I'm sure the upcoming enquiry will reveal why there's record profits, and how that lines up with their good corporate citizen claims. Farmers should also have an input.
The economist said retailers are using an increase in supply chain costs due to the invasion of Ukraine and the pandemic as an excuse to drive up prices."I think this inquiry will be good for putting a bit of a heat on the companies to at least justify what they've been doing because I think really they kind of get away with it," he said.The supermarket giants are expected to face a grilling when Coles and Woolworths front a parliamentary inquiry into price gouging, record profits and cost-of-living pressures in the coming months.
