Canada's grocery code of conduct, backed by major chains, aims to level the playing field for suppliers and retailers, with implementation next June.
Advocates of Canada's grocery code of conduct, a voluntary agreement between suppliers and retailers, believe it could stimulate investment and innovation in the food manufacturing industry. The code aims to create guidelines for fair dealings between suppliers and retailers and level the playing field for smaller businesses, addressing issues such as forecasting and ordering. With the support of major grocery chains Loblaw, Walmart Canada, and Costco, the code is set to be officially in place next June, and an office to oversee it is underway. The hope is that it will lead to lower prices, shorter supply chains, and more choice for Canadian consumers by encouraging better industry practices and reducing power imbalances between retailers and suppliers.