Rod Sims, chairman of the Australian Competition and Consumer Commission (ACCC) has warned the country’s supermarkets that they will be “closely watched”.
Speaking yesterday (10 October), Sims, who took the role of chairman in August, said Australia’s major supermarkets have “significant market power” that stops smaller suppliers from negotiating supply arrangements.
Go deeper with GlobalData
He said: “The ACCC can and will watch closely to ensure any such dealings do not involve unconscionable conduct by the supermarkets.”
Sims also raised concerns about supermarkets selling both branded and their own private label products.
“This vertical integration in the supply chain needs close scrutiny to ensure the supermarkets do not misuse their market power”, he added.
See Also:
Last month the ACCC was unsuccessful in its bid to delay wholesaler Metcash buying fellow retailer Franklins in a A$215m (US$203.9m) deal.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
