Advocate emphasizes the importance of marketplace stability in reducing costs for consumers
In a recent interview with CTV News, an advocate for fair grocery pricing highlighted the crucial role that marketplace stability plays in keeping costs down for consumers. The discussion centered around the Grocery Code of Conduct, a set of regulations aimed at promoting fair and transparent practices in the grocery industry.
The advocate, who has been a vocal supporter of the Grocery Code of Conduct, emphasized that a stable marketplace is essential for ensuring fair prices for consumers. They explained that when there is stability in the market, retailers are able to negotiate better deals with suppliers, resulting in lower costs for consumers.
The Grocery Code of Conduct was introduced in 2020 by the federal government in response to concerns about unfair practices in the grocery industry. It aims to promote fair dealing between retailers and suppliers, as well as increase transparency in pricing and contracts.
The advocate noted that the code has already had a positive impact on the industry, with retailers and suppliers now being held accountable for their actions. They also highlighted the importance of ongoing monitoring and enforcement to ensure that the code continues to be effective in promoting fair practices.
When asked about the potential for increased costs for consumers due to the regulations, the advocate acknowledged that there may be some short-term effects, but emphasized that the long-term benefits of a fair and stable marketplace far outweigh any initial costs. They also pointed out that the code includes measures to protect small and medium-sized suppliers, who may have previously been at a disadvantage when negotiating with larger retailers.
The advocate also addressed concerns about the impact of the code on competition in the industry. They explained that the code is not intended to stifle competition, but rather to promote fair and transparent practices that benefit both retailers and consumers. By creating a level playing field, the code allows for healthy competition while also ensuring that consumers are not being unfairly exploited.
In conclusion, the advocate stressed the importance of marketplace stability in keeping costs down for consumers. They expressed confidence in the effectiveness of the Grocery Code of Conduct in promoting fair practices and urged for continued monitoring and enforcement to ensure its success. With a fair and transparent grocery industry, consumers can have confidence in the prices they pay for their groceries.
