DISCUSSION QUESTIONS: Do grocers have the leverage it takes to strong-arm their suppliers into reducing prices? Is it wise or foolish at this time for retailers to exploit their clout?
Interactive Edge’s CEO, Zel Bianco comments, featured on RetailWire’s Braintrust:
This should not be about retailers strong-arming or exploiting their clout, it should be about working in partnership with suppliers for the long term. Prices are too high in many categories, and both retailers and their suppliers need to work in true collaboration on pricing and try to balance those categories where they can absorb some of the cost increases with others where they cannot. Short term and quarterly numbers are important, of course, but until inflation cools, prices stabilize and shoppers start to feel more confident, this will get worse unless retailers and suppliers start to work in partnership for the industry to remain somewhat healthy.
Read the entire article at Retail Wire:
Should grocers be demanding price decreases from suppliers?
Photo Source: RetailWire