Canada has what seems like a rare win in the competition space. Stakeholders are celebrating the finalization of the Grocery Code of Conduct – a milestone more than three years in the making that was threatened this year when Loblaw and Walmart indicated they wouldn’t be signing.
Now, the grocery industry has slightly better processes to resolve disputes among suppliers and retailers regarding issues that include random fees, sudden cost increases, lack of clarity on contracts, and late payments. The code includes important elements such as no unilateral contract modification, no refusals to deal, and a board with representatives from across the supply chain.
