Amazon’s Compliance Scores Drop as Co-op Tops Retailers List
- GCA warns Amazon to improve its compliance with Groceries Supply Code of Practice
- Overall compliance scores ranged from 98% to 47% among retailers, averaging 91% in 2024 (vs. 92% in 2023)
- Amazon’s compliance score fell from 59% to 47%, while issues related to cost price increases and invoice discrepancies decreased
- Co-op tops the list with a 98% compliance score, followed by Lidl with a 2% improvement
The Groceries Code Adjudicator (GCA) has warned Amazon to take swift and comprehensive action to demonstrate compliance with the Groceries Supply Code of Practice in its latest annual survey. The number of suppliers experiencing a code issue fell from 36% to 33%, but less than half of those directly supplying Amazon believe it consistently or mostly complies with the code, as its score dropped from 59% to 47%. GCA is monitoring changes and their impact on suppliers. The survey, which received over 3,000 responses, revealed a significant improvement in cost price increases (CPIs) and invoice discrepancies resolution. Excluding Amazon, the average compliance score was 94%, unchanged from 2023’s non-Amazon score. Co-op topped the list with a 98% compliance score, followed by Lidl with a 2% improvement.
Factuality Level: 7
Factuality Justification: The article provides accurate information about the Groceries Code Adjudicator’s report on Amazon’s compliance with the Groceries Supply Code of Practice and includes data from the annual survey. It also compares Amazon’s performance to other retailers and highlights improvements in some areas. However, it could provide more context or background information on the Groceries Supply Code of Practice and the GCA for readers who are not familiar with these terms.
Noise Level: 3
Noise Justification: The article provides relevant information about the Groceries Code Adjudicator’s report on Amazon’s compliance with the Groceries Supply Code of Practice and highlights improvements in some areas. However, it could benefit from more analysis or context to make it a higher quality piece.
Financial Relevance: Yes
Financial Markets Impacted: Suppliers of groceries to Amazon
Financial Rating Justification: The article discusses Amazon’s compliance with the Groceries Supply Code of Practice and its impact on suppliers, which can affect their financial performance and relationships with retailers. This has implications for the financial markets as it may influence investor decisions and the overall performance of the companies involved.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event in this article. It discusses the Groceries Code Adjudicator’s annual survey on compliance with the Groceries Supply Code of Practice and Amazon’s performance compared to other retailers.
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