sized food and drink manufacturers (SMEs) are being forced to wait more than two-weeks longer than big businesses to receive payment from their customers, according to research by the Asset Based Finance Association (ABFA).

Tesco 'does not have the basis for continuing to withhold the payments'

Former Tesco execs get £2.2M pay-off after all

By Rod Addy

Tesco has agreed to pay ceo Philip Clarke £1.2M and chief financial officer Laurie McIlwee £970,000 in damages, having suspended payments following their 2014 departure from the business.

2 Sisters claimed the supplier letter was only intended as a starting point for negotiations

2 Sisters Food Group slammed for supplier letter

By Rod Addy

2 Sisters Food Group faces criticism from the Federation of Small Businesses (FSB) after BBC’s Newsnight programme revealed a letter to suppliers claiming they could wait over four months for payments.

Cash crisis: bullying tactics were driving small businesses to breaking point, warned the FSB

Supply chain bullying: Five things to beware

By Michael Stones

Food manufacturers and other firms should beware five unfair practices that larger businesses use to bully their suppliers, according to the Federation of Small Businesses (FSB).

Tacon: Unless suppliers support me, I will go

Retailer watchdog will go without supplier support

By Rick Pendrous

Groceries Code Adjudicator (GCA) Christine Tacon has criticised food and drink suppliers for failing to complain about supermarket abuses of power, warning her office was threatened unless they were more forthcoming.

Late payments have hit 23% of small business surveyed by the Forum of Private Business

Late payments hit 23% of small businesses

By Laurence Gibbons

Almost a quarter of small businesses have felt the effects of late payments over the past year, according to research by the national small business group the Forum of Private Business.

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