UK watchdog releases guide for businesses selling to supermarkets [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
supply food and grocery products to large supermarkets understand their rights under the Groceries Supply Code of Practice (GSCOP). The document, known as the “Code Confident” pack, explains how the UK grocery supply rules work and how suppliers can raise concerns about supermarket practices. It forms part of the regulator's effort to improve transparency and encourage suppliers to report potential breaches of the Code. The Groceries Supply Code of Practice regulates how the UK's largest grocery retailers deal with their direct suppliers. The GCA monitors and enforces the Code to ensure supermarkets treat suppliers lawfully and fairly across areas such as payments, promotions and supply agreements. What the groceries code covers The Groceries Supply Code of Practice sets rules for how major UK supermarkets manage relationships with direct suppliers. The Code applies to grocery retailers with annual UK grocery sales of more than £1 billion that are formally designated by the
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