WWT just for you17 Oct 2017 14:23
Taken from the RNS Chairmans statement:
In October, we shared our plans to
create long-term value for stakeholders,
and in November, Dave Lewis and the
management team invited investors,
supplier partners and analysts to Tesco�s
offices in Welwyn Garden City to hear
more about the six strategic drivers at
the heart of those plans.
Does not sound to me as though they are screwing the supplier, far from it they are working with them for the benefit of all.
And the CEO says:
Supplier partners
Strong partnerships with our suppliers
mean we can serve our customers
better, invest in innovation and grow our
businesses together for the long term.
This year we have relaunched our online
Supplier Network, which now has over
5,000 members. Reflecting the strength
of our partnerships, for the first time we
topped the independent supplier survey
run by Advantage in October, and our own
internal Supplier Viewpoint survey shows
that 77% of suppliers are positive about
their relationship with us. We were also
pleased to be recognised by supply chain
body GS1 UK, for leading the industry in
supporting small British suppliers.