Economics
In the News
Premier Foods - Are they exploiting their monopsony power?
5th December 2014
Pay and stay - is this an unfair, exploitative example of the monopsony power of a giant food business over their suppliers? Or a suitable strategy for a company looking to trim their list of suppliers and build longer-term commercial relationships? On the surface it doesn't look good, perhaps the tip of the iceberg in food and drinks industries where suppliers are pathetically dependent on mass-volume food manufacturers for sales?
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