U.K. To Officially Oversee Large Supermarket, Supplier Relations

For the first time, the U.K. has created an independent adjudicator to oversee the relationship between large supermarkets (more than £1 billion annual revenue) and their suppliers. "This government is committed to ensuring that all businesses have access to fair and open markets.The groceries code adjudicator will make sure that large supermarkets abide by the Groceries Supply Code of Practice, and treat their suppliers fairly and lawfully," said Competition Minister Jo Swinson. The adjudicator now can arbitrate disputes between retailers and suppliers, investigate confidential complaints from direct and indirect suppliers, whether in the U.K. or overseas, and from third parties, as well as hold to account retailers who break the rules by "naming and shaming" or, if necessary, imposing a fine. Story.