Tesco procurement practices exposed and it’s not pretty. What do you think? http://www.fourpillars.co/tesco-procurement-practices-exposed-and-its-not-pretty/

An astonishing news story emerged this week via The Independent newspaper detailing some of the procurement practices of the UK’s largest retailer Tesco, from the viewpoint of an understandably anonymous supplier to the supermarket chain. This bad publicity is on top of the £250m overstating of half-year profits, which has sent the company’s stock price tumbling. The tone of the piece is angry and somewhat despairing, but it also offers a stark warning to Tesco; better commercial terms are being offered to Tesco’s competitors. Read the rest of the article: http://www.fourpillars.co/tesco-procurement-practices-exposed-and-its-not-pretty/