The GCA has published its ninth annual report.
The reporting period was one of significant change and challenge for the industry. This included rising inflation, shortages of inputs including packaging and ingredients, and labour shortages. The Competition and Markets Authority designated Amazon.com, Inc. ("Amazon"), falling under the GCA's regulatory authority from 1 March 2022.
The annual report showcases some of the GCA's work during this time including:
- the publication of the 7 Golden Rules for responding to cost price increase requests as inflation rose
- the 2022 groceries sector survey which showed deteriorating relationships between suppliers and Retailers for the first time
- its work with Amazon following its designation to ensure compliance with the Groceries Supply Code of Practice
The annual report also provides a summary of the GCA's performance against statutory reporting requirements and its strategic objectives, in addition to an update on its financial position.
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