By now I’m sure you have heard about the urgent national recall that was issued for pre-package lettuce and salad by Woolworths and Coles. Because of the sheer size of the retailers they’ve been able to easily navigate the recall of this product and have been on the front foot with the public. Now, not all businesses have the same…
By now we’re all aware of the upcoming changes to our Grocery Services Agreements due to the Food and Grocery Code of Conduct. If you need a refresher read our previous article which covered the FGCC in detail. As you know, every organisation has a multitude of different types of contracts, some of which command more or less focus than…
With upcoming changes to your Grocery Supply Agreements have you considered how you can navigate the Food and Grocery Code of Conduct to successfully negotiate your terms with the retailers? The ACCC has recently instituted proceedings in the Federal Court against Woolworths limited. This is due to the retailer’s unconscionable conduct in dealing with its suppliers. Woolworth’s “Mind the Gap”…
We’ve all recently been shocked by the BHP Samarco disaster which saw 11 Brazillian villagers lose their lives, with 15 still reported as missing. This tragedy has rocked BHP, with Samarco’s publically traded bonds initially losing 50% of their value. So, what can the Food and Beverage industry take away from this crisis? People are always going to want answers…
We’ve all read about the huge scandal 7-Eleven recently faced after Fairfax Media and Four Corners blew the lid off a “half pay” scam being conducted by franchisees. Obviously, franchisees are forced to back pay the exploited staff, and fines have been imposed by Fairwork legislation, but what about the impact felt at the highest levels of the organisation? The…
For many in the food and beverage industry, the critical Intellectual Property (IP), that provides a competitive edge is the sensitive information related to customers, in particular who they are and which pricing and supply conditions are in place. Protecting this critical information in a competitive market is critical. But, when key employees up and jump ship, it is notoriously hard…
Already the ACCC has received reports from suppliers that suggests some retailers are not having a great start when it comes to implementing the Code. Have you taken the necessary steps to insure yourself from the risk the code could poses to your business?
As we all know, major Grocery retailers across Australia have agreed to the voluntary Food and Grocery Code of Conduct, which ensures they adhere to certain standards of conduct whilst engaging with suppliers. As a supplier, this provides you with a valuable tool to engage and negotiate your terms and conditions with these powerful retailers. The catch? You must do…
Mead Johnson Nutrition has agreed to pay $12m (€10.9m) to settle a US Securities and Exchange Commission (SEC) investigation into the “promotional practices” of its Chinese business. The business allegedly misused company funds to gain marketing leverage. The full article here.
The practice unfolds largely the same across all industries: A larger, more established company swoops in to acquire a smaller, fast-growing company.
