Tausi Insider

Opinions expressed by Entrepreneur contributors are their own. I've been sharing this article from the Wall Street Journal with my clients. It's about how Walmart is warning its suppliers not to raise prices. The article says Walmart's Chief Executive Doug McMillon "delivered the warning in person last month in an appearance before companies that produce products sold by the company's Sam's Club chain. Inside a hotel auditorium, he said Walmart would be pushing back against suppliers' efforts to raise prices, according to people familiar with the situation. Innovative products will spur more purchases, he added, according to these people." My clients chuckled along with me when they read this story. "Wow," said one who echoed the sentiments of most others. "Must be great to be Walmart, don't you think?" Related: 4 Ways to Protect Your Business From Inflation It surely is. But unfortunately, most business...

The produce area at a Loblaws store in Toronto on May 3, 2018. Nathan Denette/The Canadian Press Industry players say there has been “remarkable” headway toward a self-regulatory code of conduct for Canada’s grocery sector, but a key aspect is still a work in progress: a mechanism for enforcing the rules and arbitrating disputes. The steering committee of industry groups developing the code has drafted “provisions” for the behaviour of both retailers and their suppliers – a breakthrough in discussions that had dragged on for months, with warnings about a failure to reach a consensus as recently as this past summer. However, a recent draft discussion document obtained by The Globe notes that dispute-resolution mechanisms “are still under development.” The document states that these will include a range of options, “from informal discussion through to some type of formal arbitration,” but does not lay out who would act as arbitrator or how such a system would function. The committee is...