Wesfarmers is committed to long-term outcomes that benefit both shareholders and our suppliers while recognising that robust negotiations are a part of normal and acceptable business practice and contribute to innovation, efficiency and the long-term sustainability and competitiveness of all parties.
Our divisions have close working relationships with their suppliers. They also have ethical sourcing audit and review systems for higher-risk suppliers. Our businesses are members of supplier bodies, recognise suppliers through awards and meet with suppliers regularly and as requested.
Coles has demonstrated leadership by setting a 14-day time limit for payment to smaller merchandise suppliers to help their cash flow, and encourage them to grow with Coles.
For details of the main issues raised by suppliers directly this year, see the supplier page of this report.