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|GCA’s survey revealing suppliers say Tesco worst at following grocery code of practice|
|Tuesday, 23 June 2015|
Tracy Ewen, managing director of IGF Invoice Finance, comments on the Grocery Code Adjudicator’s (GCA) survey revealing that Tesco suppliers say retailer worst at following grocery code of practice. She says:
“30% of direct suppliers saying Tesco rarely complies with the industry code is a true reflection of the grocery industry’s attitude over recent months. The top two issues raised by suppliers in the GCA’s survey were delays in payments and changes in contract terms. The payment terms that many suppliers in the UK are subjected to today, would mean that goods delivered today wouldn’t need to be paid for until late Autumn. Clearly for many small businesses this isn’t a practice that’s sustainable, but it is a reality that they have very little power to change.
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