💼The voluntary code of conduct for Supermarket Giants failed to address their powers.
🏪Stricter regulations are being proposed by both the government and opposition.
💰Fines on supermarkets and increased supplier payments may impact consumers in the long run.
🔎The government and opposition are focused on gaining political advantage rather than solving the issue of lack of competition.
🌍More competition is needed to address the problems in the supermarket industry.
Why did the voluntary code of conduct fail?
—The voluntary code of conduct did not effectively address the powers of Supermarket Giants and their impact on the market.
What are the proposed regulations?
—Both the government and opposition are proposing stricter regulations to address the issues in the supermarket industry.
How will fines and increased supplier payments affect consumers?
—Consumers may end up paying the price for fines and increased supplier payments in the long run.
Why are politicians focusing on gaining political advantage rather than solving the issue?
—There is a political war between the government and opposition to be the first to propose solutions, rather than focusing on finding effective ways to increase competition.
What is the solution to the lack of competition in the supermarket industry?
—The solution lies in promoting more competition among supermarkets to drive innovation and fair practices.
00:13The government is releasing findings of a review on Supermarket Giants and their powers.
00:30The voluntary code of conduct for Supermarket Giants did not work.
01:07Stricter regulations are being proposed by both the government and opposition.
01:33Fines and increased supplier payments may impact consumers in the long run.
02:26The government and opposition are more focused on gaining political advantage rather than solving the issue of lack of competition.
