All major Canadian grocers agree to sign onto grocery industry code of conduct

  • 📰 SooToday
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 85%

United States News News

United States United States Latest News,United States United States Headlines

This means that all of the largest grocers, as well as a number of regional and local independent retailers across Canada, have now committed to participating, as have all ‘key suppliers, large and small,’ that provide food to those stores’ shelves

After years of contentious negotiations over a grocery industry code of conduct, all of Canada’s major grocers have now agreed to sign on to the new self-regulatory scheme for the first time.

The new code is expected to be implemented by June of next year. Before that can happen, the board still needs to hire an adjudicator who would manage any disputes arising under the code, establish an office to oversee it, and educate people across the industry about the code’s requirements. The fee increases in 2020, which helped to offset investments that both Loblaw and Walmart were making to improve stores and e-commerce operations, led to a backlash from suppliers who said the moves were proof of the need for better ground rules for the industry. Provincial and territorial agriculture ministers also began examining the issue.

In February, a House of Commons committee studying food prices sent a letter to the CEOs of Walmart and Loblaw, saying that the committee would consider legislating the rules if the retailers did not sign on to the voluntary code. There have been no further changes to the code since those discussions with Loblaw, said Michael Graydon, co-chair of the steering committee developing the code and CEO of Food and Consumer Products of Canada, which represents manufacturers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines