A blog by Martin Williams, external affairs spokesman of Graydon UK, focusing on business risks - from fraud to late payment. Martin has has spent the last 35 years in the credit information industry, and has been with Graydon UK, one of the top five commercial credit agencies in the UK, for the last 20. Apart from his PR duties, he teaches credit analysis to risk professionals and helps educate SMEs on the importance of maintaining a good credit rating. Martin is a Fellow of the Institute of Credit Management and is a sitting member of the Institute's Think Tank. He was also honoured by Credit Today, after being included on their Credit 100 list of people who have had the greatest impact in the credit industry during 2008, 2009 and 2010.
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01 May 2008
Just hours after the publication of the Competition Commission's final report into the Grocery trade, some supermarkets were beginning to bleat on about how the costs of organising and paying for an Ombudsman to police activities in the sector would lead to increased prices in the shops for the consumer. However, the supermarkets already accept that some things do have to get in the way of delivering lower and lower prices to end users. For instance, I'm sure child labour in overseas sweatshops would help to reduce prices of goods on the shelves, but no one, including the supermarkets, accepts this as an ethical way of trading. The Ombudsman has been recommended by the CC because it thinks the supermarkets have continually and unfairly transferred excessive risks and unexpected costs on to their suppliers. Shouldn't this be seen by the supermarkets as unethical trade practice too? A touch of sour grapes methinks.
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